18 Signs That The Lottery Is Preying On America's Poor

From our friends from No Plainville Racino who posted this great article below about the regressive nature of the LOTTERY - and Massachusetts State Treasurer Steven Grossman wants to suck even more money from the poor? [Click on the link for additional information.]

Maybe it's time for sensible fiscal reforms in Massachusetts.

18 Signs That The Lottery Is Preying On America's Poor
Dina Spector, Gus Lubin and Michael Kelley
Business Insider

A week after America went crazy over the record Mega Millions jackpot, we want to reiterate the cruel truth about lotteries.

They are (1) regressive taxes on poor people, in that a ticket costs relatively more for a poor person than a rich person, and (2) punitive taxes on the poor and uneducated people who are the most avid buyers.

The people who can least afford it are throwing away on average 47 cents on the dollar every time they buy a ticket. And the government, which relies increasingly on the lottery for funding, goes out of its way to tell them it is a good idea.

Obviously we have an opinion here, but it is an opinion grounded in numerous studies.
Click here to see the proof >

Read more: http://www.businessinsider.com/lottery-is-a-tax-on-the-poor-2012-4#ixzz1rTBmiOtC



In Massachusetts, the state with the most popular lottery, annual ticket sales amount to a staggering $663 per citizen in 2003.
Read more: http://www.businessinsider.com/lottery-is-a-tax-on-the-poor-2012-4?op=1#ixzz1rTCfgSW0