Quote:
Originally Posted by Tesladom
Oh they will 6 shuttles a day to and from every senior's home in Eastern Ontario. Who needs to leave an inheritance to those kids?? Government (and private sector operators) wants their $$$
Every dollar spent in Gambling is a dollar wasted in the economy, if we could divert all that gambling money into the general economy, it would have such a positive impact on our GDP (and taxes - even after factoring the OLG loss)
... but that's another discussion, gotta feed people's vices (and greed and dreams etc...)
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You aren't wrong. I wouldn't be surprised if Ontario alone brings in billions in revenue monthly (if you factor in alcohol, tobacco, cannabis, lotteries, taxes, etc), and yet nobody seems to know where it all goes.
I recall several years ago listening to a woman who called into the Lowell Green show on CFRA, and she presented a realistic hypothetical idea she had about this. She said to imagine the Max Millions/Lottomax had a $30 million dollar main prize. She said that there was a high likelihood that OLG sells $300+ million in tickets, just on that one draw alone. So when you subtract the payout, that leaves OLG or whomeve with $270 million. Then she asked where exactly does that $270 million go? Certainly not the hospitals, which are all turning into private corporations over time that are perpetually broke, or close to it. She added that its obviously not going into roads/grounds or other public infrastructure (at least not much, since there is always funds being funneled from multiple sources, like there isn't enough available at the provincial or municipal level), seeing as the roads, sidewalks, and public recreation facilities are always in a state of dis-reapair. Then she went on to talk about how that's considering OLG revenue only, imagine the tax revenue from fuel, booze, tobacco cannabis on top of that....probably in the billions, monthly.
Makes you wonder...
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