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 Potential For Delaware To Have Unlimited Revenue Streams

Got this idea from a thread embedded in one of Steve’s posts.

We know the Racino’s are losing money.  It is because of competition.  Delaware needs a new idea, and Colorado provides the answer…

Of course some will object.   Just like everyone originally objected to the idea of gambling ever coming to Delaware…

Gambling is now so entrenched, it is not only a part of our revenue stream, but its owners get concessions from the state itself at the expense of raises to the state employees.  Soon, state wages will be replaced by scratch-off cards…..

On the other hand, the revenues from marijuana are amazing.  Delaware could pay for one fifth of its state’s educational budget by legalizing and taxing this revenue stream alone.($82 million) However the smart move would be to put all these revenues into an endowment fund for later, Maryland, Pennsylvania, and New Jersey are sure to follow suit as our fumes cross state lines and infiltrate their state halls….. just as they did with casino’s, and eventually that Delaware’s consolidation on that income stream dries up…. But with an endowment, we can keep the benefit filtering in for decades into the future…. “as far as the eye can see.”

Of course, the first word out of the mouths of those politically connected, would be… “what about our friends, the Racino owners?”

And there’s the rub.  They benefit too….  In what other state can you gamble and smoke weed at the same time?  We’ll have to build new toll lanes just for the traffic trying to get into this state!