Lotteries

Lotteries

3/26/2016

link

https://www.theatlantic.com/business/archive/2015/05/lotteries-americas-70-billion-shame/392870/

summary

This article delves into the phenomenon of lotteries in America and criticizes their impact on society. It highlights the fact that lotteries have become a significant source of revenue, generating billions of dollars each year. However, the article argues that lotteries target those who can least afford to play, often leading to a regressive tax system. It sheds light on the disproportionate impact of lotteries on low-income individuals, who spend a higher percentage of their income on tickets. The article also explores the psychological allure of lotteries and the false hope they provide. Ultimately, it questions the ethics and fairness of relying on lotteries as a source of funding for public services.

tags

lottery ꞏ gambling ꞏ american economy ꞏ poverty ꞏ inequality ꞏ social issues ꞏ public policy ꞏ addiction ꞏ financial literacy ꞏ tax revenue ꞏ government ꞏ social welfare ꞏ wealth distribution ꞏ socioeconomic disparities ꞏ chance ꞏ luck ꞏ entertainment ꞏ psychology ꞏ consumer behavior ꞏ money management ꞏ state revenue ꞏ education funding ꞏ tax burden ꞏ economic mobility ꞏ income inequality ꞏ social justice ꞏ risk-taking ꞏ financial inequality ꞏ economic impact ꞏ poverty alleviation ꞏ regressive tax ꞏ economic policy ꞏ social inequality ꞏ economic inequality ꞏ social programs ꞏ socioeconomic status ꞏ poverty cycle ꞏ social mobility ꞏ socioeconomic factors ꞏ economic development ꞏ social safety net ꞏ income distribution ꞏ social consequences ꞏ fiscal policy ꞏ public expenditure ꞏ economic justice