Warren Buffett on Gambling
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@METALBUG999 Yes, that is true. What would you propose? There is also an issue as people should be free to choose what they want to do. Debatable subject.
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@amse Its a filthy industry. Casino workers are lower than used car salesman.
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@theguvnorjimmy Casino's didn't help the city of Detroit. Most gamblers are lower middle class who should spend that money on improving themselves. You will never see a casino in Palm Beach or Greenwich CT.
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I think the state has no part in this decision. People should be left free to make there own choices and should be held accountable for their own stupidity. If heroin was made legal tomorrow how many people would go out and get it. People will always do stupid things, its not the states responsibility to protect people from themselves.
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Gambling should absolutely be kept legal, it's up to each person to decide how they spend their money. Government should be kept completely out of that industry.
1 month ago 2
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This is biased. It is not like the money is completely wasted. Jobs are produced and the government also receives taxes. The people who get jobs then go on to di whatever they desire with the money such as redistribute it within their economy or save it - which also gets taxed. The real issue here is that these people who have addictions are the problem, not the gambling. If it were not gambling it would be something else. Addiction is a terrible disease that needs to be addressed.
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@gigiontube Tried it, no luck. It just riddles you with guilt.
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Play the casino: Win $0.65 for every $1 you put in.
Invest in an ETF of blue chips over a multi-decade time horizon: Get $1.08 each year for every $1 you put in.
Small wonder why Buffett's fortunes didn't come from a slot machine.
nankypooh 1 year ago 16
wise and simple thoughs
alsamuef 1 year ago 3