Alberta’s more than $1.4 billion in gambling profits should be used to give the province’s poor a monthly payment, similar to welfare, says a national think tank..Think tank Cardus, in a report released Wednesday, said the lowest-income households in Alberta pay the provincial government an estimated 7% of their annual incomes through gambling – triple the proportion that the wealthiest Albertans pay..“Those at the margins of society are paying disproportionately into the coffers,” the report concludes..The report, called Royally Flushed, outlined ways to turn Alberta Gaming and Lottery Corporation (AGLC) revenue toward reducing poverty instead of mixing it in with the province’s general tax revenue..It recommends creating a gaming equality benefit, which “would re-direct AGLC’s $1.4 billion annual contribution away from general government revenues toward low-income families through monthly support payments similar to the province’s social assistance system.”.It also says AGLC profits be used to incentivize savings – “one of the best ways to ensure families don’t turn to usurious payday loans. This can boost the savings accounts of low-income families, following a model similar to government top-ups of RESPs contributions or through prize-linked savings accounts.”. POLL: Many Albertans say they will ignore Christmas COVID lockdown .“I hope Alberta’s government takes this research seriously and seizes the opportunity to turn bad habits into good,” says Johanna Wolfert, a Cardus researcher and report co-author..The report also found: .AGLC generated more than three quarters of its 2019 profit from slot machines and video lottery terminals, which are designed to override players’ conscious, rational control.Albertans are likely spend almost six times more on gambling than they report.AGLC revenue is treated exactly the same way as general tax revenue; it is not designated specifically for community improvements..“Alberta made a mistake in 2019 when it started shovelling AGLC’s casino, lottery, and slot machine proceeds into general government revenues,” says Brian Dijkema, Cardus Vice-President of External Affairs and co-author of Royally Flushed..“That simply solidified the status of Alberta’s gambling system as a regressive form of taxation, disproportionately taking money from those who can least afford it.”.Royally Flushed: How gambling can work for, not against, Alberta is available online..Cardus is a “non-partisan, faith-based think tank and registered charity dedicated to promoting a flourishing society through independent research, robust public dialogue, and thought-provoking commentary.”.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.Twitter.com/nobby7694
Alberta’s more than $1.4 billion in gambling profits should be used to give the province’s poor a monthly payment, similar to welfare, says a national think tank..Think tank Cardus, in a report released Wednesday, said the lowest-income households in Alberta pay the provincial government an estimated 7% of their annual incomes through gambling – triple the proportion that the wealthiest Albertans pay..“Those at the margins of society are paying disproportionately into the coffers,” the report concludes..The report, called Royally Flushed, outlined ways to turn Alberta Gaming and Lottery Corporation (AGLC) revenue toward reducing poverty instead of mixing it in with the province’s general tax revenue..It recommends creating a gaming equality benefit, which “would re-direct AGLC’s $1.4 billion annual contribution away from general government revenues toward low-income families through monthly support payments similar to the province’s social assistance system.”.It also says AGLC profits be used to incentivize savings – “one of the best ways to ensure families don’t turn to usurious payday loans. This can boost the savings accounts of low-income families, following a model similar to government top-ups of RESPs contributions or through prize-linked savings accounts.”. POLL: Many Albertans say they will ignore Christmas COVID lockdown .“I hope Alberta’s government takes this research seriously and seizes the opportunity to turn bad habits into good,” says Johanna Wolfert, a Cardus researcher and report co-author..The report also found: .AGLC generated more than three quarters of its 2019 profit from slot machines and video lottery terminals, which are designed to override players’ conscious, rational control.Albertans are likely spend almost six times more on gambling than they report.AGLC revenue is treated exactly the same way as general tax revenue; it is not designated specifically for community improvements..“Alberta made a mistake in 2019 when it started shovelling AGLC’s casino, lottery, and slot machine proceeds into general government revenues,” says Brian Dijkema, Cardus Vice-President of External Affairs and co-author of Royally Flushed..“That simply solidified the status of Alberta’s gambling system as a regressive form of taxation, disproportionately taking money from those who can least afford it.”.Royally Flushed: How gambling can work for, not against, Alberta is available online..Cardus is a “non-partisan, faith-based think tank and registered charity dedicated to promoting a flourishing society through independent research, robust public dialogue, and thought-provoking commentary.”.Dave Naylor is the News Editor of the Western Standard.dnaylor@westernstandardonline.com.Twitter.com/nobby7694
