|
|
|
|
|
by datavirtue
1206 days ago
|
|
Yeah, but you only spent $10. The investors aren't going to stand for that crap when all these other companies are scamming their way to thousands. $10 or $4000 in revenue...take your pick. Gambling needs defined and outlawed in every way possible. The recent supreme court ruling that released the sports gambling hounds has me gobsmacked with absolute disbelief. |
|
From a legal standpoint, why is it a qualified use of government paternalism to outlaw gambling? We should not be asking the government to set laws based on morality.
Practically speaking, and apologies in advance for how obvious this argument is…when you ban gambling, it doesn’t disappear, it simply goes underground. Criminal actors benefit while the state is unable to enforce any protections or see any recompense. Moreover, it’s unclear what brightline exists between “gambling” and a ton of economic decisions. If I buy a plot of land because I think it might have oil, is that gambling? When I lock in an insurance policy, is that gambling?
I get it’s popular to immediately call for government enforcement whenever you experience personal moral outrage, but the real world contains far more nuance. Making gambling and some of its “sinful” corollaries like drug use illegal has never solved the problem, and has exacerbated it for the worst off.