Tuesday, May 02, 2006

Tax on Stupidity

Gambling is often referred to as a "Tax on Stupidity". Based on this story of golfer John Daly, it's an apt description -- especially when you consider how much he's "learned" after an estimated $50-$60 million(!) in gambling losses:
He said he plans to start at the $25 slots in the casinos and set a "walkout loss number," which would tell him it's time to leave.

"If I make a little bit, then maybe I move up to the $100 slots or the $500 slots, or maybe I take it to the blackjack table," he wrote. "It's their money. Why not give it a shot, try to double it? And if I make a lot, I can ...

"Well, that's my plan."

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