'Fleecing' of the POOR to Subsidize Falling Tax Revenues

Well, the continued disintegration of the moral fiber of this Once Great Christian Country (OGCC) races along at a very rapid pace. In fact so quickly are the constraints - against congenital evil and the exploitation of the innate stupidity of the average citizen - falling that prior generations of Americans would NOT recognize this country today, let alone in the very next few years.

And here is another example that has been necessitated by the collapsing revenue base of the 50 States and the exploding needs for human services that are now so desperately needed in this country, because the middle classes are rapidly shrinking in the aftermath of the onrushing Tsunami Super “Kondratieff” Long-Wave that hit the US and the world in 2007-08, which wave is JUST the first of three waves!

The “Kondratieff” Long-Waves are covered in great detail in Polestar’s inaugural Market Review and in our 1^st Qtr 2012 update.

The following quote on the transformation of America into a Third World Nation is from our Blog on this subject on December, 8^th and it needs no edits:

“…Another of the primary forces (in addition to that of collapsing RE prices noted in the prior Blog), that will unleash the above noted ills, is the now wide spread acceptance and promulgation of GAMBLING by our State Governments, almost all of which are in dire financial straits. 

And as Mark Twain noted almost 140 years ago ubiquitous ‘numbers’ runners and venders and rampant prostitution are the two most salient features of a decadent and poverty stricken and broken country.  The ‘Numbers’ games of 19^th century were verisimilar in concept to the modern day computerized Lottery, except that the ‘numbers’ of the late 19^th century offered much higher odds of a ticket buyer actually winning something than does the modern day Lotto.

The United States, as noted in the footnote to this Blog, is well on its way to the ‘state of perdition’ observed by Mark Twain in those extremely poverty stricken states of the 19^th century.  His comments are doubly ironic since Twain made his mark as a great author of and commentator on the uniquely powerful elements of a Once Great Christian Country (OGCC) - the United States of America.. . “

With the evisceration of the manufacturing base of America and the viciously conspired elimination of 15,000,000 to 25,000,000 jobs in that sector over the last 39 years and the out-sourcing and off-shoring of more and more support jobs, many changes in America are ahead of us that will be increasingly emergent and widely visible as the former American ‘middle class’ sinks into poverty. 

One very obvious societal ill of the poorest countries, as noted by Mark Twain 140 years ago, was the ubiquitous forms of gambling, especially the ‘Numbers’ games in the poorest Nations of the latter half of the 19^th Century.  As he reported back then, the poorest of ALL ages have always resorted to Lady Luck, magic or astrology when attempting to affect their dismal fortunes and futures.  Now you can witness this phenomenon exploding in ALL the poorer neighborhoods in this OGCC, because the gambling phenomenon is the only hope for today’s poor in America, see our Blog of November 30^th .

As the middle class continually shrinks, the formerly huge retail markets in the United States of America will be forever altered, and eventually ‘disappeared’ leaving an enormous destitute bottom 90% and a wealthy top 9% and a Super-Wealthy 1% that can easily afford the $110,000,000 penthouse that just went on sale today in Manhattan!

The following article most clearly reveals that the 50 States of this OGCC are getting prepared for these inevitable shifts in demographics, which will force them to compensate for the continual collapse of their tax receipts that they, quite obviously, do foresee long into the future.

Are you and your company getting ready for these societal and cultural changes that will inevitably alter the market for your company’s products or services?

States Seek Internet Lottery Jackpots After U.S. Legal Ruling

Bloomberg: By Freeman Klopott - Dec 30, 2011 12:00 AM ET

“Buying a lottery ticket may soon be no more difficult than clicking a computer mouse, and U.S. states grappling with budget deficits are seeking to cash in.

. . . In New York, that may mean selling so-called virtual tickets on mobile phones or computers. . . . “All state lotteries are looking at how we can expand our base and sell tickets,” said Andi Brancato, a spokeswoman for the Michigan (STOMI1) Lottery. …Online tickets may bring much-needed revenue to states facing a collective $31.9 billion budget gap in the next fiscal year, according to a report by the National Conference of State Legislatures in Denver. In 2010, Americans spent more than $4 billion to gamble online, up from $2.4 billion in 2003, according to the American Gaming Association….

(As you read the following expose of “where they want to go” with this perniciously evil and morally destructive and unGodly pastime of Satan the Devil, does anyone question the appropriateness of this insanity?  There is obviously a well orchestrated move afoot, when these types of rulings - that will negatively affect every community  - are just unilaterally and blithely and cavalierly implemented by a National Administration that is supposedly working for the benefit of the ‘little guy.’

Remember, it is very nearly ONLY the poor, destitute and desperate ‘little guys and gals’ that will take advantage of this new channel to gamble away their money and their future, on a gambling format that offers ABSOLUTELY the worst odds known to man!)

 

The Justice Department said a 40-year-old federal law that prohibits wagering over telecommunication systems that cross state or national borders doesn’t bar states from using the Internet and outside processors to sell lottery tickets to their adult residents. The ruling came in a memo responding to requests for clarification of the statute from New York and Illinois.

Wire Act

The Wire Act “prohibits only the transmission of communications related to bets or wagers on sporting events or contests,” Assistant Attorney General Virginia Seitz, who heads the department’s Office of Legal Counsel, wrote in the Sept. 20 memo, which was released Dec. 23.

Lottery officials will now feel freer to set up online games and perhaps join other states on Internet sales, said Joseph Kelly, a professor of business law at Buffalo State College in New York and consultant for the gambling industry.

“It could be very important for the states,” Kelly said.

…Some states are also looking to expand traditional gambling. Massachusetts Governor Deval Patrick signed legislation Nov. 22 authorizing as many as three resort casinos. New York Governor Andrew Cuomo is pressing lawmakers to approve a constitutional amendment making Las Vegas-style casinos legal in the Empire State. Both governors are Democrats.

…

Internet sales could attract 300,000 to 500,000 new customers “who philosophically support the lottery but blow right past” ticket outlets at convenience stores, Jones said. That may create “hundreds of millions of dollars” in revenue, he said.

The real jackpot won’t be in ticket sales; it will be when states offer Internet poker and video slots online, Frank Fahrenkopf, president of the gaming association, a Washington, based group representing casinos.

“It’s now clear that not only can lotteries sell tickets online, but also games that look like slot machines and poker,” Fahrenkopf said in a telephone interview. “That’s where they want to go.”