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Prohibition II: Good Grief - by George Will
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| Prohibition II: Good Grief - by George Will
- Click HERE to go to the original thread with graphics
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| Oz |
well done article IMO - Will is no fan of this Congress
Prohibition II: Good Grief
When government restricts Americans' choices, ostensibly for their own good, someone is going to profit from the paternalism.
By George F. Will
Newsweek
Oct. 23, 2006 issue - Perhaps Prohibition II is being launched because Prohibition I worked so well at getting rid of gin. Or maybe the point is to reassure social conservatives that Republicans remain resolved to purify Americans' behavior. Incorrigible cynics will say Prohibition II is being undertaken because someone stands to make money from interfering with other people making money.
For whatever reason, last Friday the president signed into law Prohibition II. You almost have to admire the government's plucky refusal to heed history's warnings about the probable futility of this adventure. This time the government is prohibiting Internet gambling by making it illegal for banks or credit-card companies to process payments to online gambling operations on a list the government will prepare.
Last year about 12 million Americans wagered $6 billion online. But after Congress, 32 minutes before adjourning, passed its ban, the stock of the largest online-gambling business, Gibraltar-based PartyGaming, which gets 85 percent of its $1 billion annual revenue from Americans, declined 58 percent in one day, wiping out about $5 billion in market value. The stock of a British company, World Gaming PLC, which gets about 95 percent of its revenue from Americans, plunged 88 percent. The industry, which has some 2,300 Web sites and did half of its business last year with Americans, has lost $8 billion in market value because of the new law. And you thought the 109th Congress did not accomplish anything.
http://www.msnbc.msn.com/id/15265338/site/newsweek/ |
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| FatesWebb |
| thats what they get for not briving, er I mean contributing to the politicians greed. |
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| Monster_Zero |
| "And I'm proud to be an American, where at least I know I'm free..." :ps: |
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| patcracker |
Fucking holy roller mother fucking assholes , the whole lot of them.........
:fu: |
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| Max-the-Silent |
| They're trying to save Bill Bennet from himself. |
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| muntz |
| u think there couldve been a way to tax the online stuff.... |
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| Oz |
Quote: Originally posted by muntz
u think there couldve been a way to tax the online stuff.... |
well you are supposed to report winnings and losses on your taxes - I know people that do that - so for what reason did they completely not do that or investigate how to? this whole thing stinks |
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| ihatecabbie |
| Vegas and Indian casino lobby. [/thread] |
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| Spanish.Sleaze |
| I love it when people who protect a scumbag like Mark Foley tell us what we can and can't do. |
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