No Pay Out From Slots Referendum
November 6, 2008
Is installation of slot machines the answer to the deficit in the revenues needed to run the states education infrastructure? This is the referendum question that the citizens of Maryland will gather to vote on come November 4th this year.
The Maryland Legislature is trying to resolve the problem of dwindling resources that are amounting to nearly 1 billion dollars for the financial year ahead. They feel the answer lies in installing 15,000 slot machines in the state, taxes from these machines will amount to 919 million dollars. The places where the machines are proposed to be installed include Alleghany, Worcester, Cecil and Anne Arundel counties.
The Maryland Chamber of Commerce and Montgomery County Executive Ike Leggett are among the prominent figures and institutions in Maryland that have endorsed this move by the legislature. Many socialites, however, are describing this move as adverse to society morals and laws. They claim that this move will open a Pandora’s Box and release many social ills into society.
The plan will definitely generate the much needed revenues for local schools and health establishments and the government will not have to resort to unpopular tax hikes, definitely not around election time. The proposal will lead to the Maryland horse racing business gaining handsomely by the proposal. Such is expected to be the gain for the horse racing industry that racing figureheads such as the Magna Entertainment, a company that owns many horse racing tracks in Maryland had even contributed 2 million dollars to the efforts to push through the slot machine installation proposal. People feel that the government may have honorable intentions; however, the administration should desist from putting in place programs that would lead to budging bank accounts at the cost of social values.
The general opinion is that the proposal to install 15000 slot machines across Maryland is not a healthy proposal and will eventually culminate in compromising social values and will adversely affect the law and order situation in the state.
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