Wednesday, October 16, 2013

Say no to casinos in Long Island

Politicians in Nassau, Long Island (N.Y.) are advocating for the building of casinos to generate tax revenue. A good idea? I think not.

Let me use The Bahamas as an example. In the Bahamas, citizens are not allowed to frequent the casinos. Why? Because they would spend all their hard-earned money there. The whole point of a casino is to drive increased revenue -- notice I said "increased."

What do you think would happen if Bahamians all spent their weekly paychecks at the casino? The money would just go in a circle and there would be no growth.

That's the same thing that would happen in Long Island. We have plenty of casinos. We don't need anymore. Here's a better idea: Incentivize people to come up with their own ideas, to improve on ideas that already exist and to start businesses -- to build small factories, to build anything!

If New York approves the casinos in Long Island, we're just digging ourselves deeper in the "we don't make anything anymore" business model, and the money will just go in a circle in and out and there won't be any growth.

Instead of going in a circle, let's move the economy forward! Let's support people who come up with new ideas and stick with the casinos we've already got. We don't need anymore.

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