Stop Predatory Gambling

Trading one something-for-nothing scheme for another

by spgadmin

Guess where the FBI found a Massachusetts man fleeing federal charges for running a $28 million Ponzi scheme? A casino in Biloxi, Mississippi. The FBI tracked him to Mississippi after he left (yes, follow your instincts here)… Las Vegas.

It is no coincidence. Predatory gambling is another kind of something-for-nothing scheme in which the people who own it and promote it don’t spend their own money in it.

America’s “Las Vegas ethic” of greed, exploitation, corruption and something-for-nothing schemes is the biggest challenge our country faces. It has done more to undermine the long-term prospects of America’s economic and civic life than other external threat.

We can go a long way to changing this Las Vegas ethic by dismantling the government program of predatory gambling.