Horseshoes or Homeroom in PA?

[joeydb]

Governor Tom Corbett is supposed to address increasing spending on education in Pennsylvania today. I hope he doesn't tie his remarks to the proposed raiding of the horse racing revenue or this could get a lot more dire in a hurry.

[joeydb]

This lunacy has also spread to Forbes:

http://www.forbes.com/sites/taxanaly...s-or-children/

[GenuineRisk]

Originally Posted by joeydb

This lunacy has also spread to Forbes:

http://www.forbes.com/sites/taxanaly...s-or-children/

In all fairness to the Forbes OpEd, it seems to be saying that taking the casino money earmarked for the track will not solve the state's education funding issues. Unfortunately, there's the rest of the article to wade through to get there, where the writer displays a willful ignorance for how racing works. My favorite:

Pennsylvania takes 12 percent of its casino slot revenue and gives it to the horse track owners. The owners, in turn, use it to enhance the prize money to lure bettors.

Say what now?

[Calzone Lord]

Originally Posted by GenuineRisk

Unfortunately, there's the rest of the article to wade through to get there, where the writer displays a willful ignorance for how racing works. My favorite:

Say what now?

Absolutely. This line below is hilarious!

The state takes money from gray haired ladies pumping their dead husbands’ pensions into the slots and gives it to cigar-chewing guys escaping their nagging wives by playing the ponies.

This writer actually thinks the slots money in PA is going to benefit the horse bettors!?

I guess, if you're a writer at Forbes who knows nothing about horse racing, that would be a sound conclusion to make.

However, that is so far from reality it's comical.

Slots money NEVER, in any way, anywhere, does any good for the "cigar-chewing guys escaping their nagging wives by playing the ponies."

Be it Pennsylvania, New York, or anywhere else...not a dime of slots revenue ever goes to the bettor. It's simply welfare money for horsemen, and a huge handout to suit-and-tie wearing folks who work for racetracks.

[Danzig]

wow, forbes has a low opinion of wives and widows.