Wednesday, March 19, 2014

Path to Prosperity

Another large lottery jackpot split by "winners" in two states was hyped this morning by the main stream media. These dinosaur media flacks do not promote economic education, including the value of thrift and industry, but they do breathlessly broadcast the growing jackpots of state-sponsored lotteries. If a legal casino was promoting games that had as low a chance of winning as lotteries do, they would rightly be closed down by state regulators, but when the state is the entity reaping huge rewards from a game of chance that is next to impossible to win, then by all means, officialdom says "play". What better way could you come up with to separate desperately poor or not especially bright folks from their money? Dread not though, if you spend your last dollar trying to win Powerball or Mega Millions, you can always rely on your EBT card for your next meal.

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