the US just indicted 3 companies and 6 people for bank fraud in connection with running internet poker sites in the US. they are all offshore and no one has been arrested.
the market in the US is 5 billion, worldwide it is $30 billion
they are probably guilty. but that is maybe not the point. we live in a global, internet world. gaming is legal and taxed when land based. lets do the same with the internet.
these companies would submit to taxation in exchange for not being subject to arrest. if we taxed them at 20%, thats $1 billion a year. not much with a trillion dollar deficit but its a start. if we legalize, the market probably increases by 4 times; this will probably cannibalize land based casinos but they can buy into the internet market.
this is much easier than figuring out what to do in libya. Qaddafi is dropping cluster bombs on civilians, so chicken shit obama handing it off to NATO is working just fine
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Good idea. Then when members of the House and Senate are playing games on line during legislative sessions, they will at least be contributing to the reduction of the deficit. The art of reading tells will be lost and the income of call girls reduced by a greater shift to virtual gaming, but this may be offset by the advent of avatars.
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