Quote:
Originally Posted by Howard Beale
'more money in circulation = better games', which is true
I agree this forum is aids but I like you so I'm going to respond to this.
Fundamentally, the statement you quoted isn't necessarily true. The question is how much of that money goes to poker, not how much money total is out there.
Look at different times - in the late 90s the economy was roaring, was poker better or worse than in 2009 at the height of the Great Recession?
Look at the distribution of people in your cardroom. In the SFBA, probably 75% of the players are from the bottom 50% of incomes. Will these people benefit in any meaningful way from the tax cuts?
Economic multipliers work best when people spend money. Ignoring the question of what is right and wrong, it's simply the case that poor people tend to spend their extra money and rich people tend to save it.
50 years ago, maybe even 30, the economy was linked to employment. Give a corporation a tax cut, they would invest in workers, because more workers meant more output. That's no longer the case. The stock market has skyrocketed, enriching investors, enriching the already wealthy - but median wages have been flat for 20 years (average wages are skewed upwards because of a small number of high earners).
I know you like the whole "technology will make us obsolete" line and I think it's partially true, but where it's most true is in exactly the people who are most likely to be poker donators. The number of people who are taking their paper paychecks and cashing them at a casino is plummeting. And it's probably a good thing for their families and a bad thing for poker and that's maybe a tough political decision if you're a poker player without a family, I don't know (I'm batting 0-0.5 for 2 on those criteria). But it's certainly not as simple as "money money = better poker."
Not that anyone asked for this, but here are some policies that I think are reasonable and non-partisan.
1. Lifting the limits for tracked currency. $10,000 for a CTR was set in the 60s, the inflation adjusted amount would be $50,000 today. Small restaurants would appreciate this change too.
2. Simplifying the tax code for recreational players. Making people list their losses in itemized deductions is demoralizing. Just let everyone net everything. This is a policy that was built around lottery winnings - large, verifiable winnings with small, unverifiable losses. For poker, this just doesn't make sense. Policy wise it would be something like this: "you're allowed to net if no single session win or loss exceeds X times your net (or Y dollars), whichever is bigger"