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Even if you accept those figures (and the report itself says they are underestimates), in what other industry do we allow 10% of your topline revenue to directl
by beejiu 2y ago
Even if you accept those figures (and the report itself says they are underestimates), in what other industry do we allow 10% of your topline revenue to directly result in suicide and depression?
- giantg2 2y agoAlcohol? Probably others.
- echoangle 2y agoNot suicide and depression but the tobacco industry is probably similar. I wouldn’t go as far as claiming 10% but sugar is probably not very healthy for society either. And I’m not even saying that gambling is fine or should be supported, I was just sceptical of the claim that the damages exceed the income.
- Retric 2y agoI think a more compelling argument is damages exceed the profit even if they don’t exceed the gross revenue. It’s one of those things where yes people are forking over 14 billion per year, but that’s because they have 14 billion which would otherwise be spent on something else. Even just VAT on 14 billion gets close to the total tax revenue from UK gambling especially when you include other economic losses. So where’s the benefit?