The following is a paraphrased take on what Warren Buffet and Charlie Meinger told the apparently, 27,000 people who were in attendance at the Berkshire Hathaway annual meeting hold recently in Comata

Dear Nancy,

 I am so thrilled that you have started this paper! It's high time we have a real valley paper again! You and your staff are doing a wonderful job and I'm enjoying every minute of it!

Thank you from a 49 year resident and fan of your exquisite Quarter Horse breeding program. I always look forward to attending functions at your ranch and seeing old friends.

Keep up the good work! The "old timers" are behind you 100%!

C.C. Beaudette - Wellman

 

 

Congratulations

Congratulations on the high-quality content of the current issue; it was a shock to read that Steve Dennell had passed away.

The Valley Journal is SO much better than ANYTHING else printed in and/or about Santa Ynez Valley. Keep up the great work.

Jim Buckley

Montecito

 

 

Response to Political Opinion Black Gold, Texas Tea, Oil

Published on May 11 th

Good sensible article, David. Keep them coming.
Mel Oshins

 

Dear Nancy,

Hi Nancy, I was wondering if your Valley Journal would be running an article on the deer control measures in place to keep them away from vineyards.  It seems that poisoning is not a very good idea.  If the vineyard owners are shooting them — well I guess it’s their right, but certainly poisoning is a bad idea.  Several W.E. Watch members called and wanted to know if there would be any follow-up information on the deer and how they are controlled.  By the way your paper and your editorial section is doing a wonderful job.  Keep it up.  Everyone is reading it.  We needed a newspaper like this for sure.  

Thanks, Carol Herrera

 

Thanks, Carol-

We will surely be doing more stories on the deer and the other wildlife in the Valley. They are an important part of our environment as well as giving us great viewing pleasure. We have always shared our alfalfa with the deer, oats too, because they need to eat too but I guess it’s someone’s right to keep them out of their crop because they are voracious eaters! I guess I have very mixed feeling on the subject, although I don’t find it necessary to kill them.

Glad you like the paper- we want to get the truth out to everybody and let them decide for themselves.

Nancy

 

 

 

 

Some Facts About Gambling

At the annual Berkshire Hathaway meeting in Omaha, with  27,000 in attendance, Warren Buffet was asked about gambling. He said the human desire to gamble is huge.  When it was only in Nevada you had to travel from far away, but now States are legalizing it.  The easier it is, the more people will gamble.

"I bought a slot machine a long time ago and I put it in my house.  I could then give my children any allowance they wanted as long as it was in dimes, and I had it all back by nightfall. I wanted to teach them a good lesson.  People will always want to gamble, but to quite an extent gambling is a tax on ignorance. I find it socially revolting when a government preys on the ignorance of its citizenry.  When the government makes it easy for people to take their Social Security checks and pull (slot machine) handles, it relieves taxes on those who don't fall for it.  It's not government at its best."

Charlie Munger, Buffet's long time business partner said “It’s a dirty business and you won't soon find a casino in Berkshire Hathaway."

Jason Zweig writes the following about Neuro-economics

"Much of our decision making occurs in the limbic system, or unconscious brain. This makes it difficult to spot, let alone fix, decision-making errors.”

The Prediction Addiction

Dopamine functions as a neurotransmitter, a chemical that relays and amplifies electrical signals between neurons and other cells in the brain. Consider dopamine a method of communication between brain cells. A surge of dopamine is largely associated with expectations/anticipations, not with the actual occurrence of the expected event. This explains why people play slot machines in the face of poor odds. The dopamine pleasure arises from the anticipation of winning. Even after not winning the slots over and over, a slot player can still "get high" by playing again, thus triggering another surge of dopamine [fed by the anticipation of winning the next time].

The slot machine player pulls the lever over and over, each time triggering a dopamine "hit" of anticipation. In a very real sense, the dopamine high is an addiction, which explains the prevalence of problem gamblers in society".

