Wednesday, August 28, 2013

Gambling Our Way To Prosperity

Atlantic City should be a nice place. Not just a nice place to visit, but a nice place to live. It has a decent enough beach and boardwalk, and the potential to be a nice year-round city. But they hitched their fortune to casinos, which whatever their merits otherwise, they do everything they can to keep people inside the buildings. Also, too, lots of parking lots. Those things kinda work against it being a nice little city.

The thing about gambling is that its allure is there in part because it's a bit of a forbidden fruit. You can't gamble just anywhere! Except now you increasingly can. Suddenly it isn't so sexy anymore, just an expensive way to waste a day. Hope Christie feels good about those Revel tax credits. There's a business that involves essentially taking money from people, and they needed a $261 million subsidy.

But, hey, a blah person once bought a t-bone with some food stamps.