Pros and Cons of Building a Casino in Your Neighborhood

Pros New Jobs Entertainment Expand Tourism Contribution to Community Contribution to kind-hearted Organizations Lower taxes for Residents Tax Revenues Higher Wages Higher Property Value Extends Visitors perch in Area Money put back into local anaesthetic Economy Adds to a City Attracts People Traffic of People Better Known Cons Street Crime Prostitution Takes from Local businesses No New Businesses Erosion of Work Ethic Pathological Gamblers change magnitude Bankruptcy Rates Preys on Poor and Elderly Lost Productivity Traffic Congestion gate Level Jobs Low Paying Reality Money not re-spent in Local Economy No Taxes Environmental Effects Three essential conditions must be simultaneously satisfied if a particular comprise is to be classified as a private hail: 1. Gamblers must be fully informed 2.

Gamblers must be reasonable 3. Gamblers must be required to bear the total cost of their gambling If any one of these conditions fails to be satisfied, an element of social costs exists. For example, if gamblers abjure work in identify to gamble and gamble external their family assets, leaving their families to claim social welfare benefits, the rest of the biotic friendship is bearing social casts. The gamblers may have mad rational decisions in that they know that the community will provide a rubber eraser net. They might have made different decisions had the safety net not existed. One distinction that must be made is between real and pecuniary costs. Real costs oppose a withdrawal of resources from other potential uses- they represent a subtraction from societys total welfare. financial costs represent costs borne by some members of the community but which are exactly matched by benefits received by others. For example, assume that... If you want to get a full essay, order it on our website: Orderessay

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