Keeping it honest
Regulating the actions of consenting adults is an area where the Federal govt should not meddle. The headliner on WaPo today was not about the Mumbai attacks but rather a string of cheating on internet gambling sites. Nevermind the billions in tax revenue the US is losing, by not allowing internet gambling sites to properly operate in the US, alternative sites in foreign countries with little or no accountability for privacy and truthfulness are the natural outcome. In the cases against AbsolutePoker.com and UltimateBet.com, they refunded $1.6M and over $20M respectively only after receiving pressure from small groups of players. If these online entities operated in the US instead of Costa Rica they could have been properly investigated, sued and fined for fraud, negligence, etc. Bottomline, instead of protecting Americans from the moral hazards of gambling the SAFE Port Act of 2006 has made our citizens even more vulnerable to identity theft and fraud.
I’m not much of a gambler but I bet the govt response to this will be increased regulation and restrictions.
Category: Government
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[...] use, prostitution, gambling, etc have done little to prevent it and often have put the citizens at greater risk. We should let the govt focus on protecting our property and let neighbors, friends and charity [...]