Richard and Gretchen Kieding

Solvang

 

Commentary by Kathy Cleary

Making Cents of Tribal Donations

It is very important that Community members and the Santa Ynez Band leadership are able to voice their opinions in a public forum to shed more light and provide greater understanding of the tribal gaming industry.  Although some say this public discussion is a mean attempt to divide the community, dividing the community is not the goal.  The goal is to get people to think about an industry that affects every person in the Santa Ynez Valley, and thousands of people in the surrounding area.

Most people now realize that tribal casinos are not subject to the same rules that the rest of us follow, and tribal casinos are not taxed.  Because they do not pay taxes and because they impact communities, it is mandated by law that casino tribes must contribute to a Special Distribution Fund (SDF) to attempt to mitigate the impacts of the casino.  These monies distributed through the SDF are mandatory but are often referred to as “donation” dollars.

The important points to remember are that the gambling industry profits when people lose and this industry does not pay taxes. Who are the people gambling?  Where are these “donation” dollars coming from?  Here is more food for thought:

In 1999, the bipartisan National Gambling Impact Commission found that 80 percent of gambling revenue comes from households with incomes of less than $50,000 a year.

The Chumash Casino makes over $250 million dollars a year profit.  If it were taxed at the same rate as every other corporation, it would pay about $112 million dollars a year in taxes.

On 5/21/05 El Tiempo Newspaper reported the impact of gambling on Latinos. “Going on now three years, every two weeks after finishing his job cutting cilantro or spinach in Arroyo Grande, Moises catches a free bus ride for his “ride to riches.”  The article quoted other Latinos discussing gambling.

On 9/21/05 the Santa Barbara News Press reported the impact of gambling on college students.  “College students take the gamble.”  “According to the Division on Addiction at Harvard Medical School:  Student gamblers are more likely to drink alcohol, to binge drink and to have unprotected sex as a result of drinking.  Of the 33 personal behaviors closely linked with binge drinking, 29 were also significantly related to gambling.”

Citizen at 2/27/07 Board of Supervisor Hearing:  “I found a number of entries where she actually brought money home with her. However, the net just before she died was nearly a 50,000 dollar loss, This by an 86 year old widow of over 35 years, who was living on Social Security, and a very small income from one of a, from a one day a week bookkeeping job. She got hooked because it was easily accessible to her and right in her community.”

In addition, the Santa Ynez Band of Mission Indians continues to receive federal subsidy.  It is approximately 1.8 million dollars a year.

When people discuss the benefit to the many recipients of tribal donation dollars, they choose not to think about, or discuss, where these “donation” dollars are really coming from.  Certainly, gambling is a form of recreation when it has not become an addictive process.  Nevertheless, “donation” dollars come from gambling losses, plain and simple.

Although recipients of “donation” dollars greatly benefit, let’s not be naïve.  This “donated” money is also being used as a powerful marketing tool to buy community and political favor. This favor is used to justify the industry, buy local, state and federal elected officials, and promote expansion of the gambling establishment.

2/13/07 Board of Supervisor Hearing, Chairman Armenta:  “We will through time and time again, have conversations about expansion. And we're gonna continue to do it, as a tribal government, because that's our right. And we're gonna do it.”

This means an additional 5000 more slot machines.  Currently the Chumash Casino has 2000. 

Our elected officials are selling us short as they live for any dollar they can get today…without regard for the future.  If we do not speak up loud and clear to the politicians, including the fine Governor of California, Schwarzenegger who wants to use gambling money to help balance his budget on the backs of rural communities, our community will be sold out to a sovereign government for gambling dollars.

Special Distribution Fund dollars are required by law because tribal casinos do not pay tax and casinos harm communities.  Let’s not glamorize these dollars as “donations.”  Let’s not forget that they are being used as a tool. And, most importantly, let’s not forget who they are really coming from: the California tax payer and people who have lost their money in gambling, the majority of them low income wage earners.

Preservation of Los Olivos, P.O.L.O.

Kathy Cleary