--- title: "Meaning & Key Takeaway of: It is not economic development; it's…" description: "\"It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas\" — John Warren Kindt" image: "https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg" --- # It is not economic development; it's about taking money… ![“It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas” quote by John Warren Kindt](https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg) [Download](https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg) [Open image](https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg) > “It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas” [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic growth is mischaracterized; wealth is being siphoned from consumers to gambling hubs. **In simple terms:** Money is moving from everyday spending to places like Las Vegas. Key Takeaway Beware of policies that divert consumer spending to non‑productive sectors. Themes economics consumer behavior gambling Mood critical analytical Type policy economic When to use this quote - budget planning - tax policy - city development Key Concepts wealth distribution policy impact financial ethics Questions to Reflect On - What are the long‑term effects of diverting consumer money? - How can economies protect consumer spending? A Different Perspective May overlook benefits of tourism revenue. ★ ★ ★ ★ ★ No ratings yet [Consumers](https://sms4smile.com/quotes/about/consumers/) [Economic development](https://sms4smile.com/quotes/about/economic-development/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economy](https://sms4smile.com/quotes/about/economy/) [Gambling](https://sms4smile.com/quotes/about/gambling/) [Las vegas](https://sms4smile.com/quotes/about/las-vegas/) [Money](https://sms4smile.com/quotes/about/money/) [Vegas](https://sms4smile.com/quotes/about/vegas/) ## Related quotes > [For every slot machine you add, you lose one job per year from the consumer economy](https://sms4smile.com/quotes/john-warren-kindt/for-every-slot-machine-you-add-you-lose-one-job-per-year-from-the/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [$60,000 spent in a consumer economy multiplies by respending into $180,000](https://sms4smile.com/quotes/john-warren-kindt/60-000-spent-in-a-consumer-economy-multiplies-by-respending-into-180/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [The casinos are walking out of states with at least $1 billion in their pockets to Las Vegas](https://sms4smile.com/quotes/john-warren-kindt/the-casinos-are-walking-out-of-states-with-at-least-1-billion-in/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Instead of engaging in cutthroat competition, we should strive to create value. In economic terms, this means a transition from a consumer economy -…](https://sms4smile.com/quotes/daisaku-ikeda/instead-of-engaging-in-cutthroat-competition-we-should-strive-to/) [Daisaku Ikeda](https://sms4smile.com/quotes/author/daisaku-ikeda/) > [You have to make the shift from being a consumer in the economy to becoming an owner-and you do it by becoming an investor.](https://sms4smile.com/quotes/tony-robbins/you-have-to-make-the-shift-from-being-a-consumer-in-the-economy-to/) [Tony Robbins](https://sms4smile.com/quotes/author/tony-robbins/) > [What is urgently needed is a bold new move from a consumer economy to a conserver economy in all of the developed countries, and…](https://sms4smile.com/quotes/richard-j-foster/what-is-urgently-needed-is-a-bold-new-move-from-a-consumer-economy-to/) [Richard J. Foster](https://sms4smile.com/quotes/author/richard-j-foster/) > [“Consumer culture is best supported by markets made up of sexual clones, men who want objects and women who want to be objects, and…](https://sms4smile.com/quotes/naomi-wolf/consumer-culture-is-best-supported-by-markets-made-up-of-sexual/) [Naomi Wolf](https://sms4smile.com/quotes/author/naomi-wolf/) > [The Chinese economy's still not that much of a consumer economy.](https://sms4smile.com/quotes/fareed-zakaria/the-chinese-economy-s-still-not-that-much-of-a-consumer-economy/) [Fareed Zakaria](https://sms4smile.com/quotes/author/fareed-zakaria/) > [If we attempt to preserve the consumer economy indefinitely, ecological forces will dismantle it savagely. If we proceed to dismantle it gradually ourselves, we…](https://sms4smile.com/quotes/alan-thein-durning/if-we-attempt-to-preserve-the-consumer-economy-indefinitely/) [Alan Thein Durning](https://sms4smile.com/quotes/author/alan-thein-durning/) > [“What causes recessions? Many economists talk about the need for a consumer economy, but we can't have a consumer economy if people can't afford…](https://sms4smile.com/quotes/martin-adams/what-causes-recessions-many-economists-talk-about-the-need-for-a/) [Martin Adams](https://sms4smile.com/quotes/author/martin-adams/) > [I just like doing normal things, going to the shops in Manchester, getting a meal with my girlfriend and kids, going to the cinema.