The Difference between Online Gambling and Online Trading.
December 1st, 2007Who's the Bad Guy?
As the US Illegal Internet Gambling Act is broadcasting the news with stories of money and the WWW, men wonder what the actual difference between online gaming and internet commerce is.
Imagine two people hanging in their agencies both of them risk their money on Internet, while one of them is breaking the legislative norms, at the same time the other one is not. One of these businessmen is a day dealer, and with no respect to how you take that fact, that man is risking his money for the chance to get back more money. It seems to me that both men are using the Internet for one and the same reason. On the other hand, the person gambling online is at present participating in a dishonest industry. Why illegitimate? For the reason that Government of the USA doesn't get a single cent of the revenues from the the army of online gamblers. The Government only gets tax money from the day online trader.
Every day residents of America lose immense sums of money on dealing with security papers, that are not located in Wall Street business centers, but from their sitting rooms. Those normal people are not high-class stock brokers, and they do not obtain any license - in spite of all this they have no legal barriers to risk their funds and get immense profits.
As a matter of fact, the one single actual differing feature between day trading and online gambling is the the scale of investments the US Government receives from the businesses: E-commerce = lots of money; Gambling on Internet = not a cent and lots of new casino bonuses for gamblers. It is said that the US Congress passed the anti-online gambling ban exactly for the abovementioned reason that the country is loose all the possible profits daily.
The US Government says that banned online gambling to set American people free from a risky activity - one that can addict playersruin families by causing gambling-addicts go bankrupt. However this will not affect the unlicensed traders, who are free to go on and trade capital issues, which are not on internet. Perhaps no one would remember today the reason, why large buildings have windows that can not be pulled up or opened: it was made on purpose not to let all the traders from plummeting to their death after they have lost all their money!
Traders generally receive advice from a third party, and sometimes they simply guess at random. In the past many people were investing and making a fortune, until the bubble burst and so many people lost everything they had and were left with just a pile of debts.
If online gamers are famous for something, it's taking an interest in what they do. It seems like nobody gambles online on a consistent basis without learning the rules of the games they play, the strategies, the statistics and the art of gambling. As online players improve their skills, they play via others at a harder level in online casinos, but no beginner is forced to play poker with professionals.
There are real people today are making their living on online gambling. Amateur players earn up to $10,000 monthly, and while still they do not form the major part, they are the ace of aces. All of these professionals are now officially out of work because of the new online gambling ban, and negative casino review in the web. And gambling professionals aren't the only ones suffering. A lot of people around the world are losing their jobs due to cutbacks in the online gambling industry.
If the US Government is willing to save Americans from loosing millions, so why do they now let the legalized form of gambling called e-commerce ruin the lives of regular people?
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