Ban it or tax it?
Friday, March 21, 2003

Congress Wants to Regulate Web Wagering

Legalizing online gambling for Americans with restrictions similar to those imposed on land-based casinos would have enormous implications for the gambling industry. It is estimated that as much as 60 percent of all offshore gambling dollars come from Americans and a U.S. seal of approval would almost assuredly bring the major commercial casino operators into the online game.

Why are we sending these revenues out of America? Because gambling is bad. Evil in fact. We deliver millions of dollars every day to companies outside the US because "unlicensed gambling lures minors and young adults, particularly college students armed with credit cards, into a potentially dangerous vice; sinks the hooks of addiction even deeper into compulsive gamblers who are willing to bet baby's new shoes on virtual craps; and serves as a conduit for organized crime to launder dirty money."

Instead of legalizing and taxing - always a good way to deal with vice - Congress wants to attempt to ban online gambling. You know, like they want to ban file-trading.

This is going to be great.

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