Saturday, March 31, 2012

losing the lottery

the odds of winning last night's mega millions lottery were 1 in 176 million - about the same as getting hit by lightning while being attacked by a great white shark in your bathtub.

we spent almost $2 billion in 1 week on this pipe dream.

americans spend more on lottery tickets than on books or movies, and 1 in 5 of us believe that winning the lottery is the best way to achieve financial independence. so while we're apparently not poor enough yet, our national iq has slipped down into the cow range.

we've said it before: lotteries are a tax on the poor and the hopeless, who are the ones who buy most of the tickets (instead of food, clothing, education, or something that might actually make a difference in their lives). the media never talks about that, or about how lotteries encourage gambling addiction, which is just as real as addictions to drugs or alcohol.

the next step will be web-based gambling, because states have become so dependent on this revenue stream that they can't get enough of it. that nonsense about lottery money going to education isn't even mentioned any more.

you might as well set your money on fire.