Recent Comments
- John Polk said “I knew Charles when he was EVP of The Atlanta Chamber and I worked for ...” on Memories of Oklahoma City circa 1993
- John Polk said “Back in the mid-80's and early 90's, Cleveland was actually recognized as one of the ...” on Economic development in NEO: A view from the street-level
- John Polk said “Is there any way to substantiate Dimora's claim re: GCP and the PD, other than ...” on Cleveland’s new development dynamic?
- George Nemeth said “Like all glimmers of newness in CLE+ I expect this one to be crushed too” on Cleveland’s new development dynamic?
- Cleveland’s new development dynamic? | Brewed Fresh Daily said “[...] by Ohio voters, as gambling interests convert the Ohio constitution into a zoning ordinance. ...” on Ohio’s casino deal gets a bit more messy
- About BDP Comments
Meta
Ed Morrison · Ohio’s casino deal gets a bit more messy
June 18th, 2011
As Warren Buffet points out, gambling does not create wealth; it redistributes income.
The redistribution operates as a kind of reverse Social Security. Mostly, the money flows from people who can’t afford to lose it to people who don’t really need it or shouldn’t really have it: casino owners and government.
In Ohio, the redistribution game has gotten messier.
Last 5 posts by Ed Morrison
- Signing off - February 3rd, 2012
- "The current global development model is unsustainable" - February 1st, 2012
- Market opportunities for developing Chicago's green economy - January 29th, 2012
- Plain Dealer flubs its explanation for firing Tony Grossi - January 27th, 2012
- Linking and leveraging university assets to strengthen regional economies - January 27th, 2012
June 18th, 2011 at 9:23 am
[...] by Ohio voters, as gambling interests convert the Ohio constitution into a zoning ordinance. (That creates some other problems, but Tower City — the failed project that dominated Cleveland’s behind the screen [...]