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Bullajami
Uber Squid


Joined: 03 Sep 2004
Posts: 8838
Location: Mrs. Bull's Doghouse

PostPosted: Fri May 30, 2008 9:01 pm    Post subject: Good Article Reply with quote

Long, but worth it

http://www.reason.com/news/show/126022.html

last 3 paragraphs:

Quote:
Opponents of online gambling focus on extreme cases and imply they’re typical. A June 2007 hearing on Internet gambling held by the House Financial Services Committee featured testimony by an Ohio minister whose college-age son robbed a bank to pay off the debts he incurred while playing online poker. The research firm Ipsos estimates that 15 million Americans play online poker for money; most of them do not end up robbing banks. According to industry data collected by the Poker Players Alliance, the average online player spends $10 to $20 a week. Players like these are neither winning nor losing large amounts of money; they are mainly having fun, a concept that Bob Goodlatte seems to have trouble comprehending.

Barney Frank, by contrast, gets it. In July 2006, during the congressional debate over the UIGEA, Jim Leach averred that “there is nothing in Internet gambling that adds to the GDP or makes America more competitive in the world.” Frank took exception to Leach’s argument:

“If an adult in this country, with his or her own money, wants to engage in an activity that harms no one, how dare we prohibit it because it doesn’t add to the GDP or it has no macroeconomic benefit? Are we all to take home calculators and, until we have satisfied the gentleman from Iowa that we are being socially useful, we abstain from recreational activities that we choose?…People have said, ‘What is the value of gambling?’ Here is the value: Some human beings enjoy doing it. Shouldn’t that be our principle? If individuals like doing something and they harm no one, we will allow them to do it, even if other people disapprove of what they do.”
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Henry



Joined: 14 Jul 2008
Posts: 13
Location: Charleston, SC

PostPosted: Mon Jul 14, 2008 5:45 am    Post subject: Reply with quote

Thanks for the article, good read.
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peterholdem



Joined: 14 Jul 2008
Posts: 14

PostPosted: Mon Jul 14, 2008 9:46 am    Post subject: Reply with quote

Interesting article! Thx for posting!
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