B
BamaRider
Guest
I don’t know. What say y’all?
I suppose hedge fund managers will be taxed less than a person’s prize when they win the jackpot of a lottery.I don’t know. What say y’all?
Great post.I do have some moral issues with heavy advertising targeted at low-income folks, though.
Iowa briefly sponsored a lottery which was played on machines very similar to slot machines - in side by side comparisons it was difficult to tell the two apart. These lottery machines could be found in a great number of bars, convenience stores and even grocery stores and often the establishment would provide a stool for persons to play over and over.I have always regarded lotteries as a tax on stupidity. When California first started the lottery my boss noted that his family had bought $20 worth of tickets and won $7. He wondered what they should do now. I told him to quit while he was ahead. He noted that he was $13 behind. I assured him that was as close to being ahead as he would ever get.
Ours support college bound students with scholarship moneyI don’t know. What say y’all?
The money is not enough to buy Larry Ellison’s house or his yacht simply by winning the lottery.Loteries are a tax on stupidity or maybe a tax on hope.
I know this may get me kicked off the board or struck by lightning but here goes: I periodically put a single dollar down on the lottery for religious reasons. If God wants to perform a mirracle and make me a millionaire I have to do my part to give him the opportunity right?
One lottery ticket = 4 games of pinball but it lasts longer. Having the lottery ticket in had gives a chance of reflection of what I would do with the money. How much would I give to the church? Could I pay off the building fund? What difference could I make in peoples lives? Could I make more of a possitive impact by investing in a buisness? etc. Also, the innevitable confirmation that God does not intend for me to get rich quick is a comfort in dealing with the drudgery of my daily work life.
You poor sad person I hope that someday you will meet the same type of people I have had the privallige of meeting Maybe you will see that many will do good for the sake of doing good, even at the expense of profit.People do not start businesses to make a positive impact.
Reminds me of “Fiddler on the Roof” where the main character (I can’t remember his name) says about wealth, “May the Lord strike me with it and may I never recover!”If God wants to perform a mirracle and make me a millionaire I have to do my part to give him the opportunity right?
One lottery ticket = 4 games of pinball but it lasts longer. Having the lottery ticket in had gives a chance of reflection of what I would do with the money. How much would I give to the church? Could I pay off the building fund? What difference could I make in peoples lives? Could I make more of a possitive impact by investing in a buisness? etc. Also, the innevitable confirmation that God does not intend for me to get rich quick is a comfort in dealing with the drudgery of my daily work life.
Ribo…I disagree. Some people do start business to make a positive impact. I know a couple people who did. This obsession with Soros is not healthy…The money is not enough to buy Larry Ellison’s house or his yacht simply by winning the lottery.
If I had money, I’d use it to promote liberalism and Rawlsian values. Soros used his money to promote the values of Karl Popper, and I respect that.
People do not start businesses to make a positive impact. It is better to gamble away money on a certain hedge fund manager than games of chance. I remember reading that 10% returns in the average return for a hedge fund in 2007.
What people do you know?People do not start businesses to make a positive impact.
And of course, if the casino operators had asked for permission to put their slot machines in convenience stores, groceries, &c there would have been outrage.Iowa briefly sponsored a lottery which was played on machines very similar to slot machines - in side by side comparisons it was difficult to tell the two apart. These lottery machines could be found in a great number of bars, convenience stores and even grocery stores and often the establishment would provide a stool for persons to play over and over.
A newspaper story revealed that those lottery machines paid roughly (I don’t remember the exact statistics) 67 cents for every dollar spent. In contrast, the slot machines in the casinos (Iowa has a few) paid roughly 93 cents for every dollar spent. Logic would tell a person to just wait to go to the casino, but the lottery machines were a big hit.
Not that I completely disagree but…**No. It preys on the poor who are the ones who spend what they have in the hopes of getting a better life by winning money, which is a false hope. It affects one personally, and affects the family in negative ways. **