Topic: Could Gambling Legalization be a positive thing for Brazil? - page 2. (Read 357 times)

It's actually a good thing and sad to hear that they're having hard time to buy their own hardware wallets. But they have an option to just download some wallet apps that still allows them to hold their private keys. While they're saving for a hardware wallet, they can do alternatives that they can.
As for the gambling industry in Brazil, any source of taxation that's legal, it's always for the good of their country.

The fact is that if the Brazilian government prohibits gambling, gamblers in Brazil can still gamble. One of them is like you said gamblers can use
a VPN to access gambling sites, I did the same because in my country gambling is prohibited. It's even possible that in Brazil there are some
illegal casinos that have been around for a long time, and we know the velocity of money in the gambling industry is huge. So it would be better
if the Brazilian government legalized gambling, so that at least the Brazilian government gets a large tax revenue from  the gambling industry.
So the Brazilian government has the money to work on government projects that benefit the Brazilian people.

Although there will be bad effects that will occur if gambling is legalized, there will probably be many people who become addicted to gambling.
But it can carry out strict regulations regarding gambling, so at least it can minimize the number of gambling addictions. Then the Brazilian
government could also build a free rehabilitation center for people addicted to gambling. The conclusion is that as long as there are many benefits
that can be obtained from legalizing gambling, why doesn't the Brazilian government do it.

You are on spot on this one! Gambling industry is big which you could really think off that government wouldnt be thinking that they could make out money or tax into those industries?
For sure they do have that personal kind of reason on why some countries doesnt consider on letting those gambling companies to operate on on which they are minding about their
citizen about gambling addiction because they do know that this is something which is really hard to be resolved personally and whats next?

Being a bad country in terms of economic state doesnt automatically means that government that do holds up already corrupt.There are lots of factors too which need to consider. How about they dont progress out

because they had set out low % on taxation on each industries or doesnt  have much ways on getting tax revenue on businesses inside the vicinity? You couldnt really determine it out precisely.

In terms of level of corruption and conditions in related to this then it couldnt be precisely known but we could at least make out presumption basing into those very common scenario.

Well i would guess that everyone that is a big fan of gambling in brazil is already doing it using VPN or other methods so i don't think it is a bad thing if gambling would be officially legal in brazil. Of course this also means that probably advertising in television and the internet for gambling would be allowed then. There i think the rules need to be pretty strict that it is made clear during the commercial that gambling has a high potential of getting addicted and that you can lose your money too. In addition to that it should only be allowed for adults to do gambling of course but i guess and hope this would be the case anyway.

I guess Passos has sound decision on this but if there are hindrances like the evangelical leaders from the country I don't think that it will flourish to even legalizing it.

If these evangelical leaders are opposing gambling addiction yet there's a legalize sports betting in the country have they already take a look if there's increase in gambling addiction on that particular gambling? If there is then I don't think they are really into eradicating of gambling addiction they are just wasting opportunity for their country to have a sound economy.

While you may be right about corruption being in the core of every single government out there, I very much doubt that all corruption can be claimed to be at the same levels. There are definitely countries that are so openly corrupt, that it may as well be a giant drug cartel. Others can be secretely corrupt but it always shows reflected at the citizens wealth and health. Look at the people to see how bad a country is.

I was just speaking with someone from Brazil and they were telling me about how hard it is for someone there to safely store their cryptocurrency. Apparently buying a hardware wallet is like 40% of most peoples monthly take home pay. So yes, if you legalize gambling, that’s only going to bring in more income for the country which could help make it stronger which could help the people as a whole. It’s a good thing in my opinion.

Well said, everything you said is on point. The gambling legalization could be a positive thing for the whole nation of Brazil if and only if it is planned, executed and monitored at the utmost possible way. As much as positive outcomes could be reaped out of doing such, setbacks could also be resulted form lack of discipline, communication and integration of the different essential agencies and parties involved in doing the legalization successfully.

It could be a positive thing or a negative thing depending on how the government officials would implement and handle the legalization of gambling in their country. The constituents' discipline also plays a great role in the path their country has to take once the gambling industry is already legalized. There are advantages and disadvantages when it comes to the talk of gambling legalization. The boosting of the economy because of tax revenue that will be added once gambling will be legalized is a big thing to the economic growth of a country. The job opportunities will increase once gambling will be allowed resulting in a higher rate of employment that could be of great help to the citizens and to the economy as well because of tax once again. These are just the common positive effect of gambling, however, it could have some negative effects and disadvantages too. One of the leading possible disadvantages and negative effects of gambling in a country is having its citizens be obsessed and addicted to it that could compromise their health and overall well-being. This mental health problem could result in chains of issues such as developing financial problems that could lead to doing illegal activities.

