Bad Lottery

I recently read some figures about the lottery system in this country.  How sad that as the economy muddles through some tough times, the lottery revenues remain steady.  As people complain, and mostly it is the people in the lower income-strate, is it not terrible to you to know that state governments actually encourage people to participate!

Twenty percent of Americans are frequent players, spending about $60 billion a year. The spending is starkly regressive. A household with income under $13,000 spends, on average, $645 a year on lottery tickets, about 9 percent of all income. Aside from the financial toll, the moral toll is comprehensive. Here is the government, the guardian of order, telling people that they don’t have to work to build for the future. They can strike it rich for nothing.

This is not even to mention payday lenders with their promises of fixed cash that over 15 million Americans use every month.  Credit card companies target the lower income people and students who are most vulnerable to abuse and waste.  The federal government is quite possibly the worst example of savings and financial frugality as they borrow as much as possible written off to future revenues that they have no intention of paying off. 

All of these things encourage a lottery system where the magic payout is just waiting for you if you will only participate.  Vegas is just around the corner but if you do not have the cash to make it there, or if your local Indian Reservation is too far away, just drive to the corner store and give the government your money with hopes that you can make it big!

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