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No, that is faulty logic. When you make a purchase for a good, the tax is added, and you don't have a choice.
One does not need to buy a lottery ticket.
If you really want to you can avoid sales tax. For starters you could make all of your purchases in a state with no sales tax (they do still exist). Buy used, buy online, etc. It's a difference of degree, not of kind.
Most of the people that I know who are heavy lottery players are barely making ends meet.
This just goes to show that people have misplaced priorities.
No different than wasting your liver away at Happy Hour or scarring your lungs with cigarettes.
The first of the month wonders were out in force with that Mega Millions Jackpot a modern day Beverly Hills rags to riches fantasy while living off the government or should I say the backs of hard working Americans.
The amount of money that the poor spends on lotto tickets doesn't even come close to all the money that they receive in welfare benefits, WIC, EIC and other redistribution schemes.
A curious observation but in fact it largely is a tax on the poor and those with more hope than reason.
Indeed there will be a winner but with the odds being 1 in 176 million. It would be more likely to have a hole in one...in fact more likely to have 2 of them in one day.... Does anyone in CD know someone first hand that got a hole in one? I know 3 lottery winners.... kind of odd but true.
The type of people that are needy and waste precious money on the lottery are probably, and not all of them but the type of folks that mismanage their money on a lot of things.
I am not needy and used to spend two bucks a week on the lottery. the most I ever won was 99. dollars for matching four of the six numbers in the original Texas lottery. I cashed that thing in quickly, drove to the nearest HEB and didn't even splurge except to buy our daughters some Blue Bell Ice cream.
Of course, it's not a tax. It's a voluntary participation in a game of chance. The 1%ers never buy lottery tickets.
Why should they? They're the ones printing them, along with paper money and promissory notes. Those pesky 1%'ers!
Quote:
Originally Posted by Supachai
The amount of money that the poor spends on lotto tickets doesn't even come close to all the money that they receive in welfare benefits, WIC, EIC and other redistribution schemes.
Good point - so it's actually the middle class and wealthy that are paying for their lotto tickets THROUGH welfare and social programs. Go Team!
Don't they realize that if they win, they may end up being part of the dreaded "one percent"?
Everybody has the right to dream. We have occasional lottery pools at work, but only for the really big jackpots.
They won't be in the 1% for long seems how the majority of lottery winners go overboard with spending and end up bankrupt.
I am someone who worked for a store that sold lottery tickets on a daily basis. The majority who came in were poor people who were looking for an easy way to get rich, by not working of course. I even had one lady ask me if she could buy lottery tickets with her food stamp card. She got real mad at me when I told her she couldn't. When the jackpot was large, then I would see pretty much everyone come in and play.
Most of the people that I know who are heavy lottery players are barely making ends meet.
This just goes to show that people have misplaced priorities.
Freedom of choice and the responsibility that comes with it.
The real tax against the poor is inflation by the printing of money to cover out of control spending.
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She got real mad at me when I told her she couldn't. When the jackpot was large, then I would see pretty much everyone come in and play.
