Comment by rimbo789
4 days ago
The legalization and expansion of gambling was a massive mistake and should be undone as soon as possible.
4 days ago
The legalization and expansion of gambling was a massive mistake and should be undone as soon as possible.
Indeed. I seem to recall reading that among all addictions, gambling addiction had the highest suicide rate. I haven't been able to find a good source on that lamentably, but it seems plausible to me in the sense that many other addictions (alcohol, sex, heroin, etc.) have some sort of end-point built in at which you stop, and typically have only harmed yourself.
With gambling you can gamble away your kid's college savings, or the retirement savings for you and your spouse. Seems that you can wreak havoc beyond yourself even more so than with other types of addiction.
More than end-point, it's about harm throttling. Cigarettes will kill you, but there's only so many cigarettes you can smoke per day.
Limit gambling to symbolic amounts (maybe a monthly limit of the minimum salary in that country), and see how it goes.
You might even have gambling companies lobbying to increase the minimum salary!
How do you define "gambling" though - the YouTube ads I see for crypto trading apps and outright betting apps look very similar. Mind you I don't gamble or "invest" in crypto...
One thing the UK did was to ban gambling companies from accepting credit cards.
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