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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts
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To: mph who wrote (51195)9/6/2000 10:18:10 AM
From: Original Mad Dog  Read Replies (1) of 63513
 
Yes, but the lottery is a tax even when you lose .... cause they drain half the money off to feed the politicians (usually under the guise of funding schools that they were gonna fund with other revenues anyways). That's why I call it voluntary taxation.

And then if you do win (which is roughly as likely as getting struck by lightning on a sunny day) you give nearly half of it back in taxes on the winnings. So the house gets half before the payout and another half afterwards. What a scam!

A friend of mine has a great description of the lottery: He calls it a solution for poverty. You take money from lots and lots of poor people, pool it together, and give enough of it to one poor person so that they are not poor anymore. Solving poverty, one poor person at a time.
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