When you buy into the stock market, you no more own the business then your pet dog. When you buy into the stock market you're taking a gamble that the businesses you purchased stock in will be successful and show growth that will make you money.

 

When you bet on sports, you're taking a gamble that the team you bet on will win and make you money.

 

What's the difference?

 

Totally different. All of life is a gamble, even crossing the street. When I buy stock, I'm buying a part of a company. If I get enough shares, I begin getting a say in management. Even more shares and I get a controlling interest. In other words, I do own the company. To what extent depends on the amount of shares I own.

Maybe they're just trying to protect the poor sap's wife and kids.

 

Usually the poor sap will find a way to lose all his $$ in some form or fashion. alcohol, drugs, bingo, etc.

 

We have the lottery, horse racing and bingo. I don't see the big deal about casinos. People have choices in life and they need to be responsible.

Jim doesn't care abut funding healthcare, he just wants to play poker. :lol:

 

Hey, if my little slice of the rake goes toward paying for some poor kid's asthma blaster, so be it.

Totally different. All of life is a gamble, even crossing the street. When I buy stock, I'm buying a part of a company. If I get enough shares, I begin getting a say in management. Even more shares and I get a controlling interest. In other words, I do own the company. To what extent depends on the amount of shares I own.

 

very true but how many stockholders can control a company. It takes MEGA $$$$. Most buy shares & are along for the RIDE!!! SO, MOST are taking an educated GUESS about which business will succeed and make them $$$.

 

OR THEY ARE GAMBLING!!!

Is there an up to date study of what casino gambling would actually bring into the state? How much would leave the state as profit to some out of state company? Would increased infrastruture and services be met and still leave a profit for the state? If Jim and Rocket want to gamble, that's fine. I just don't want to have to pay for it.

Hey, if my little slice of the rake goes toward paying for some poor kid's asthma blaster, so be it.

If you rake, then the kid doesn't get his blaster. :cry: :lol:

Can we all agree that daytrading is gambling?

If you rake, then the kid doesn't get his blaster. :cry: :lol:

The house always wins. Besides, Jim has to report that income (right? right...:devil:)

very true but how many stockholders can control a company. It takes MEGA $$$$. Most buy shares & are along for the RIDE!!! SO, MOST are taking an educated GUESS about which business will succeed and make them $$$.

 

OR THEY ARE GAMBLING!!!

 

As I said, what in life is not a gamble? That's an unfair comparison. Should we put up booths on street corners so we can bet for or against the pedestrians? It is a gamble after all.

If you rake, then the kid doesn't get his blaster. :cry: :lol:

Is there an up to date study of what casino gambling would actually bring into the state? How much would leave the state as profit to some out of state company? Would increased infrastruture and services be met and still leave a profit for the state? If Jim and Rocket want to gamble, that's fine. I just don't want to have to pay for it.

I would have to think that the law of diminishing returns would have to apply to states legalizing casinos. The states that legalized it earliest get the most benefit. Later states won't see the same return.

As I said, what in life is not a gamble? That's an unfair comparison. Should we put up booths on street corners so we can bet for or against the pedestrians? It is a gamble after all.

Except, that daytrading is so much closer to handicapping horse racing than just saying 'everything is a gamble.' I don't think it's a tough connection to make.

The people that are anti-casino, have you ever been to a casino? I think some of you have the impression that it’s just a place to throw little Johnny’s College fund away. It’s more than that. It usually consists of a large hotel, great comedy and musical acts. Some have a golf course or two. First class restaurants and nightclubs. Many have large convention and meeting centers. It’s not the dark, smoke filled room that is in old westerns. I go to Las Vegas around 4 times a year, a lot of the time I’m not there to gamble, just to enjoy the other attractions.

If you rake, then the kid doesn't get his blaster. :cry: :lol:

 

The "rake" is the percentage of each pot in a cash game the casino cuts in order to pay their employees and their taxes.

Except, that daytrading is so much closer to handicapping horse racing than just saying 'everything is a gamble.' I don't think it's a tough connection to make.

 

Daytrading is, in my opinion, a gamble. However, I thought we were discussing regular investments.

The people that are anti-casino, have you ever been to a casino? I think some of you have the impression that it’s just a place to throw little Johnny’s College fund away. It’s more than that. It usually consists of a large hotel, great comedy and musical acts. Some have a golf course or two. First class restaurants and nightclubs. Many have large convention and meeting centers. It’s not the dark, smoke filled room that is in old westerns. I go to Las Vegas around 4 times a year, a lot of the time I’m not there to gamble, just to enjoy the other attractions.

 

That does not describe the casinos I've been to in the surrounding states so I doubt that anything put in KY would be like Las Vegas either.