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

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