Is there any Difference between Online Gambling and Online Trading?
December 1st, 2007Which is the Bad Guy?
At the same time as the US Illegal Internet Gambling Act is taking over the news on finance and the world wide web, so many people are wondering what the factual difference between Internet gambling and e-commerce is.
Imagine two people hanging in their bureaus both of them risk their money on Internet, one is breaking the legislative norms, the other one is not. One of them is a daily dealer, and in spite of how you look at that, that businessman is venturing his funds for the chance to get back more money. I suppose that both men use the Internet for one and the same aim. But, the person gambling online is currently participating in a dishonest industry. Why unlawful? Since Government of the US doesn't get a cent of the income from the online gambler. It only levies tax money from the day online trader.
Each day residents of America lose millions of dollars from trading marketable investments, not situated in Wall Street offices, but from their family rooms. That kind of common men are not trained stock dealers, and they do not have any legal permission - in spite of all this they do not have any official impediments to conduct this kind of business.
In truth, the one single real differing feature between trading on internet and online gaming is the scale of funds the US Government makes out of the businesses: Day trading = immense income; Gambling Online = nothing and lots of online casino bonuses for gamblers. We often hear that the US Congress passed the anti-gambling online ban exactly for this reason that the government is not profiting from millions of dollars spent every day.
The US Government is saying that banned gambling on Internet to save American people from a unsafe pastime - leave a person broke and miserableruin families by making gambling-addicts go bankrupt. Though they continue to allow unlicensed persons to trade stocks, which are not online. Perhaps no one remembers for which reason large buildings have windows that can not be pulled up or opened: it was made on purpose to prevent all the traders from jumping down and being crashed to death after losing all their money!
Day traders usually get tips from a third party, and sometimes they simply guess at random. In the past everyone was investing and making a fortune, until this bubble exploded and many were left with nothing but a pile of debts.
If online gamers are famous for something, it's holding an interest in what they do. It seems like nobody gambles on Internet on a permanent basis without studying the games they play, various special ways, the figures and the art of gambling. As online gamblers improve, they play via others at a higher level in top online casinos, but no beginning online player is forced into a poker room with professionals.
Some people now live on gambling online. Amateur gamblers earn up to $10,000 a month, and although they are not the majority, they are the just firstest with the mostest. All of these professionals are by this time officially out of work because of the new online gambling ban, and negative online casino review in the web. And gambling professionals aren't the only ones suffering. So many people around the world are losing their jobs due to cutbacks in the online gambling business.
If the US Government is willing to save the people from loosing millions of dollars, so why do they now let the legal version of gambling called online trading break the lives of common men?