casino VS economic depression
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i am sure someone from gahmen will come up and claim that the new casinos will end singapore economic depression
discuss
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I will buy him a kite
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Originally posted by ChiBet:
i am sure someone from gahmen will come up and claim that the new casinos will end singapore economic depression
discuss
just your pure guess.
No single industry can save any country ,
But the sum of all industries----toursim,manufacturing,finances,etc
can help.But no one will say can kick away recession.
But without any industry,we will worse.
LKY said--Casino is bad.But without it,we will worse.
Our wise forumers here just blast any poicy.
Is there any perfect policy?can u share here.
We shall not aim for good or perfect policy.
we shall aim for best policy,after balancing all pro and con!!
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Casino will only have a negative impact on the economy and society.
In a closed economy, with two persons gambing the whole day produces no economic goods, at the end of the day both will be starving to death.
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Originally posted by lionnoisy:
just your pure guess.
No single industry can save any country ,
But the sum of all industries----toursim,manufacturing,finances,etc
can help.But no one will say can kick away recession.
But without any industry,we will worse.
LKY said--Casino is bad.But without it,we will worse.
Our wise forumers here just blast any poicy.
Is there any perfect policy?can u share here.
We shall not aim for good or perfect policy.
we shall aim for best policy,after balancing all pro and con!!
there is no perfect policy, but so far, our government have been coming up with policies that are ineffective on key issues like birthrate, smoking, transportation and many more. LKY had made a grave mistake in the past concerning casinos and this only shows that our mighty one party government is not highly competent all the time. Other than condemning the government policies, we got nothing else better to say most of the time because we only have 2 seats in which we voice our oppinion and keep the one party ruler in check.
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tourism comes into play with IRs. Tis is not a closed economy.
transportation and smoking policies r pretty effective in singapore. Birthrate problem is pretty difficult to handle and many countries r facing tis problem as well
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"The jobs, the jobs, the jobs," chanted Governor Pataki last year after the signing of the Gambling Compact. Many people, listening to these words, felt optimistic. But, leaving social questions aside, what is the real impact of casinos on employment?
Casinos promise to create th ousands of jobs, but Professor John Kindt, a professor at University of Illinois, said, "The field research indicates that nationwide you stand to lose 1.5 jobs for every job the casinos create. In Chicago the field research indicated that 2 to 2.75 jobs would be lost if a land-based casino were built and that is why Governor Edgar vetoed the proposal." Kindt says of gambling in general, "...for every dollar legalized gambling interests indicate is contributed in taxes, it really costs the taxpayer $3.00 to address the increased socio-economic costs to society."
http://www.nocasinoerie.org/jobques.htm
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Estimates of the loss in productivity due to gambling were based on how many hours of work the gambler lost due to unemployment. The researchers chose to use this measure rather than attempt to estimate the loss of productivity on the job, which they thought involved too much subjectivity. The estimates for annual loss in productivity amounted to $1,400 for all gamblers and $1,330 for casino gamblers. Adding these estimates together provides a total employment cost estimate of $2,940 for all gamblers and $2,840 for casino gamblers. Bad debts were calculated by focusing on the debt burden of the problem gamblers in the study who were involved in bankruptcy court proceedings. These individuals had an average debt of $8,910. It was assumed that society lost half of these debts, with an annualized value of $1,490 for all gamblers and $2,130 for casino gamblers. Thompson et al. (1996a) note that these are very conservative estimates because they looked only at those who declared bankruptcy and accounted for only half of their debt. In reality, it is likely that many problem gamblers will ultimately pay little of their debts.
