Monday, October 02, 2006

Bye, Bye Online Gambling...

The party is over at PartyPoker.net and the rest of the gang if Congress has its way. The House of Representatives and Senate unexpectedly approved a bill early on Saturday that would make it illegal for banks and credit-card companies to make payments to online gambling sites. The measure was sent to GWB to sign into law, which most analysts see as a certainty.

In my opinion, this is another ridiculous morality play! Instead of criminalizing gambling, drugs, and prostitution, the government should legalize and tax those industries! I know the argument has been made before, but I truly believe in it. The government wastes billions of dollars combatting vices that people are going to do anyway! Why not profit from these things and quit fighting a losing battle? Our limited resources could then be dedicated to real threats such as terrorism and drunk drivers to name only two.

Read more from Reuters...

3 comments:

Chris said...

Ah, but that's the point of the legislation. Making "Internet gambling" illegal looks good, while the government profits on Internet gambling from domestic companies. No one is shutting down off-track betting, slots at horse tracks, Indian casinos, or Harrahs. This is an way to say that the only gambling that goes on is (public face) regulated and (private face) taxed.

Maybe it's the Pacific Northwest influence, but I've pretty much had it with the conservatives in the government. It makes me sad to say to say it because I had pretty much been a straight-line Republican or Liberterian (when possible) voter. Legislation like this is just particularly odious in intent.

Dolf said...

Very good points! I guess the only Internet gambling our government wants is through Schwab, Firstrade, and other online brokers!

Is this Chris J or Chris B??? I have lost two Chris' to the Pacific Northwest! I hope all is going well no matter which "Chris" you are.

Chris said...

Chris J.

And things are going fairly well. It's a lot more expensive to live out here but the climate is a lot nicer.