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Old 10-19-2007, 11:56 PM
Tien Tien is offline
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Join Date: Oct 2005
Posts: 795
Default Re: Being told \"professional poker doesn\'t contribute to society.\"

They're saying the tax aspect of it doesn't contribute because the fish would lose it to something else or someone else and that something else or someone else would end up paying an extra amount of taxes equal to the same amount of taxes the poker player would have paid.


There's a little caveat to this though. When a fish deposits into pokerstars it stays in there until a poker pro withdraws money or the pokersite wittles it away slowly through rake.

So you can argue that the poker player speeds up the process in which the money returns to the economy by withdrawing those amounts of money as well as increasing the rake for the pokersite, otherwise, that amount of money sitting there in the millions of fish's pokerstars account is essentially dead money.


It would be really evil if the bank that the pokersite uses takes that money and invests it in the open market. I think they said they don't do that but I'm not sure.
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