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abolish.
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Charlie Bilello
@charliebilello
Americans spent over $113 billion on lottery tickets last year, which is more than they spent on movies, books, concerts and sports tickets - combined.
David Watson 🥑
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I think there’s a utilitarian case to be made that it’s probably less destructive than if that money was funneled into drugs, alcohol, and tobacco but also organized crime would likely take up a lot of slack with their own numbers gambling if state lotteries were banned
I drove across the Dominican Republic, and there were lottery shacks every 20-30 meters in small towns There is a law that states lottery shops must be separated by min 200m but even this is ignored For many of the poorest people, a lottery ticket is their only hope out
A tax on poor financial literacy, which goes into educational funding. The only real issue is whether the schools adequately teach why lotteries are dumb.
Depends on the state but a lot of that money supplements schools, public pensions, conservation, etc.
if you think state lotteries are bad, you’re going to hate cartel-run lotteries
This may actually be rational behavior. The poorest are the least capable; those who will never be able to increase their income through conventional means. The odds of winning the lottery for them is likely higher than the odds of them gaining meaningful employment
NO! You change it to low yield investments with raffle prizes. Coordinate right between federal and state levels, and you can make some cool programs.
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