U.S. House to Vote on Anti-Online Gambling Act
SonicSpike writes to mention that the House is set to vote on an act designed to choke off the U.S. money flow to internet gambling. Though illegal here in the states, overseas operators are getting a good deal of business from individuals with U.S. bank accounts and credit cards. From the article: "The legislation would make it illegal for banks and credit card companies to make payments to these sites. It also allows law enforcement officials to force Internet service providers to remove links to the websites. Many major credit card companies already refuse to process such payments. Opponents of the bill, including online gambling sites and a new group representing U.S. poker players, noted the growing popularity of Internet gambling and predicted that people would continue to sidestep laws."
I guess they're just running true to form, though. They allow OTB and lotteries online, because they can tax those.
Disclaimer: I make my income through Internet gambling. However, even before that, I just never saw the problem. Why is it so demonized over there?
"The invisible and the non-existent look very much alike." -- Delos B. McKown
Don't know how it's in the US, but I don't wonder countries are against online gambling: not because of your health, or to prevent fraud, but because of all the money they'll lose their grip on.
molmod.com - computing tips from a molecular modeling
"The legislation would make it illegal for banks and credit card companies to make payments to these sites"
This will just cause the creation of middleman sites where you park funds with your credit cards and then they transfer the $$ to the online casino of your choice. Paypal would be a good candidate for this. If the govt get's on Paypal's case, then some offshore holding company will come along and for a 1-2% fee do this. The sad thing is that it will probably be owned by a casino and will drive the cost up another 1-2% just to get into a game.
Ninjas don't carry tic tacs
The power elite will impose whatever policy brings in more revenue for government. It's really that simple. Government is run as a business, and like any business, more revenue is always viewed as a good thing. The objective for the power elite is to maximize revenue and "market share" (control over the people), and that is exactly why every year there are thousands more laws on the books than the year before, and exactly why all governments tend to expand, and never reduce, their powers throughout their existence.
Take prohibition for example: sure, they could tax drugs and "allow" us our god-given right to voluntary association, but prohibition rakes in billions per year for government, and provides them with orders of magnitude more power than regulation and taxing, which can be leveraged for even more profit. Therefore, prohibition is here to stay, at least as long as big government is here to stay.
They will literally sit down and discuss how to maximize revenue and market share, like any business would, and the answer will be determined exactly that way. Don't you love being ruled by other human beings?
Which is where the idiocy begins. You can't tax something that's illegal. Well, you can, but not many people will fess up. Right now, with the betting going on overseas, the industry is pulling money out of the US economy and adding it to other country's economies. All taxes aside, the US economy is weakening because it is illegal to gamble online in the US, but not on servers outside the US.
IF the US were to legalize online gambling, and tariff the hell out of international gambling services, they could not only keep more of the money IN the US economy, but they could still tax the gamblers (capital gains) and the profits of the online casino.
Instead the government has created a situation where they are attempting to dictate morals to the majority aged citizens and are shipping our US dollars overseas for no good reason.
-Rick
"Most people in the U.S. wouldn't know they live in a tyrannical state if it walked up and grabbed their junk." - MyFirs
There are non-regulatory solutions to alot of these things. Find an insurance company that insists on helmets and seatbelts, and charges more to those who ride without them. You say that prostitution should be legal, but the johns might be with your health insurance company. Thats going to cost you too.
The fact is, both of these things are costing you right now. You pay for the cops who are rounding up and babysitting these "offenders". You pay for the courts that process them. You pay with your money, and with lost freedom and privacy. (After all, they have to watch everyone to catch the offenders - ie driving checkpoints and undercover cops).
We've got laws dictating every little aspect of our behaviour. And I'm convinced we're little better off than we would be if we let people make their own decisions and suffer the consequences for them.
"Opponents cited the growing popularity of online gambling." How is this relevant? Law making should not be about whether something is popular or not, but whether it's desirable or not. It's as though, when Moses came down from the mountain with his commandments, the thieves' guild had expressed opposition, noting the current popularity of theft - popularity wouldn't necessarily make it right.
Note, I'm not coming down for or against online gambling, just making the point that its popularity is a specious argument when it comes to legislation.
"'I pass the test,' she said. 'I will diminish, and go into the West, and remain Galadriel.'"
- JRR Tolkien.