82+ John Warren Kindt Quotes On Education, Bible And Law

John Warren Kindt is a professor at the University of Illinois College of Law. He is an expert in the field of economic regulation and compliance, and has written extensively on the topics of money laundering, economic sanctions, and corporate compliance. He is the author of the book Money Laundering: A Guide for Criminal Investigators. Following is our collection on famous quotes by John Warren Kindt on education, life, leadership.

Top 10 John Warren Kindt Quotes

1. Legalized gambling is the leading cause of bankruptcy
2. The gambling interests like to point to the construction jobs, but those jobs go away
3. Bankruptcies and addictions increase in areas with casinos
4. I would hate to see the state of Wisconsin make another mistake and locate another casino in a high-density population area
5. Crime goes up 10 percent due to the gambling by the third year after racinos or slot machines are open, and then it continues upward after that
6. 27 percent to 55 percent of casino revenues come from problem or pathological gamblers
7. The ABCs of legalized gambling - addictions, bankruptcies and crime
8. Utah sells itself to Fortune 500 companies as a noncasino state where employers don't have to be concerned about absenteeism and other problems associated with gambling
9. A study in Illinois in the mid-1990s found that 65 percent of businesses were hurt by the proximity of gambling
10. Taxpayers would likely be responsible for treating addicts

John Warren Kindt Short Quotes

• Bankruptcies increase 18 percent to 42 percent above the national average
• One to 2 percent of the population becomes addicted gamblers
• If the government wants to stimulate the economy, it should outlaw gambling
• Local competing businesses were thereby losing revenue.
• It becomes a cannibalization of your pre-existing economy
• It's lose, lose for the taxpayer
• We beat the Great Depression without lotteries and legalized gambling
• Actually, they should just roll it all back get rid of gambling...It destabilizes the U.S. economy
• Bankruptcies will be up 18 to 42 percent around racinos areas tracks as people lose their money
• Your addiction rate will go up if you have gambling in this area

John Warren Kindt Quotes About Economics

There would be economic disruption in Omaha from expanded gambling...You would just be moving Chernobyl closer to the population center — John Warren Kindt

Gambling is a catalyst for economic downturn — John Warren Kindt

In permitting gambling enterprises to flourish in the United States and abroad, the United States undermines global socio-economic stability in contravention of its international obligations — John Warren Kindt

If gambling were banned, those social costs would drop, tax revenues from consumer goods would increase, and money would be pumped into the productive economic sector — John Warren Kindt

While advocates of legalized gambling say it brings in revenues needed for education and other uses, it actually has led to higher taxes, loss of jobs, economic disruption of non-gambling businesses, increased crime and higher social-welfare costs — John Warren Kindt

While gambling addiction can be a social justice reason for some to ban gambling, the economic evidence suggests that the social and economic costs of gambling are $3 to the taxpayers for every $1 in benefits — John Warren Kindt

The socio-economic impact of gambling addiction is comparable to drug and alcohol addiction — John Warren Kindt

Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits — John Warren Kindt

It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas — John Warren Kindt

State-sponsored gambling produces no product, no new wealth, and so it makes no genuine contribution to economic development — John Warren Kindt

John Warren Kindt Famous Quotes And Sayings

For every dollar of revenue generated by gambling, taxpayers must pay at least $3 in increased criminal justice costs, social welfare expenses, high regulatory costs, and increased infrastructure expenditures — John Warren Kindt

In 1993, 40 percent of Minnesota restaurateurs reported declines attributed to casinos — John Warren Kindt

The real loss by gambling is $180,000 to the consumer economy for each slot machine — John Warren Kindt

A shrinking economy means lost sales and lost jobs — John Warren Kindt

The faster the gambling activity, the more highly addictive it is; and the more addictive the gambling activity is, the more revenue it will generate for the industry — John Warren Kindt

The military should get rid of video gambling devices on nearly 100 overseas bases and posts — John Warren Kindt

Gambling is being subsidized by the taxpayers — John Warren Kindt

The gambling industry has a tendency to find public figures ... and these persons are used for their public image. These people generally come in for a couple of years and then they sell out and it's 100 percent owned by out-of-state interests — John Warren Kindt

Lotteries boost state revenues in the short run but don't feed the economy in the long run — John Warren Kindt

Then they're like addicts; they can't help themselves... They will steal, cheat, embezzle and commit other crimes just to get money to gamble — John Warren Kindt

What we really need is a federal intervention plan, which calls for a moratorium on gambling in the U.S. — John Warren Kindt

Gamblers spend 10 percent less on food; 25 percent less on clothing and 35 percent less on savings — John Warren Kindt

An Osage tribal study found that between $41 million to $50 million left a 50-mile radius around their own casino — John Warren Kindt

