Wednesday, November 11, 2009

Well gamblers in Detroit do. Turns out that casinos in the Wolverine State are doing quite well in the economy. First, I have to admit that I had no idea that Michigan had casinos. Second, it seems counterintuitive. You would think that during a recession people would penny-pinch. In reality, people that might be a bit down on their luck are more inclined to look for a big, quick, easy payday. Third, casino gambling has some benefits - an estimated $189 million in taxes from casinos went to the City of Detroit. You can do a lot of good with that money, but you wonder if that money is less productive with the government than if people simply paid off debts instead. Then again, it's free choice. C'est la vie.

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