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[QUOTE="zachvac, post: 669909, member: 26306"]
haha yeah I got those credit card offers as well, pretty sure someone younger than 18 would get denied. The height of the irony was that despite all the offered credit cards I got denied on my first application after turning 18 because of lack of credit history. But I got one through a student program and don't carry a balance on it ever. That's probably actually one of the best money management lessons. If you can't afford something, don't just buy it with a credit card and pay the minimum balance. The month I bought college books the credit card bill was $400+. The minimum balance? $10. Pretty sure interest alone by the next month would have been close to another $10.

What exactly do you mean by pay taxes? I had a job when I was 16 and had money witheld for social security, but I didn't make enough to pay income tax on it. Should I have by your standards been allowed to gamble? Again, I think this is a case by case basis, and who is a better judge than the parents? If you don't think your child is ready to gamble at age 16, whether he likes it or not, you are in charge of him until he turns 18. If on the other hand a 14-year old really enjoys playing the game and wants to spend his weekly allowance on a low-stakes (1c/2c or something like that) poker with his friends and his parents think he's ready for it, he can do that. I think too many decisions that should be that of the parents are being made by the government these days.
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