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The Industry Of Fools - Online Term Paper

The Industry Of Fools

The gambling industry of the United States has grown at a spectacular rate since the 1980's. Billions of dollars are spent on various forms of gambling each year from the $1 lottery ticket at the gas station, to the roulette wheel on the strip in Las Vegas. With this enormous growth has come a debate on whether gambling is a good public policy or an addictive, dangerous sport. I feel that gambling in America creates lower productivity, disrupts family lives, creates burdensome debts, and involvement in crime on many different levels.
Gambling is defined as "anything that puts at risk something of value on events whose outcome is uncertain". According to the American Gaming Industry, ...

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are enjoying this form of entertainment it can not be wrong. Furthermore, proponents are quick to point out that fun is not the only issue; in addition, these new casinos have created thousands of jobs. Not only have casinos created new jobs, but there has been an increase in tax revenue for the cities that have casinos. Indeed, the increase in tax revenues has helped to rebuild some rundown inner cities and river fronts areas. These people argue there is little reason to worry about gambling as most people will only lose a small amount of money and will have a fun time losing it. While these factors are relative and important, they fail to represent the negative impact of gambling.
Too many times the people that are spending their money gambling are the same people that can least afford to lose it. For instance, the lottery is most heavily advertised in poor neighborhoods where it is portrayed as a way out of poverty. Gambling is like a tax on the poor. The indigent who ...

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The Industry Of Fools. (2005, February 23). Retrieved January 12, 2026, from http://www.essayworld.com/essays/The-Industry-Of-Fools/22698

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PAPER DETAILS

Added: 2/23/2005 04:44:19 AM
Category: Miscellaneous
Type: Premium Paper
Words: 753
Pages: 3

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