Automatic Monkey said:
Theoretically the stock market provides capital for companies and allows them to produce useful goods and services. AP's remove capital from companies that provide a dubious service.
As far as being philanthropic, I can't prove that casino executives are less so than AP's. So can't say that what we do is for the good. But it certainly isn't bad. Yes a lot of the money we win was lost by compulsive gamblers, but what can we do, give our money away to compulsive gamblers so they can do it again? Our actions are neutral relative to the fate of compulsive gamblers as we can not prevent or help them.
And on that note, CG's probably play lottery more than anything else so if anyone lives in a state with a lottery and drives on the roads, they are also receiving benefit from the losses of compulsive gamblers.
As far as being philanthropic, I can't prove that casino executives are less so than AP's. So can't say that what we do is for the good. But it certainly isn't bad. Yes a lot of the money we win was lost by compulsive gamblers, but what can we do, give our money away to compulsive gamblers so they can do it again? Our actions are neutral relative to the fate of compulsive gamblers as we can not prevent or help them.
And on that note, CG's probably play lottery more than anything else so if anyone lives in a state with a lottery and drives on the roads, they are also receiving benefit from the losses of compulsive gamblers.