The way Brazil's government will take action for gambling legalization would be the answer on whether what will be the impact of gambling to their country. I just hope that their government will thoroughly think, plan, and organize before the actual implementation and permission of any gambling activities so that they won't have any problem in the future. Or if ever there would be any, they could resolve it in a snap.

If that is about the religion, it will not be easy to get approval from the religious leader because it is written in their holy book that gambling is prohibited and no excuse. Out of that, he must regulate gambling strictly and not permit people under 20 years to gamble. And for criminal activity, he must have clean officials that will watch out for all casinos so there is no way for the launder to do money laundry on the casinos. And if someone catches because of money laundering, there is a heavy punishment for them.

The is enough reason to legalize gambling and the 650,000 jobs to be created once they legalized gambling and the companies that will revolve around these casinos are very compelling, but unfortunately, its president and evangelical leaders are against it, although they have presented a way to overturn a veto this is still a long way to get an approval the debate should start so they can weigh the advantages and disadvantages, only the good of the Brazilian should be considered, it's a debate against morality and the survival of the economy.

That's good but also they should also include the text line where they can easily contact a health expert so that they can control this upcoming surge of addicted gamblers since its somehow a mental health problem if you are into it. But they cannot really measure how severe the case until they do it so I think I guess these will be the basis of other country to implement a legalization since if Brazil will get a success and a boost to its economy then for sure other will follow.

does he realize the effect it could have on their economy? I mean, 3.5 billion dollars in annual tax is a huge thing. is he against it because of his religion, morality, criminal activity in casinos or the impact gambling can have on his citizen if gambling is legalized? like I said before on a thread talking about legalizing gambling "if they ever legalize gambling it should be heavily regulated since gambling casinos is a great way to launder money and conduct other illegal activity.".

For sure it is opportunity for government to give little boost to the economy as tax revenues and additional jobs will be created in the country which is again positive sign for the growth of country.If the community is interested in gambling and some strict regulations are followed then it's absolutely fine to make it legal like any other games.

Speaking of becoming addicted to gambling then it's responsibility of players to be in limits because you are wasting your funds not government but still they can put some restrictions to avoid such circumstance at initial phase only.There are always two side of coins and we need to look both of them.

Developments like having a big casino in every city in the country will help make jobs and businesses nearby the casinos are going to proper as well. Yup Entertainment attracts businessmen so there will be more businesses around the city. What stops the government from not legalizing gambling before will be interesting for it could be politically related.

However there is always a negative effect as well, they just have to be responsible to thier people not just by giving warnings to thier citizen about gambling effects.

I think there will be more discussion between the officials of that country and see the impact if they make it legal or still illegal.
But if the people still have a passion for gambling because of making money, I think the government can make strict regulations and will only let people above 20 years can play gambling.
They need the cooperation of the casino to help oversee the rules so it will work good for their people and they can also watch their people from getting the other problem that can happen when they play gambling.

If it turns out that more benefits are obtained from legalizing gambling, it is better if gambling is legalized by the Brazilian government. Because
as you said, some countries that have legalized gambling, get quite a lot of tax revenue from casinos. And it can also help with unemployment
problems, because gambling is legal, casinos will need a lot of employees. So the Brazilian government will immediately be able to get two fairly
large benefits if it legalizes gambling. Because since the pandemic occurred, economic crises have occurred everywhere, and there are not
many solutions that can have a big enough effect. And legalizing gambling is the fastest solution for the Brazilian government, so it would be
a pity if the Brazilian government did not legalize gambling.
 

Whether gambling is legal or illegal, if people are still gambling, it does not matter. So what matters most at this point is how the government could make revenue out of gambling. The way to do it is to make it legal. To provide licenses to those who are interested to operate a gambling business.

But if the government will impose 30% tax on gambling, it might be discouraging rather than encouraging operators. Especially those who are operating underground, they might not be attracted anymore with the legalization because of the enormous tax imposed on their business. They might decide to continue with their illegal operations and the government will receive nothing in the end.

I think that legalizing would be a good idea.

Taxing winnings from gambling at 30% would be an incredibly bad idea, though, because that would essentially offset any gains from the legalization efforts.

You'd essentially be telling all the gamblers to go elsewhere and screw up the business aspect of operating a casino... If you are going to be a safe haven for casinos, go all the way.