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by potato3732842 473 days ago
I've always considered it a Freudian slip because the people who see gambling as screwing poor people out of their money are mostly the same people who are in favor of boutique taxes and government carrot and stick type stuff.
2 comments

The same people screaming to legalize weed because enforcement doesn't work. If I could change the lottery I would remove the inflated annuity value vs lump sum. And incorporate the tax into it too, so the jackpot amount is, in fact, the amount the winner gets deposited. I would also like to see a limit on the odds. The current 175M-1 or whatever is just obnoxious. Maybe 50m-1 or a bit higher. I once approximated the chances by expressing it as choosing one particular house, in a major US city. And from there, choosing one specific power outlet in one room. What's worse is the ticket prices is increasing soon to $5 from $2. So we're going to see more of these multi billion dollar jackpots that the media love to play up.
As far as I am familiar, considering the actual cash flows, state lotteries do very strongly tend toward screwing poor people out of their money. Do you have some evidence otherwise?