[Jack Simth]

Originally posted by Joachim:
Ditto in Oz, I remeber the debate about internet gambling, some archaic pollies calling for its banning . Any one with half a brain saying that it is pointless 'cause they will go offshore - much better to allow it and tax and regulate it.
Of course if you could ban gambling world wide that might be a good thing as it is a tax on stupidity - then again if you *really* think you can beat the odds - heh go for it.

Anyone who gambles for profit without being the house is an idiot, granted. However, for those who gamble properly, a loss is expected - gambling takes on the role of entertainment, where a loss of money is reasonable, not something done for profit. For that portion of the population, gambling is not a stupidity tax. For the rest of the population, however....