4 ms·
> Value has been created But not dollars, which is what you are using to classify gambling as negative-sum. > Many countries use value creation as an explici
by conanbatt 8y ago
> Value has been created
But not dollars, which is what you are using to classify gambling as negative-sum.
> Many countries use value creation as an explicit taxation model: https://en.wikipedia.org/wiki/Value-added_tax https://en.wikipedia.org/wiki/Value-added_tax
If the gobernment collected that tax but didnt spend or issued money, even VAT ends up capturing all the money supply.
This is an unnecessary long argumentation. Gambling is not negative sum because they provider entertainment that has utility.
- wpietri 8y agoThat is not in fact what I am using to classify gambling as negative-sum. It is also negative-sum in cash terms, but I'm speaking of value. I understand you are claiming the entertainment value outweighs the harm of exploitation and addiction. I strongly disagree.