Friday, May 13, 2011

Regarding Black Friday and the Bitter Aftermath

By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest. - Confucius

There have been many times in my life that I have regretted being right; this is certainly another one of those times. I have suggested (on this blog, in comments on other blogs, and on 2+2 ) for a long while that it would be better for online poker to be officially recognized as legal, to be regulated by the government, and (yes) taxed. This would have ensured our collective ability to play online poker indefinitely. Sure, we would have to pay the appropriate taxes on winnings, but we should have been doing that anyway. There were many (often rational) voices out on the web that decried the idea that official legitimacy would be a good thing for online poker and thought that legalization would be worse than the nebulous status we used to enjoy pre-Black Friday. Well friends, what say ye now?

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