Gambling Essay Example The Case for Legalized Gambling

Everybody Wins: The Case for Legalized Gambling Mention the word Casino and it can conjure up images of underworld figures with bags full of laundered cash waiting to be paid to the next hit-man. Decades ago there may have been some truth in that vision. However, todays gaming industry is the most heavily regulated and scrutinized business in the country (Fahrenkopf 2002). Casinos offer a vacation atmosphere that includes everything from family entertainment to high stakes poker. These centers of entertainment have a lot to offer the local communities where they are located. They lower the local tax rate, reduce crime, finance education and should be legalized in all 50 states. When anyone gambles, they always want to win. Of course, thats not realistic and thats why its called gambling. However, casino gambling can make everyone a winner. The amount of tax revenue that they can generate is phenomenal. Deadwood South Dakota built its first casino in 1989 when its city budget was $1.5 million. Just six years later the local budget had swelled to $11 million thanks to casino revenue (Ackerman 1999). That additional $9.5 million could be for needed improvements or local tax relief. Either way when Deadwood played everybody won. Critics of legalized gambling will contend that the crime rate increases when a city builds a casino (Kearney n.d.). This belief does not prove to be true. In fact, the increased revenue and law enforcement visibility makes crime more difficult to commit. The inside of a casino is some of the safest places in the world. The area has constant surveillance and monitoring. Outside the casino, the increase in scrutiny has actually resulted in a lower crime rate in many areas with legalized gambling. According to the American Gaming Association, Statements by law enforcement agents in gaming jurisdictions across the country also refute critics’ claims that gaming causes crime (Does the introduction). The stories of a higher crime rate are an old myth used by critics to discourage support for the gaming industry. Those that are discouraging gambling are taking money away from our educational system. Gambling has been one of the biggest sponsors of education and in some states it is the sole support of some programs. In Georgia, pre-kindergarten programs and the HOPE scholarship program are totally funded with gambling revenue (Ulbrich 1998 p.5). Clearly, when you gamble in Georgia, the children win. This scene plays out all across the country. Education is the biggest beneficiary of gambling in the US, and in 13 states all lottery proceeds go to education (Ferro 2007). Gambling is not just a game, its an investment in our childrens educational future. So the next time you hear the word Casino, dont think of the dark shadowy past. Imagine a future where taxes have decreased and services have increased. The gambling of today is one of safest pastimes there is. It not only provides needed taxes for the community but gambling also contributes to a lower crime rate for the area. Sure there will always be losers in gambling. But now, the big winners are the kids through education and scholarships around the country. In the world of gambling today, everybody wins and it should be legal everywhere. References Ackerman, W. V. (1999). Casinos have proven beneficial to Deadwood, South Dakota [Electronic version]. Legalized Gambling. from Thomson Gale. Does the introduction of legalized gaming increase the level of street crime in a community? (2003). Retrieved February 22, 2007, from http://www.americangaming.org/industry/faq_detail.cfv?id=63 Fahrenkopf, F. J. (2002). Legalized gambling benefits local economies [Electronic version]. Gambling. from Thomson Gale. Ferro, J. (2007, January 28). Nationwide, lotteries pay for far more than education. Poughkeepsie Journal. Retrieved February 22, 2007, from http://www.thejournalnews.com/apps/pbcs.dll/article?AID=/20070128/NEWS05/701280386/1021 Kearney, B. (n.d.). Gambling Basics. Retrieved February 22, 2007, from http://www.ncalg.org/Gambilng%20Inside%20Story.htm Ulbrich, H. H. (1998). Gambling in South Carolina. Retrieved February 22, 2007, from http://209.85.165.104/search?q=cache:FdVGMs-nk-cJ:www.strom.clemson.edu/insight/gambling.pdf+gambling+supports+educationhl=enct=clnkcd=20gl=us Let Us Help You with Your College Essay Remember, that essay you need written, it has a deadline! The more you procrastinate, the more the risk you will not be able to deliver the final essay within the deadline. You don’t want that; right! So simply trust our custom college essay writing company. Place your order now.

ECO2103 PRINCIPLES OF MICROECONOMICS Essays - Microeconomics

ECO2103 PRINCIPLES OF MICROECONOMICS Essays - Microeconomics ECO2103 PRINCIPLES OF MICROECONOMICS INDIVIDUAL ASSIGNMENT (30%) The assessment for this course comprise ONE essay of up to 1800 - 2000 words in length. This word limit includes footnotes (if any) but exclude references, tables or diagrams. Essay: Choose one from the following 6. 1)Currently, most of the world adopted mixed economy as a mean of resource allocation. Before that, different economy system was proposed in the 16th- 19th century such as pure capitalism and communism. Explain why the latter two economy system fail to become dominant in today economy? 2)Theoretically, price is determine by the force of market demand and supply. However, does it really applicable in today economy, given that information is imperfect in the market? 3)In Adam Smith famous paradox of value: Water has less value in exchange while it is important for survival. On the other hand, diamond has less value in use but greater value in exchange. Explain your reasoning for the above statement. 4)In theory, when demand is inelastic, increasing price will increase firms profit. However, when demand is elastic, decreasing price will increase firms profit. Does this case necessary to be true in practice? 5)Does perfectly competitive markets exist in real world? Explain. 6)From economic point of view, what are the main causes of market failure? Requirement 1)You are required to submit your work to Turrnitin to prevent plagiarism. Your similarity should not exceed 25%. Penalty will be impose for works that exceed 25% similarity. Candidate with serious plagiarism could be charge for academic dishonesty. 2)Referencing style: Harvard Referencing. 3)You must submit a hardcopy of your write-up together with turnitin report and assessment rubric. 4)Submission after due date (Within 1 week after the due date), maximum marks will be 50% from the total. 5)No mark will be credited after the 1 week maximum limit or after any extended date where an extension has been granted. Final date for submission The final deadline for essay submission is: WEEK 11