Why are states allowed to be in the gambling business and lock out the private sector? Stephen L. Carter on why state-run lotteries are bad for taxpayers, the poor, casinos, and bettors.
In case you missed it, the shares of European companies that offer on-line gambling have risen sharply in response to the crackdown by the Justice Department on sites that offer games of chance in the United States. This market reaction is of course entirely predictable. Capital flows to where it will find the highest returns, and online betting is only one of many fields in which America is being out-competed by the world.
Related story on The Daily Beast: Holder's Wishy Washy Terror War
Now, I am not writing to urge that we re-legalize online gambling, a practice effectively banned in this country by the 2006 federal statute prohibiting banks and credit card issuers from cooperating. Nor do I...
In case you missed it, the shares of European companies that offer on-line gambling have risen sharply in response to the crackdown by the Justice Department on sites that offer games of chance in the United States. This market reaction is of course entirely predictable. Capital flows to where it will find the highest returns, and online betting is only one of many fields in which America is being out-competed by the world.
Related story on The Daily Beast: Holder's Wishy Washy Terror War
Now, I am not writing to urge that we re-legalize online gambling, a practice effectively banned in this country by the 2006 federal statute prohibiting banks and credit card issuers from cooperating. Nor do I...
- 4/24/2011
- by Stephen L. Carter
- The Daily Beast
Why are states allowed to be in the gambling business and lock out the private sector? Stephen L. Carter on why state-run lotteries are bad for taxpayers, the poor, casinos, and bettors.
In case you missed it, the shares of European companies that offer on-line gambling have risen sharply in response to the crackdown by the Justice Department on sites that offer games of chance in the United States. This market reaction is of course entirely predictable. Capital flows to where it will find the highest returns, and online betting is only one of many fields in which America is being out-competed by the world.
Related story on The Daily Beast: Holder's Wishy Washy Terror War
Now, I am not writing to urge that we re-legalize online gambling, a practice effectively banned in this country by the 2006 federal statute prohibiting banks and credit card issuers from cooperating. Nor do I...
In case you missed it, the shares of European companies that offer on-line gambling have risen sharply in response to the crackdown by the Justice Department on sites that offer games of chance in the United States. This market reaction is of course entirely predictable. Capital flows to where it will find the highest returns, and online betting is only one of many fields in which America is being out-competed by the world.
Related story on The Daily Beast: Holder's Wishy Washy Terror War
Now, I am not writing to urge that we re-legalize online gambling, a practice effectively banned in this country by the 2006 federal statute prohibiting banks and credit card issuers from cooperating. Nor do I...
- 4/24/2011
- by Stephen L. Carter
- The Daily Beast
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