No, you didn’t win

Posted: 14 January 2016 in Uncategorized
Tags: , , , ,

Odds are you purchased a ticket for the $1.5 billion Powerball lottery—and, as you now know, you most certainly did not win.

But you already knew that state-sponsored lotteries represent a gigantic tax on the poor: they generate substantial regressive tax revenues, since low-income players spend a much higher proportion of their income on lotteries than anyone else.

What you might not know is that, at least in one country, the Supreme Court has recognized this problem and upheld the ban on lotteries enacted by one state, with the following argument:

Experience has shown that the common forms of gambling are comparatively innocuous when placed in contrast with widespread pestilence of lotteries. The former are confined to a few persons and places, but the latter infests the whole community; it enters every dwelling; it reaches every class; it preys upon the hard earnings of the poor; it plunders the ignorant and the simple.

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