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TheOldBarn

The Big Mega Lottery

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Everybody was talking about the 1.6 billion dollar stake in the Mega Lottery this last week. I was thinking myself of the odds. I imagine a lot of rich and poor people rushing out to buy whatever they could afford, or those who knew better considering the odds, who still bought a few.

It reminded me of Malcolm X when he was young getting deep into playing the numbers racket, some illegal betting scheme people in Harlem used so that they could possibly rise up somewhat

from the poverty that seemed otherwise inescapable. 

 

The first real lotto's that came about came with all the political struggles behind the fear of betting or playing the numbers. But sanctioned by the state, they thought the lotto, almost like a tax, could bring in needed revenue the voting public might like. After all, you could possibly win something yourself and become rich. And conversely, the revenue will help out the state coffers who need the revenue for education, or as they say to help bolster the states general fund. And lord knows the state needs a lot of help with that.

 

So eventually that whole thing kind of went viral. You know, tax aversion is a tribal thing gone viral as well. We all pay too much tax, and which tax will hurt the poorest class? It becomes a difficult

question to raise the gasoline tax, since a lot of poor folks work more than one job just to survive and they need to get from point A to point B, and there is no public transportation to get them to either place because the state cannot duly afford a good public transit system.

 

The roads were built for cars. Not for any other type of transportation. If you want to traverse by bicycle, god bless your sweet heart, but do watch out because the roads were built only for cars.

 

Hey I mean, let's just let people legally gamble, and tax the gambling industry, after all, it's a win win for everyone they say. I should say, I don't know about that personally. I mean I am not completely apposed to betting per say, but when it comes down to important tax legislation, I just cannot agree that it is any type of answer to the problems besetting us all. 

 

It ain't gonna build a better infrastructure that makes sense, and it ain't gonna make better schools, or fix healthcare, or work to mitigate climate change that's on a path to really threaten many peoples life all over this Earth soon. 

 

Anyway, let those mega millions remind you all that all is not well, is like a statement I would like to see printed on each lotto ticket. Sort of like the warning they are required to place on each pack of cigarettes. I'm kind of kidding here, but not completely. 

 

What good is it to live in the richest country in the world when there are many other countries that are much smaller where people live better, is a good question. I'm sure they have lottery's there too.

 

 

Peace!

 

 

 

 

 

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10 hours ago, TheOldBarn said:

It ain't gonna build a better infrastructure that makes sense, and it ain't gonna make better schools, or fix healthcare, or work to mitigate climate change that's on a path to really threaten many peoples life all over this Earth soon. 

 

Nope.  These funds are just another revenue stream.  If they weren't getting money from the lottery, they'd have to raise some other tax, but there's probably no impact on services provided.

 

From a purely selfish viewpoint, I love legalized gambling/lotteries.  The government gets funding it needs and I don't have to pay for it.  About 35 years ago, I liked to gamble a little.  I had a few working trips to Vegas and got to spend some off time in the casinos.  I thought it was cool.  I wanted to win.  But, when I got serious about trying to win, I figured out...it's not possible.  Oh, sure, you can have a good day or two, but in the long run you...will...not...win.  At least, not against the 'house'.  You can't fight the math.  That realization took all the fun out of it for me.  So, I don't gamble anymore, not even lottery tickets.  If others want to donate, more power to 'em (and lower taxes for me).

 

Morally, should government be in the gambling business?  That's a tough one.  People seem to like it and I'm generally in favor of people being allowed to do what makes them happy.  Lots of gambling will happen anyway, whether the government allows/participates or not.  The profits might as well go to a good cause, right?  

 

On the other hand, gambling is addictive and primarily harms our poorest citizens.  CBS News reported that households earning less than $30k per year spend an average of $412 per year on lottery tickets while those earning more than $75k per year spend about $105 on the lottery.  That makes the lottery an very regressive form of taxation.   A 2016 Gallup poll reported that lower income families are less likely to buy a lottery ticket (40% vs. 53%).  If only 40% of low income families buy lottery tickets, but the average household is spending $412...that means families who did buy tickets are spending over $1,000 per year.  Imagine if they put that money into an IRA or paid off loans or a child's college fund or ...  so many possibilities.

 

If I had my way, the one thing I'd change is that there would be no advertising.  It really chafes me to see government funded ads trying to trick poor families into buying lottery tickets.

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5 hours ago, Renegade said:

Spam

 

Thanks.  Got rid of it.

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yeah my state open a lottery to improve our schools then they reduced the budget to schooling and let the lottery cover it 

 

then they wanted to put in slot machines at the horse tracks to get people to show up and keep horse racing alive and again improve our schools with a portion of the proceeds

 

 sorta like holding kids hostage to get a vice made legal

 

 

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