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The DOJ “Liberated” Poker from the Market’s Tyranny

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  1. Dyzalot Dyzalot is offline

    Candia, NH
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    Apr 27th, 2011 (4/27/2011 6:56am)

     

    The first response of many folks to the Justice Department’s recent crackdown on online poker was, “Doesn’t the government have anything better to do?” I find this reaction puzzling. What could be a more essential function of the state than to undermine public confidence in the market?

    http://blog.mises.org/16621/the-doj-...rkets-tyranny/
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  2. 8wallace8 8wallace8 is offline

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    May 2nd, 2011 (5/2/2011 4:10am) in reply to Dyzalot

    GE getting a 3 billion tax refund after paying 0 taxes seem like a better case in my opinion. At least poker players payed taxes!

    Plus I doubt this helped my confidence in any market knowing that the DOJ can shut it down and seize accounts where my money is being held.
  3. Dyzalot Dyzalot is offline

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    May 2nd, 2011 (5/2/2011 7:47am) in reply to 8wallace8

     
    Originally Posted by 8wallace8 View Post

    GE getting a 3 billion tax refund after paying 0 taxes seem like a better case in my opinion. At least poker players payed taxes!

    Plus I doubt this helped my confidence in any market knowing that the DOJ can shut it down and seize accounts where my money is being held.

    So you agree with the article? I'm confused.
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  4. 8wallace8 8wallace8 is offline

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    May 3rd, 2011 (5/3/2011 12:28am) in reply to Dyzalot

    lol me too! I was high and didn't notice the link to the article and was just going on the brief statement quoted. But yes i completely agree hope the "poker community" recognizes that simple solutions are the answer to these types of problems. There already are laws in place that would protect online poker and there is no need for congress to regulate it. The customer and free market will hold companies accountable and the unreliable poker sites would get weeded out due to lack of confidence in there system. Representatives like Senator Frank are right when they say that citizens should have the freedom to spend their income on gambling , but his solutions to the problems are a JOKE!
    Edited By: 8wallace8 May 3rd, 2011 at 12:32 AM
  5. lds_avenger lds_avenger is offline

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    May 5th, 2011 (5/5/2011 4:42am) in reply to 8wallace8

    Oh were to begin. We can drink alcohol, which can be extremely addicting. We can watch pornography online, extremely addictive. We can sniff glue, eat fast food, drink mountain dew, smoke cigarettes, eat Twinkies, eat till we are too fat to move, and play X-Box live. All of these things can be addicting, just ask a "BLACK OPS" or "HALO" widow. But we can’t play online poker because it is addictive? Tell me I am wrong but isn’t there a level of hypocrisy here? We pay our taxes on all our winnings, we start and fund multiple charities, we contribute to our local communities, and a lot of other things. But we can’t play because playing online poker doesn’t contribute to “society”. But we can play, drink, eat, and smoke till we die? I don’t understand this at all. Time to stop the BS, un cage the tiger that is the poker industry, and regulate us for goodness sakes. Online poker would be safer with bars to keep underage children from playing and those who get too addicted help when they need it. But we can’t because it is immoral, doesn’t contribute to society, and is addicting? Really…. This is the United States of America; I didn’t go overseas to fight for this country so that our corrupt Congress can make their biased, personal views into law.
  6. Dyzalot Dyzalot is offline

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    May 5th, 2011 (5/5/2011 6:44am) in reply to lds_avenger

     

    Really…. This is the United States of America; I didn’t go overseas to fight for this country so that our corrupt Congress can make their biased, personal views into law.

    Sorry to burst your bubble but...
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  7. lds_avenger lds_avenger is offline

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    May 6th, 2011 (5/6/2011 11:53pm) in reply to Dyzalot

    Yea I know, tell me about it right. Luckily for me I am just a recreational player but someday wanted to go pro.
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