A possible Remedy for Atlantic City’s now “nationally saturated casino gaming market”…And lower TAXES in process!

(Originally written November 5, 2010)

Nothing great was ever achieved without someone taking a risk along the way!

   Prop 19 in California failed. Full legalization of marijuana. And basically all it’s economic ancillary components that accompany that industry in the state. I’m in the works of composing what I think is a strong thesis to send to Governor Christie of logical reasons why NJ needs to do so. In light of CA shortcomings, opportunity is knocking Mr. Governor! This warrants at least serious consideration to compensate for Atlantic City’s now “nationally saturated casino gaming market” and massive loss of tax revenues by default. Revenues that will only see further future decline, as the rest of states in nation crank up thier own gaming plans and snatch market share. To make up for their own plummeting tax revs, stemming from property tax delinquencies, foreclosures, and recession. This move to legalize pot in NJ, and while at it, also prostitution and sports betting. And affixing an exorbitant ” Luxury Tax” to it.  Regulate it (JOBS),  set up mom and pop shops (JOBS) that Walmart wont kill off. This in my opinion could be the one thing that saves NJ from fiscal ruin and for sure economic malaise,  if not even going the way of the 8-track tape so to speak. This move would be also political and fiscal genius on Christies part. It would bring his far Left Opposition to his Center/ Right Republican views and actions of late. Raising revenues without raising taxes. That is “winner-winner-chicken-dinner” on both sides of political aisle. Generate enough if not more, tax revs and the JOBS that would  lower some of  the nations highest property taxes. The best thing accompanying this courageous political and social venture. Combined with Christies cost cutting recipe’ measures of late as bonus.  Christie, based upon past actions and comments, is on board with it already. Via legislation set in place by former Gov Corzine on the way out the door.

 Lets seriously consider turning Atlantic City into the East Coast City of Sin per se. Little Amsterdam of the East Coast. Swanky hip smoke shops and head houses, coffee and bake hash/ pot shops, cozy pot friendly bed and breakfast’s with opposite or same-sex company if ya desire, and sinful XX night life. Because AC and Vegas are no longer an exclusive duopoly on gaming and moral sin in the nation. We need to at least consider this to survive, and NJ could be ground breaking along these lines. If not for Federal Laws superseding State Laws. That in the past has been dealt with a blind eye tactic in lieu of economic  revs method. But that don’t cut the mustard when looking for Fortune 500 investment.  I sincerely think and polls show, that this could pass referendum vote in NJ. I was also very disappointed that Rutgers University took a pass on being the first college to grow medical pot for sale and distribution in medical dispensaries across the state. I feel it was a bad move on their part. Fiscally at the minimum, based upon future college tuition revenue shortcomings they will face. Even know they cited reasons as Federal Laws. Atlantic City, and it’s leadership,  should’ve at least been fighting to have located one of the three dispensaries planned for the state in the City. They owe Atlantic City that for 30 some years of Gaming Tax Revs.  And if it dont work out, we can always repeal it. Desperate times call for desperate measures I believe.

 “When written in Chinese the word crisis is composed of two characters. One represents danger, and the other represents opportunity” – JFK 

January 13, 2011

I think this is even more a possibility with the Governor’s recent actions >

Christie to propose cutback of CCC’s authority over A.C. casinos. And the recent signage of  S-1866

*These facilities will be permitted to have a minimum of 200 bedrooms, as opposed to the 500-bedroom minimum imposed under current law.

 Under the law, a small scale casino can remain at 200 rooms, but a staged casino will be required to expand to a full scale casino (i.e., 500 rooms) within 5 years.

The bill limits the Commission to issuing a maximum of two new licenses, at least one of which shall be for a staged casino, and licensees will be required to construct new facilities that are adjacent to the Boardwalk, as opposed to rehabilitating existing facilities or building within the Marina zone.

 Can you sayyyy “Little Amsterdam” and “Red Light District” coming to AC?……I CAN!


About Steven L. Goff

I'm a 38 yr old, modern day Renaissance Man, Polymath, in ever sense of the words. Self educated genius no doubt. "The Police often questioned me, just because they found me interesting" (The Most Interesting Man in the World...drink Dos Equis beer...lol) I come from the last generation who knows what it was like before the computer age per se. The Rotary style phone to the iPhone I like to say. Don't be shocked by this below.......because it's only HALF of it! All true I assure you. Days of telling lies to myself and others are done. Masters Degree from the School of Hard Knocks. Double Doctorate PhD from Google University (like most will have in future). Jack of all trades. Jack Russel loving dog owner of 8yrs. Master of them all. 38 yr old heterosexual. Master electrician and stock trader now, wanna be fund manager, a never be nothing, political and economics junkie, former master safe cracker thief, liar, professional slot machine cheat, before tech advancement made me obsolete! A bad father, bad brother, bad son, and much more. Have been baker, cook, barber, teacher, student, ultra submissive lovers master, semi pro poker player. I'm a novice mathematician, mechanical genius ALL most would say. Sun worshiper, surfer, convicted felon at age 18. Five year prison stay from 18 until 24yrs old. Hence school of Hard Knocks Degrees. Amateur magician, Rubik's Cube solver, social algorithms developer, exponential growth being humanity's most powerful force. My mom was a closet drinker for much of my youth and worked night and slept all day. I am Drake Equation believer, a Luddite I think, student of great societal cyclicality in humanity. I've been shot, I've been stabbed, I've been loved more than life to some, and abandon by the same. Raised Catholic, now of the agnostic mindset. Frankly I dont care if God Almighty exist, for we have bigger problems as a species to solve. I'm speed reader semi cursed with photographic memory, say cursed for some memories are not good. Great pool player, better marksman, Have hunted and killed the beast. A believer information to the masses is more powerful than oil and gold put together. Occam's Razor believer, Rube Goldberg simplifier, Huge student of propaganda and all it's techniques, I wanna go to outer space someday before I die. I dont fear death. I fear not Livin'
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