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IS there Really A Difference Between Day Traiding and Online Gambling
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By Schneider Ellie
I am sitting in my office risking money online, but I am not breaking any laws because I am day trading. But what is really the difference?. In both I am risking my money for the possible return of more money. It seems that both are used for the same reason. The only difference I can truly find is the fact that in online gambling, the United States does not get to collect any taxes from money won in overseas online casinos. Millions of people lose millions of dollars every month trading stocks from their homes or offices.
These people are not professional trained and licensed stock brokers; they are regular people like you and me. The only differences between day trading and online gambling is that the United States Government gets to tax people on their earnings from trading in stocks, and they do not get taxes from money earned gambling online. Many people are speculating that the only reason why Congress passed the law banning online gaming is because they are not getting any of that revenue, but the Government will tell you its because they are trying to look out for the American people, and that by making it harder to gamble less people will become addicted to gambling and lose everything they own, but if that was the case why do they allow anyone with an internet connection to risk everything they own by trading stocks from any internet connection? Day traders usually get tips from a third party at best or just guess, at one point I even know someone who would throw darts at the paper and invest on the companies that the hit.
Back in the 90's everyone was making money in day trading because the economy as so good, then the bubble burst and millions of people lost everything including businesses and their homes. Online Gamblers will study the game they play and practice to the point of nearly perfecting their craft, then they can go online and play against other players playing at their own skills level, and as they improve they can play better players and stat making some real money. There are many people out their making their living from gambling online. Some amateur players can regularly earn 10,000 dollars a month, and now thanks to this new law they and many others are out of work. If the reason why they have banned online gambling is to try to force them into a deal making online winnings taxable to get more money they are hurting themselves more then they realize. Most of the people involved were involved in marketing the online casinos in the United States and now without them the will lose their business and need to collect unemployment and using up some of the precious tax money the government is desperately trying to save. Because of the similarities between online gambling and online trading, and the fact that one is allowed and one is not many people are starting to believe some of the conspiracy rumors that are making their way onto the internet in the last 2 days.
Author Details- Schneider Ellie
Email-eschneider@online-casinos-707.net
Article source: www.loanarticles.co.uk |
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