3 ms·
"Money laundering paradise" is a bit much. There's problem with reporting about this topic where the narrative is more important than the facts. The text on the
by msie 8y ago
"Money laundering paradise" is a bit much. There's problem with reporting about this topic where the narrative is more important than the facts. The text on the page reads: "That money may be fuelling the city's housing crisis and opiate epidemic." I don't believe that tightening up money laundering at the casinos is going to solve the real estate problem or the opioid epidemic but that's what the reporters want you to believe or they believe it themselves.
- msie 8y agoFor clarification I am not against tightening up the situation at the casinos but I think we're fooling ourselves.
- woolvalley 8y agoIf you reduce the demand part of the curve, the price goes down. If people feel like they have a chance of a decent life, because housing is more affordable they are less likely to use opioids. There is a reason why the epidemic is in the poor areas of america.
- CryptoPunk 8y agoYou think people who cannot afford $1.5 million, but could afford $1 million homes, are doing opioids because home prices are out of their budget?
- vageli 8y ago> If you reduce the demand part of the curve, the price goes down. If people feel like they have a chance of a decent life, because housing is more affordable they are less likely to use opioids. There is a reason why the epidemic is in the poor areas of america. It's not just the poor areas of America that are suffering from opioid abuse. [0] [0]: https://www.nj.com/data/2018/04/nj_on_record_shattering_pace_for_drug_deaths_in_20.html https://www.nj.com/data/2018/04/nj_on_record_shattering_pace...