In response to:

Ban This! Ban That! Ban This and That!

terry93 Wrote: Feb 08, 2013 12:16 AM
John, Little poverty-stricken Antigua passed a law to regulate legal internet gambling as a major industry. They hired a career Treasury Dept lawyer to write their laws to exclude any possibility of fraud or money laundering. They made the best statutory regime that money could buy. Meanwhile NYS Atty General Eliot Spitzer put out a decree that no bank with a NYS branch could send funds overseas by Visa, MasterCard, DiscoverCard, or AmEX for the purpose of "gaming." A direct veto over the plans and policy of a sovereign foreign nation, a strong ally of America. Without blinking an Eye, NYS at the time operated the biggest Offtrack Betting racket West of Ireland. Did THEY accept credit cards? No matter the federal Wire Act forbi

I like to bet on sports. Having a stake in the game, even if it's just five bucks, makes it more exciting. I also like playing poker. "Unacceptable!" say politicians in much of America. "Gambling sometimes leads to 'addiction,' destitute families!"

Well, it can.

So politicians ban it. It's why we no longer see a poker game in the back of bars. Half the states even ban poker between friends -- though they rarely enforce that.

After banning things, politicians' second favorite activity is granting special privileges to a few people who do those same things -- so big casinos flourish, and most...