What is so bad about Internet gambling? [View All]

I have never gambled in my life, except for occasionally purchasing lottery tickets. But people do gamble; there are major industries that sustain cities and states. Gambling is a major contributor to our economy so what's the big deal about Internet gambling? Why shouldn't people do with their money what they want?

Yes, at some point they may be dependent on our tax money but does anyone think that living in the street and on welfare is such a glamorous goal?

Here is an idea. Tax the revenue of all gambling activities and put them in a special fund to help the ones who lost everything while gambling and are now jobless and homeless.

I am quite certain that this would end up with a net positive cash flow.

What am I missing?