As if the Hamilton County debacle of raising sales taxes to pay for $700 million in stadiums was not enough, now comes the encore. A casino that will not only fill a hole in an under-utilized stretch of land, but one that will also put a hole in the pockets and hearts of many unsuspecting citizens. If history is our guide, that hole will manifest in crime, substance abuse, marriage collapses, bankruptcies, etc.
Once again, black folks trumpeted the casino in the same way that some did the Hamilton County Stadium Sales Tax. Quite frankly, it's the culture of a city where citizens will support virtually anything to "get along". In that respect, there is little difference between the corner drug- slinger and organizational talking heads who leverages position to promote things harmful to the financial stability of vulnerable people in exchange for a piece of the economic pie.
As the stadiums were sold on a pipe-dream so was the casino. Namely, proponents of the Ohio referendum that legalized casino gambling projected these venues would will generate huge tax revenues, bring home to Ohio gambling dollars lost to other states e.g., MI,IN,KY. All upside economic benefits similar to the claims.
Ohioans have been down this road before. The Ohio Lottery was to do so much for our state's economy. And the schools would just be rolling in greenbacks because of this legalized gambling windfall. And yet, Cincinnati is in financial desperate straits, constantly seeking new schemes to establish fee-based services. Hamilton County County is broke. And the State is broke. Taxpayers have been forking out more and more dollars for school levies - both capital and operating. Property taxes have gone up. Services have been cut. But black, poor whites, and other vulnerable groups flood lottery ticket retailers across the region in hopes for cashing out large.
Citizens soon forget that gambling is predicated on the winners and losers - and typically the big losers are the most vulnerable. Casinos become an indirect tax. The economic impact jargon neglects the fact that casino activity trades one spending decision for another - which does not translate into new economic activity. The social costs are enormous. There are myriad direct reasons why casinos are terrible. And just like the availability of studies that demonstrate taxpayer-funded stadiums are bad deals when groups like a local black ministers conference supported sales tax ballot initiative, studies were available that articulate the dark side of legalized gambling when groups like the Cincinnati NAACP supported it.
Interested readers can search the Internet for a Broorkings Institute report on this topic entitled "The Economic Winners and Losers of Legalized Gambling".