…](https://sms4smile.com/quotes/michael-bisping/i-just-like-doing-normal-things-going-to-the-shops-in-manchester/) [Michael Bisping](https://sms4smile.com/quotes/author/michael-bisping/) > [I love Las Vegas, but I never get a chance to play a club like the House of Blues. I guess we've graduated to…](https://sms4smile.com/quotes/joe-walsh/i-love-las-vegas-but-i-never-get-a-chance-to-play-a-club-like-the/) [Joe Walsh](https://sms4smile.com/quotes/author/joe-walsh/) > [Fear and Loathing in Las Vegas is perfect in the same way that The Great Gatsby is perfect. Take a pencil and read these…](https://sms4smile.com/quotes/william-mckeen/fear-and-loathing-in-las-vegas-is-perfect-in-the-same-way-that-the/) [William McKeen](https://sms4smile.com/quotes/author/william-mckeen/) > [I worry about Las Vegas schools. I hear in math, they only teach them to count to 21.](https://sms4smile.com/quotes/rita-rudner/i-worry-about-las-vegas-schools-i-hear-in-math-they-only-teach-them/) [Rita Rudner](https://sms4smile.com/quotes/author/rita-rudner/) > [The people have always been family to me here in Las Vegas. The people have always been very, very kind to me, and it's…](https://sms4smile.com/quotes/randall-cunningham/the-people-have-always-been-family-to-me-here-in-las-vegas-the-people/) [Randall Cunningham](https://sms4smile.com/quotes/author/randall-cunningham/) ## More by John Warren Kindt > [Taxpayers would likely be responsible for treating addicts](https://sms4smile.com/quotes/john-warren-kindt/taxpayers-would-likely-be-responsible-for-treating-addicts/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Then they're like addicts; they can't help themselves... They will steal, cheat, embezzle and commit other crimes just to get money to gamble](https://sms4smile.com/quotes/john-warren-kindt/then-they-re-like-addicts-they-can-t-help-themselves-they-will-steal/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [It becomes a cannibalization of your pre-existing economy](https://sms4smile.com/quotes/john-warren-kindt/it-becomes-a-cannibalization-of-your-pre-existing-economy/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Legalized gambling is the leading cause of bankruptcy](https://sms4smile.com/quotes/john-warren-kindt/legalized-gambling-is-the-leading-cause-of-bankruptcy/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [In permitting gambling enterprises to flourish in the United States and abroad, the United States undermines global socio-economic stability in contravention of its international…](https://sms4smile.com/quotes/john-warren-kindt/in-permitting-gambling-enterprises-to-flourish-in-the-united-states/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [27 percent to 55 percent of casino revenues come from problem or pathological gamblers](https://sms4smile.com/quotes/john-warren-kindt/27-percent-to-55-percent-of-casino-revenues-come-from-problem-or/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Gambling interests hire lots of economists to do impact studies, but what you need is cost-benefit analysis, and you'll never see the industry finance…](https://sms4smile.com/quotes/john-warren-kindt/gambling-interests-hire-lots-of-economists-to-do-impact-studies-but/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [For every slot machine you add, you lose one job per year from the consumer economy](https://sms4smile.com/quotes/john-warren-kindt/for-every-slot-machine-you-add-you-lose-one-job-per-year-from-the/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Gambling has a zero-sum economic effect in its market and, like legalizing cocaine, the socio-economic costs of legalizing gambling overwhelm the benefits](https://sms4smile.com/quotes/john-warren-kindt/gambling-has-a-zero-sum-economic-effect-in-its-market-and-like/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [In convenience gambling scenarios, discretionary spending and nondiscretionary addicted gambling dollars were transferred from other forms of consumer expenditures](https://sms4smile.com/quotes/john-warren-kindt/in-convenience-gambling-scenarios-discretionary-spending-and/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Local competing businesses were thereby losing revenue.](https://sms4smile.com/quotes/john-warren-kindt/local-competing-businesses-were-thereby-losing-revenue/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [This is an industry that generates addicted gamblers and they are desperate to get money](https://sms4smile.com/quotes/john-warren-kindt/this-is-an-industry-that-generates-addicted-gamblers-and-they-are/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [It's lose, lose for the taxpayer](https://sms4smile.com/quotes/john-warren-kindt/it-s-lose-lose-for-the-taxpayer/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [Thirty-seven percent of gamblers dip into their savings to fulfill their habit](https://sms4smile.com/quotes/john-warren-kindt/thirty-seven-percent-of-gamblers-dip-into-their-savings-to-fulfill/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) > [The military should get rid of video gambling devices on nearly 100 overseas bases and posts](https://sms4smile.com/quotes/john-warren-kindt/the-military-should-get-rid-of-video-gambling-devices-on-nearly-100/) [John Warren Kindt](https://sms4smile.com/quotes/author/john-warren-kindt/) [Explore all 82 John Warren Kindt quotes ](https://sms4smile.com/quotes/author/john-warren-kindt/) ## More Consumers quotes > [One of the worst things to come out of the Consumer Protection Board's misleading claims is the impression that government resources are to hard…](https://sms4smile.com/quotes/matthew-lesko/one-of-the-worst-things-to-come-out-of-the-consumer-protection-board/) [Matthew Lesko](https://sms4smile.com/quotes/author/matthew-lesko/) > [Eventually the consumer will come to appreciate the editorial point of view of every different brand. User-generated content without editorial oversight will simply be…](https://sms4smile.com/quotes/michael-eisner/eventually-the-consumer-will-come-to-appreciate-the-editorial-point/) [Michael Eisner](https://sms4smile.com/quotes/author/michael-eisner/) > [I've always considered making it legal for Americans to import their prescription drugs a free-trade issue. 