Is there any Difference between Online Gambling and Online Trading?
December 1st, 2007Who's the Bad Guy?
While the US Illegal Internet Gambling Act is taking over the news with stories of investments and the Internet, a lot of people ask themselves what the actual difference between Internet gaming and online trading is.
Now, let us take two persons hanging in their workplaces both risking their money on Internet, while one of them is violating the law, the other one is not. One of them is a day trader, and no matter how you take that fact, that businessman is risking his money for the chance to raise his revenues. I think I can make a suggestion that both these men are using the Internet for the same aim. But, the one that is gambling online is at present participating in an illegal industry. Why illegal? Because Government of the USA is not getting a single cent of the income from the online gambler. The Government only gets tax money from the day e-commerce-dealer.
Every day residents of America lose immense sums of money from trading stocks, which are not located in Wall Street business centers, but from their living rooms. This type of common people are not trained stock dealers, and hold no certificate - yet they have no official impediments to conduct this kind of business.
In fact, the one single factual differing feature between e-commerce and online gambling is the amount of profits the US Government profits from the businesses: E-commerce = immense income; Online Gambling = nothing and lots of online casino bonuses for gamblers. It is said that the US Congress is working on the anti-gambling online forbidding law exactly for the abovementioned reason that people are not profiting from millions of dollars spent daily.
The US Government is saying that outlawed online gambling to keep Americans away from a unsafe free-time activity - one that can addict playersdestroy families by making players lose all their money. However this will not affect the unlicensed traders, who are free to go on and trade security papers, not online. It is possible that no one would remember today for which reason large buildings have windows that don't open: it was made on purpose to prevent all the traders from plummeting to their death after they have lost all their money!
Day traders mainly receive tips from a third party, and occasionally they merely guess at random. There was a time when many people were investing and making a fortune, until the bubble exploded and so many people lost everything they had and were left with just a pile of debts.
If online gamers are famous for something, it's holding an interest in what they do. Almost nobody gambles online on a permanent basis without studying the games they play, the strategies, the statistics and the art of gambling. When online gamblers improve their skills, they play against others at a harder level in online casino, but no beginner is forced to play poker with professionals.
There are real people now live on online gambling. Amateur gamblers earn up to $10,000 monthly, and although they are not the majority, they are the just firstest with the mostest. All these professionals are at the moment officially out of work thanks to 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 wants to save the people from loosing millions, why do they now let the legalized version of gambling called day trading break the lives of average people?
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