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Author Topic: How can online gambling help to kickstart the global economy?  (Read 436 times)
freedomgo
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July 06, 2020, 02:33:51 AM
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 #41

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

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July 06, 2020, 02:50:04 AM
 #42

Most people would say, gambling is a destructive activity and that it only destroys lives...

Maybe some because there are more people who gambles than those who don't.
Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

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July 06, 2020, 04:02:43 AM
 #43

Most people would say, gambling is a destructive activity and that it only destroys lives...
Maybe some because there are more people who gambles than those who don't.
Correct, because there are millions of people who are still betting on lottery, so that reality says about the word most.

This is an interesting claim. But do we have the actual numbers on this?

With all due respect, I don't agree that there are more gamblers than not. And I am almost 100% sure about it. Probably not even in Macau.

Casino is only bad if we don't have the discipline, that's why there's limitations in a casino but it's still depends on the gambler itself as casinos are profit oriented, they would want you to gamble more.

here's the reality, casinos makes money not because of a certain gamblers losing money but because of the volume of gamblers they have, so it would be very helpful if gamblers will think of gambling as an entertainment as that way government will not feel the guilt while they continue making money through taxes.

Casinos does not care about the outcome of a gambler's life, they just want you to bet and will not ask how did you produce the money, but the government did care, if they are seeing that it's destroying the lives of the people, then they might make some measures to minimize the gambling activity of the people by putting some limitations, or worst is banning gambling.

Uh-uh, the government will intervene if the gambling establishments are not paying the right amount of tax, or are not declaring their revenue honestly, or are offering more than what they are legally allowed. But for as long as they are doing their business properly, the government will not care whether these establishments are thriving thanks to hundreds of thousands of losers, whether breadwinners are going home with lesser take home pays due to their gambling activities, whether ordinary employees are buried in debt due to poor personal gambling discipline, and so on.

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July 06, 2020, 04:15:22 AM
 #44



What other positive things can you think of that online casinos can add to the global economy?

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy 

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July 06, 2020, 04:58:21 AM
 #45

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.

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July 06, 2020, 05:31:21 AM
 #46

Our government is the one running our gambling casinos all revenues are going to the government coffer, and because of this our government is capable of giving our citizens basic needs like hospital and medical attention, casinos now in pandemic is such a big help to kick start our economy 

The revenue from many fields can back to the government, so the government can build or distribute the money to the public to help people who need it. If much more government can do that, people will not suffer for waiting from the help because if they are sick, they can go to the hospital, and the paramedic will directly help them without thinking about how much money they have.

If online gambling can contribute like that, I am sure the government revenue will be bigger because online gambling has much income at this pandemic.

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.
If online gambling can keep that, they can help people from their taxes, which they give to the government. I think the tax amount is big, so that can be a way for the government to get their money as the tax. Or online gambling can donate their income to the people who need it by cooperation with charities.
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July 06, 2020, 05:42:35 AM
 #47

The tax generated from gambling sites will only benefit countries that have legalized gambling activities and the scale is still national. Because not all countries legalize gambling, global economic growth from gambling taxes I think is still difficult to happen. The result obtained by the government of a country which has legalized gambling will be used in various sector and can stimulate economic improvement for citizen such as infrastructure development and new job creation.

Do not underestimate the role of online gambling on the economy, because since the economic crisis occurred due to the corona virus.
Only online gambling which keeps running and doesn't close. Even some big online gambling around the world, help the global economy
by paying taxes quite large and also provides income for users who are lucky to be able to win gambling.
Understandably, because gambling is one of the most potential places to make money for the government through taxes, it is not surprising that this money will also be used to help the economy.

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July 06, 2020, 06:20:52 AM
 #48



What other positive things can you think of that online casinos can add to the global economy?
To be honest ?i don't think Gambling either online or real casino can help economy for now because gamblers must not be tolerated at this moment instead all their money must be used in rightful way and that is to feed their family or to help other so for the mean time?let us not focus in gambling but instead let use our time and money in more productive things.
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July 06, 2020, 07:01:12 AM
 #49

If the government would listen to these people who are against gambling, there's no way the government will progress.
In some countries, their economies have improve because they allow gambling businesses to operate in their country, and these operators are coming from a country who ban gambling, particularly in China, so other countries take this as an opportunity.

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July 06, 2020, 07:25:06 AM
 #50

The important thing is the casino can give employees jobs again after the pandemic, so people can back to work to their jobs. People will have an income as the employee, and they can buy their daily needs. If people can have money and buy their needs, the economy in that city or country will start, and soon, the situations will become stable as before. However, they need to follow the government's rule because we are still in the pandemic.

And if you are talking with online gambling, employees or staff can do their work even at the comfort of their home. So that's a big plus for these employees, they don't need to struggle to commute. Maybe only those critical issues that need physical presence on their office is needed but all the other else, they can pretty much attend remotely.
But if we are concerned about how it affects the economy in general, I think it is more on taxes paid by the sites to the government.
Yes, that will be an advantage for the employees or staff because they don't have to go to their office. I think they can solve the issues from home if something happens but if everything is fine, they will not have to go to their office. The taxes will be concerned for the government, but in the new normal like now, the taxes will be paid from the business owner because when the online casino can still get revenue from their business.

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