Saturday, May 15, 2010

Gambling: A Tragedy for the Nation

 

Gambling is a vice.  Period.

Nobody will disagree with the statement.  Every religion forbids it.  Even the atheists and the agnostics say it is what it is: a sin.

Gambling serves no other purpose than it recognises the sole virtue of Robin Hood, but in a much more sinister manner.  It transfers wealth from one party to another with zero net sum.

Gambling does not help the economy of a nation, for the very reason stated above:  it is a zero-sum game.  It robs one, often the poor,  in order order to enrich another, often the richer.  It does not stimulate the economy, does not bring new investments from abroad, much as it gets a significant portion of the society so tremendously excited.

 In fact, the economy may contract due to gambling, as resources supposed to be directed to the productive sector are sapped into financing the insatiable desire to dream wild dreams. Indeed gambling encourages the citizens of a nation to dream.  Dream to become instantly rich.  In the rare event that one becomes rich through gambling, the wealth would undoubtedly be unsustainable.  Vain, utterly vain dreams.

Gambling is an act of oppression.  That it exploits probability theory leads to robbing the poor, for they have restricted funds, so are restricted in their bettings, to pay the rich, for the latter can afford the bigger bets.

Furthermore, the operator of a gambling regime gets to dictate all the terms.  As in insurance, the operator never incurs loss, subsequently always retains the right to laugh his way to the bank.  In contrast to insurers, the gambling masters never incur risk; they manipulate risks directed to the clients.

It is the masses who stand to lose.  It is the hard-earned money of the masses that gets accummulated into huge sums from which are disbursed prizes, with yet much more reserved as the operator's own coffer.  The government then hopes to dig into this reserve to secure its share, in the name of 'sin tax'.  Shame on both.

Further darkening the whole thing, out of the masses, it is the wretched poor, unable to better their lives through any other means, who succumb to gambling.  'Maybe, just maybe, it is my luck today ...' one of them is bound to say.

That's the tragedy.

Family breaks down - when much-needed and so-scarce funds are being diverted to gambling - to serve the dreaming instinct of man.  Crime rate is bound to rise, as the same people feel they never seem to win, as they may want to vent their anger, or seek to self-compensate for losses.

What a road to take - leading to tragedies and horrors and crimes ...  One never can fathom the will of this government in leading the nation - down the sadistic path.

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