Any legislator who says he doesn't see the downside hasn't done his homework — John Warren Kindt

Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance those — John Warren Kindt

And as far as jobs go, for every one job that the casino creates, one is lost in the 35-mile feeder market — John Warren Kindt

Besides creating more compulsive gamblers, money spent on lotteries isn't spent on other goods such as clothing or computers, which would trickle through to retailers, manufacturers and other parts of the economy — John Warren Kindt

You bring in gambling into a major population base, and the more people you have going into a casino, the more people you have hooked on gambling — John Warren Kindt

My bottom line is this is no time to be gambling with our economy — John Warren Kindt

The lightning spread of 'Western-style' gambling overseas has increased the problems of addicted and problem gamblers, organized crime and alleged corruption in Asia and the Middle East — John Warren Kindt

For every slot machine you add, you lose one job per year from the consumer economy — John Warren Kindt

The common mistake that business people make is they're going to get drive-by business...Only gas stations are helped — John Warren Kindt

No reputable economist anywhere believes it's gambling an economic tool — John Warren Kindt

Gambling addicts usually lose their focus at work and problem military gambling poses a national security threat — John Warren Kindt

Casinos don't bring business except for the gambling boys — John Warren Kindt

Another threat to stability is the rise of Internet gambling — John Warren Kindt

When governments legalize and encourage gambling, they are creating addictions among their citizens — John Warren Kindt

Generally, traditional businesses were slow to recognize the way in which legalized gambling captured dollars from across the entire spectrum of the various consumer markets, but now they know — John Warren Kindt

Studies in Australia have verified this drain on the economy by video gambling machines — John Warren Kindt

Movies and Disney World don't create addicts — John Warren Kindt

Gambling drains the economy by taking money away from grocery stores and retail businesses and putting it in the hands of an industry that produces no product — John Warren Kindt

Clothing sales plummet, rent delinquencies mount and even grocery sales shrink as gamblers, having tapped out their entertainment budgets, dip into dollars set aside for necessities — John Warren Kindt

A 1999 report by a bipartisan federal panel on gambling concluded the United States should put a hold on further casinos until it is clear what the impact is on America — John Warren Kindt

Therefore 5,000 new video gambling machines costs the economy 5,000 lost jobs each year — John Warren Kindt

For every three machines, you lose two jobs out of the surrounding economy because people are dumping their money on gambling — John Warren Kindt

This is an industry that generates addicted gamblers and they are desperate to get money — John Warren Kindt

Thirty-seven percent of gamblers dip into their savings to fulfill their habit — John Warren Kindt

Gambling is a bad deal for taxpayers — John Warren Kindt

Although crime and corruption decreases within a one-mile radius of a casino, it increases 10 percent within a 35-mile radius by the third year the casino is open. — John Warren Kindt

People will spend a tremendous amount of money in casinos, money they normally would spend on refrigerators or a new car. Local businesses will suffer because they'll lose consumer dollars to casinos. — John Warren Kindt

In convenience gambling scenarios, discretionary spending and nondiscretionary addicted gambling dollars were transferred from other forms of consumer expenditures — John Warren Kindt

The social costs, and the increased tax costs due to addicted gamblers, stay behind — John Warren Kindt

The smartest thing legislatures can do is get rid of lotteries and get those dollars buying consumer goods and get the sales tax revenues from that — John Warren Kindt

It's time to wipe the slate clean, recriminalize gambling, just like we did in this country 100 years ago — John Warren Kindt

Every video [slot] gambling machine takes $60,000 out of the consumer economy — John Warren Kindt

Your social costs, your costs to the taxpayers, are $3 for every $1 of benefits, it's not good economic development — John Warren Kindt

Legalized gambling cost taxpayers $3 for every $1 in state revenue to government — John Warren Kindt

If you want your 401k to come back, recriminalize gambling — John Warren Kindt

The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas — John Warren Kindt

When the money is not spent on cars and refrigerators and is instead dropped into a slot machine, it leaves the economy — John Warren Kindt

Sociologists almost uniformly report that increased gambling activities, which are promoted as sociologically 'acceptable' and which are made 'accessible' to larger numbers of people will increase the number of pathological gamblers — John Warren Kindt

$60,000 spent in a consumer economy multiplies by respending into $180,000 — John Warren Kindt

Life Lessons by John Warren Kindt

1. John Warren Kindt's work emphasizes the importance of understanding the economic and legal implications of business decisions.
2. He encourages companies to take a proactive approach to managing risk, rather than waiting for regulations to be imposed.
3. He also stresses the need for businesses to be aware of the potential for fraud and other criminal activities, and to take appropriate steps to protect themselves.