US Powerball is $1.5bn, the poor subsidising the rich!

[TheFuturist]

This is daylight robbery of the poor, who are in fact subsidising the rich.

Lottery is a clandestine regressive tax on the poor, with $70 billion dollars spent by mostly poor Americans in 2014 on buying lottery tickets, the majority of which goes to government. Around 20% of US states earn more tax revenue from lottery sales than from Corporation tax.

Over 50% of lottery revenues goes to government in the form of federal, state and city taxes. Some of this money will be used to REDUCE property taxes, particulary in states like Wisconsin, as well as sales and income taxes, whilst a preportion is used to fund public services. This results in the relatively affluent getting a tax rebate, whilst the relatively poor fund the difference.

That's really f'd up.

[TheCadaanGuy]

I knew that the lottery is a stupid man's tax.

Never knew that it funded certain things making it a poor man's tax.

[Siciid85]

https://www.youtube.com/watch?v=3j0AaYto0Fc

[GAMES]

Imagine if no one wins it tonight. It would probably go up to $2 billion by next week as even more people go out to buy tickets.