The India I Dream Of
This is what I expect the government that gets elected would do for this country after the elections:
The government would free us to buy and sell at whatever time we choose to, with whomever we like, and from wherever we choose. All restrictions on imports, exports, and foreign exchange are lifted overnight.
China’s Baccarat Connection
Macau and the Chinese phenomenon are increasingly becoming destinations for every lover of casino games who would like to try their luck, and bankrolls at big fortune. Most of the high-rollers venturing out here are lovers of baccarat.
Playing Poker: A Lot About Understanding Strategy
Poker in its many forms has always been the cynosure of all those eyes that have ever frequented casinos and play houses to rake in moolah and rule supreme over this chosen one of card games. However, there have been famous instances when a player ruling a table lost badly while going for the bigger bets – done in by the sharks.
UK Gambling Tax Laws Place Consumption over Location
The UK Gambling Commission estimates the UK remote gambling market at £2 billion per year. Since most of online gaming operations are based in tax havens such as Gibraltar, the current remote gambling duty, which is taxed at 15% of gross profits, witnesses most tax-based returns to the UK going into outside coffers.
Casino Industry Treated Differently from the Entertainment Industry
Yes, we have all heard the old bugbear of how gambling is bad for society. However, gambling is nothing but a common noun belonging to a larger family of more respectable relatives like ‘games of chance’, ‘betting’, and ‘probability.’ Yet,
Free Trade and Milton Friedman: True Always
Following from the golden legacy of Adam Smith, who opined that free trade could exist to solve most of the economic crises of the world, it probably is Milton Friedman who ever did recognize the urgency that the system had to be embraced with. The Nobel laureate born in New York, gifted markets and economies,
No Casino is an Economic Island
In 2007, Macau overtook Las Vegas in revenues. More than 50% of Macau’s economy is based on gambling. The island boasts of 33 casinos that operate under a government franchise. Attention to this little hub of economic prosperity has undoubtedly led to the Chinese cabinet passing the Offshore Islands Development Act,
The 5 Most Popular Casino Games
Casinos have always been places of glamour games. Be it the ruthless ransacking of the treasures of Europe’s ‘high rollers’ in the centuries gone by, or the chaos and brouhaha over a ‘big player’ finished, casinos have succeeded in keeping up their charm and allure for their lovers.
Is Sri Lanka the Next Asian Casino Hotspot?
Ever since Las Vegas Sands’ Chairman and CEO Sheldon Adelson expressed his desire to have a beach head in India, speculations are rife that this might spell a bounty for the island nation that lies southward of the country.
Free Markets and Liberty
Free markets of the modern world can be credited with inspiring economies towards redemption. And why not, when economists the world over testify it to be the best trade policy available. Instead of letting the authorities bar free resource use by autocratic taxation and stringent intervention in trade, deploying free trade can help solve many conundrums concerning trade and economy today.
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy.
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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