Forum Thread

Are lotteries good for society or a bane on the lower class?

Reply to ThreadDisplaying 5 Posts
  • Center Left
    Independent
    Denton, TX
    Are you sure you want to delete this post?
        
    State and local government create a huge revenue stream with lottery sales most states get more from lotteries than they do from corporate income tax. With that money they pay for education and plenty of other necessary services. However there seems to be a huge hidden downside. With odds stacked sky high against actually winning a jackpot, lottery players lose an average of 47 cents on the dollar for each ticket. Since studies show that lottery tickets are purchased primarily by the poor, it has been argued that the idea of lotteries preys upon this vulnerable demographic. Some people have gone as far as calling it a tax.

    I personally don't consider it a tax. Buying a lottery ticket is completely optional. Some people find spending a couple bucks a week on tickets just a fun thing to do. Not much different than going to see a movie or hitting the bar for a drink or two. I'm sure there are other pros and cons that I haven't addressed. The Mega Millions lottery is huge this week and I'm sure there will be a lot of talk to come about it. Have a missed anything on this topic?
  • Center Left
    Independent
    Central, FL
    Are you sure you want to delete this post?
        
    Zach,
    Interesting question. I play the lottery often. I play knowing the odds are very much against anyone winning. I believe the odds on the Mega Millions is approx. 1 in 277 million. However, if you can afford to play it's your choice how you want to waste some money. I justify it by saying it's going towards the schools. Far too many people think the lottery should entirely pay for education. The revenue's will never do that. I play knowing that someone has got to win. Who knows, maybe one day it will be me.
    Then I'll need a very good financial advisor so I can be very generous without my kids and others having to pay the gift tax.
  • Liberal
    Independent
    Durham, NH
    Are you sure you want to delete this post?
        
    I'd say no. They only prey on the poor. But, as Tony says if it gives you some pleasure and you can afford it why not? The problem is as usual there are always a small segment that can't afford it and abuse it and then their families suffer.


    Personally, I'm not a gambler. The only thing I bet on are sure things! Buying a lottery ticket or going to the races or a casino are probably the last things I would ever consider doing in my life.
  • Center Left
    Independent
    Central, FL
    Are you sure you want to delete this post?
        
    pr Wrote: I'd say no. They only prey on the poor. But, as Tony says if it gives you some pleasure and you can afford it why not? The problem is as usual there are always a small segment that can't afford it and abuse it and then their families suffer.


    Personally, I'm not a gambler. The only thing I bet on are sure things! Buying a lottery ticket or going to the races or a casino are probably the last things I would ever consider doing in my life.
    PGR,
    I believe that's why (at least) the Ohio lottery has started printing a toll free number on tickets for people with gambling issues. They also list that on bill boards advertising the lottery. It doesn't solve the problem but it's a problem that each consumer can say no to.
  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    TJ Wrote:
    pr Wrote: I'd say no. They only prey on the poor. But, as Tony says if it gives you some pleasure and you can afford it why not? The problem is as usual there are always a small segment that can't afford it and abuse it and then their families suffer.


    Personally, I'm not a gambler. The only thing I bet on are sure things! Buying a lottery ticket or going to the races or a casino are probably the last things I would ever consider doing in my life.
    PGR,
    I believe that's why (at least) the Ohio lottery has started printing a toll free number on tickets for people with gambling issues. They also list that on bill boards advertising the lottery. It doesn't solve the problem but it's a problem that each consumer can say no to.
    Sorry to say your whole life is a gamble here in the USA; you may get shot or win the football pool or get high and get arrested or your hamburger gets stolen; whatever you want; the price is right. WOwwwwwwwwww.