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In the last analysis, all decisions are dependent…](https://sms4smile.com/quotes/ludwig-von-mises/the-capitalistic-social-order-therefore-is-an-economic-democracy-in/) [Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/) > [A brand is no longer what we tell the consumer it is it is what consumers tell each other it is. - Scott Cook,…](https://sms4smile.com/quotes/scott-cook/a-brand-is-no-longer-what-we-tell-the-consumer-it-is-it-is-what/) [Scott Cook](https://sms4smile.com/quotes/author/scott-cook/) > [Now that I'm more middle class, I have access to consumer goods. I do enjoy feminine frippery, feminine doo-da, stuff like that.](https://sms4smile.com/quotes/shirley-geok-lin-lim/now-that-i-m-more-middle-class-i-have-access-to-consumer-goods-i-do/) [Shirley Geok-lin Lim](https://sms4smile.com/quotes/author/shirley-geok-lin-lim/) > [Why is Caterpillar bad if we create a new job in India or China to receive U.S. exports? It makes no sense to me.…](https://sms4smile.com/quotes/douglas-r-oberhelman/why-is-caterpillar-bad-if-we-create-a-new-job-in-india-or-china-to/) [Douglas R. Oberhelman](https://sms4smile.com/quotes/author/douglas-r-oberhelman/) > [America always put forth this phony melting pot theory, but it's a reality now. They couldn't accomplish the melting pot economically; they couldn't accomplish…](https://sms4smile.com/quotes/russell-means/america-always-put-forth-this-phony-melting-pot-theory-but-it-s-a/) [Russell Means](https://sms4smile.com/quotes/author/russell-means/) > [Gaming provides us with some very good signals about consumers and what they're interested in.](https://sms4smile.com/quotes/peggy-johnson/gaming-provides-us-with-some-very-good-signals-about-consumers-and/) [Peggy Johnson](https://sms4smile.com/quotes/author/peggy-johnson/) > [As consumers adopt crypto, we hope that they'll also be interested in trading equities and options.](https://sms4smile.com/quotes/baiju-bhatt/as-consumers-adopt-crypto-we-hope-that-they-ll-also-be-interested-in/) [Baiju Bhatt](https://sms4smile.com/quotes/author/baiju-bhatt/) > [Metaphor isn't just a fancy turn of speech. It shapes our thoughts and feelings, reaches out to grasp new experience, and even binds our…](https://sms4smile.com/quotes/james-richardson/metaphor-isn-t-just-a-fancy-turn-of-speech-it-shapes-our-thoughts-and/) [James Richardson](https://sms4smile.com/quotes/author/james-richardson/) > [Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to…](https://sms4smile.com/quotes/john-kenneth-galbraith/consumer-wants-can-have-bizarre-frivolous-or-even-immoral-origins-and/) [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) > [Many of us are alarmed at the skyrocketing cost of medical care, including patients, who are the consumers. However, medical malpractice is not the…](https://sms4smile.com/quotes/joe-baca/many-of-us-are-alarmed-at-the-skyrocketing-cost-of-medical-care/) [Joe Baca](https://sms4smile.com/quotes/author/joe-baca/) > [TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his consumer.](https://sms4smile.com/quotes/ambrose-bierce/tariff-n-a-scale-of-taxes-on-imports-designed-to-protect-the-domestic/) [Ambrose Bierce](https://sms4smile.com/quotes/author/ambrose-bierce/) [Browse all 1,606 Consumers quotes ](https://sms4smile.com/quotes/about/consumers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "It is not economic development; it's about taking money out of the consumer economy and shipping it off to Las Vegas", "creator": { "@type": "Person", "name": "John Warren Kindt" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/john-warren-kindt/it-is-not-economic-development-it-s-about-taking-money-out-of-the/", "about": { "@type": "Thing", "name": "Consumers" }, "@id": "https://sms4smile.com/quotes/john-warren-kindt/it-is-not-economic-development-it-s-about-taking-money-out-of-the/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg", "url": "https://sms4smile.com/quotes/i/c78/john-warren-kindt-8279_consumers_it-is-not-economic-development-it-s-abou_1364398.jpg", "width": 1080, "height": 1080, "caption": "“It is not economic development; it's about taking money out of the consumer economy and shipping it off to…” — John Warren Kindt", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "John Warren Kindt", "item": "https://sms4smile.com/quotes/author/john-warren-kindt/" }, { "@type": "ListItem", "position": 4, "name": "It is not economic development; it's...", "item": "https://sms4smile.com/quotes/john-warren-kindt/it-is-not-economic-development-it-s-about-taking-money-out-of-the/" } ], "@id": "https://sms4smile.com/quotes/john-warren-kindt/it-is-not-economic-development-it-s-about-taking-money-out-of-the/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```