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The study was able to “cost out” a number of factors associated with problem gambling. The effects of gambling on employment, consisting of job change costs, unemployment, and productivity loss, were estimated at A$27.8 million annually.12 The largest component of this estimate was productivity loss, accounting for almost A$20 million, followed by A$5.2 million for job change and A$2.7 million for unemployment. The process used to arrive at the productivity loss estimate shows the care the researchers used as they developed their cost estimates. They looked at data from both the survey and the clinics to identify employment-related costs and the extent to which problem gamblers were affected. On the basis of these data, the productivity loss estimate was derived using an assumption that one hour per week was lost per problem gambler, an estimate of the number of problem gamblers affected, the average earnings earned, and the percentage of individuals in the workplace versus the home. The authors also were careful to underscore how sensitive the estimate is to the assumption regarding average time lost at work.
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the report u shows talk about problem gambling
It is true given tat all thing remain the same, opening up of casino increases the problem of gambling.
However we r already very open to gambling such as genting, cruise ship, geylang, 4D, toto and jackpot rooms all around singapore. The proble, of gambling r already here with or without casino
Otherwise, the casino will open up more revenue for the country especially on tourism.
Man... don't tell me u wanna start all over on the casino debate
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Sinkapore's doom day is right ahead!!!!
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Originally posted by Leeky:
Sinkapore's doom day is right ahead!!!!
Singapore will be the biggest gambling den in Asia.
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no lah,no match with Macau.80 % of its population are in the casino industry!!!
Do you want yr children 2 be in the casino industry in 2010? then good luck 2u & yr childern and their family!!!! / t
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Originally posted by Leeky:
no lah,no match with Macau.80 % of its population are in the casino industry!!!
Do you want yr children 2 be in the casino industry in 2010? then good luck 2u & yr childern and their family!!!! / t
Ask you a question since you are a Taiwanese now.If you want to visit a casino in Asia. Where would you go to?
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Aus, better odd than Macau and anywhere in the world!!!!
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Any where I m a PR now in sinkapore!!!!
best of the both world!!!
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Originally posted by Leeky:
Aus, better odd than Macau and anywhere in the world!!!!
Think Singapore wasted resources opening casion that's going to be a ghost town.Alot like the crazy horse, after 1-2 years close shop due to lack of patrons.
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Why don't u think tis way. If macau do not have casino, where do u think they stand ?
If IRs, if all things being equal, obviously there r more attractions to singapore and obviously tourism will rise.
And even if it not successful, it is the loss of the investors. Singapore do gain from the construction of the site. Crazy horse do lose money but it is the investor, not singapore
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Originally posted by stupidissmart:
Why don't u think tis way. If macau do not have casino, where do u think they stand ?
If IRs, if all things being equal, obviously there r more attractions to singapore and obviously tourism will rise.
Yes yes.Perhaps Singapore should become 100% casino industry.
Gambling is a negative sum game.
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Actually, we think this SG is very clever ?
To have an Universal Stuio foc!!! and Genting still has to pay 4 it!!!wat the stupid Genting? but wait first!!!! c who will have the last laugh!!!
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Gambling is a negative sum game
Why do u think almost all countries have some form of allowed gambling ?
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Originally posted by stupidissmart:
Why do u think almost all countries have some form of allowed gambling ?
Since you so smart.
Why don't you tell me?
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"Unless there is no way out, we will not let casino come into Sinkapore"
Sillyporean .be prepare ourself 4 the worst 2 come!!!!
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Originally posted by Leeky:
"Unless there is no way out, we will not let casino come into Sinkapore"
Sillyporean .be prepare ourself 4 the worst 2 come!!!!
CEOs want to make more money so open casinos.
This reminds me of a show last time, this boss employ coolies for laborious work.
Every pay day, he sets up gambling tables for these workers to gamble, at the end of the day he recovers all his salaries paid to the workers.
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Since you so smart.
Why don't you tell me?
Because there r always people who love to gamble.
This reminds me of a show last time, this boss employ coolies for laborious work.
Every pay day, he sets up gambling tables for these workers to gamble, at the end of the day he recovers all his salaries paid to the workers
The problem lies on the stupid workers. If they really wanna gamble, they can always go outside and lose money