answersLogoWhite

0

Is the lottery good

Updated: 12/19/2022
User Avatar

Wiki User

12y ago

Best Answer

it sometimes depends because you can lose alot of money on it but if you win you can win alot of cash. its more on luck.

Another answer:

In the US, lotteries are run by state governments as a system to raise money. Lotteries always take in more than they pay out. In many states, the profit is used to fund education; in others, the profit goes into the state's general revenue.

Lotteries are a way for states to get additional income without raising taxes. Taxes are unpopular and politicians who advocate raising tax rates are frequently voted out of office. Lotteries are more politically acceptable than taxes because they are voluntary--you don't have to play the lottery. In this respect, lotteries are called "a painless tax".

The primary criticisms of lotteries are based on ethical principles. Lotteries encourage people to spend money on a long shot rather than save and invest their money. Since lotteries are designed to pay out less than they take in, the people who play the lottery, on average, always lose. The lottery always offers a negative return on investment. Consequently, lotteries have been called "a tax on people who are bad at math".

Other critics point to the fact that lotteries are particularly popular among people in lower income ranges. These are the people who can least afford to lose money on a speculative investment. It is said that lotteries are a tax on the poor: a regressive tax. Lotteries discourage disadvantaged people from saving and investing, with the result that they are never able to lift themselves or their children out of the cycle of poverty, ignorance and dependence.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is the lottery good
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a good thesis statement for The Lottery if you have to write a 12 paragraph essay on tradition?

A good thesis statement for an essay on the Lottery should include three or four major aspects of the Lottery. The statement should include the origin of the lottery, the purpose, the how to of the lottery and finally the effects of the lottery.


What does winning the lottery in a dream mean?

Something really good will happen to you in the near future. It may not be winning the lottery, you can bet it'll be good!


What is the purpose of the lottery for the town?

The purpose of The Lottery is to ensure enough rain to have a good corn crop the following June.


What is a good number to play for the lottery on Friday the 13th?

123456


What are my chances of winning the lottery?

very good you should play


How i won the lottery without issueing or registeration a London lottery ticket is it true or not?

No, it is a scam, sorry. It is safe to say that if you did not enter a lottery you could not win it. If it sounds too good to be true, it is! Don't get scammed!


Is the Pennsylvania Lottery is 500 a week for life still good?

yes


What is the most frequent 4 digit lottery number drawn in the michigan lottery?

Good morning qauds 0-9 nex


Why does the lottery take place in the book the lottery?

In "The Lottery" by Shirley Jackson, the lottery takes place as a traditional ceremony in the village to ensure a good harvest. It is a ritual that has been passed down through generations, and the villagers believe that performing the lottery will guarantee prosperity for the community. The disturbing outcome of the lottery serves as a critique on blind adherence to tradition and the dangers of groupthink.


How can one participate in the Arkansas lottery?

There are a number of ways that one can participate in the Arkansas lottery. For example, one can purchase a Scratch-off ticket or Play It Again. For more detailed information visit the Arkansas lottery website. Good luck!


Can you fine me a free lottery strategy for ill?

I wood like help from you good people to fine a free strategy for Illinois lottery pick 4 and 3 think


What is a good sentence using lottery?

Lotterey makes a person greedy, lazy,and ignorant.