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Poor people spend 9% of income on lottery tickets
It's a good thing they can't buy them with food stamps.
http://www.dailyfinance.com/2010/05/...ets-heres-why/ |
It ain't the rich keeping these people down... :2 cents:
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Watch all of the "every now and then" people rush out to buy a ticket when there's an occasional big payoff. They don't realise that since everyone else is doing the same (impulse buy because of the big jackpot), the effective average payout is actually lower than if they'd just bought during a normal week.
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I'm confused. You mean playing the lottery, renting 24" spinners for my 94' chevy caprice, having cool cell phones, designer jeans and buying gold grills for my teeth isn't going to make me rich?
That just makes no sense. I thought poor people were just "disadvantaged". I had no idea they actually make retarded choices and behaved irresponsibly. |
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:1orglaugh:1orglaugh:1orglaugh |
I am sure some of our liberal friends here will chime in soon and sort this all out for us.
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What annoys me is that I can't get gas and walk in and buy a bottle of water because it feels like 10 idiots are always in front of me trying to buy lottery tickets and of course, no brilliant decision like that can be made quickly... so many pretty colors to choose from. |
I do not understand.
Are you saying that 99% of GFY is playing the lotto religiously? :helpme |
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The vast majority of the poor in the United States are poor because they have high time preferences (http://en.wikipedia.org/wiki/Time_preference) and low IQs.
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Buying lotto tickets is my plan for funding my retirement. Plus while I'm there I can buy my daily 18 pack of Coors light. Gotta have a plan and stick with it.
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the only way to make money using a lottery is by running your own lottery.
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I heard the big lotto in the US is up to a $500 mill jackpot.
Will someone buy me a ticket? |
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There is a reason they call lotteries a tax on stupidity.
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any good lottery affiliate programs? :)
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The lottery is the Redneck Retirement Fund
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Now just imagine if it ever occurred to them to actually save that 9%... Maybe some day they'd REALLY get out of the deep shit they're in.
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Looking at study now...
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How big was the study and the control groups. Not willing to PAY to see the answer.
source is 3 links deep. |
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I have heard people call lottery tax a "Stupid People Tax"
If some spent 9% of their income I tend to agree with the statement lol |
People can still dream.somebody has to win it
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do you prefer macro or micro? i'm more of a socioeconomic guy myself. :1orglaugh:1orglaugh:1orglaugh |
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Good thing in Canada is whatever you win on the lotto is not taxed so that saying doesn't work here. Of course, if I would win I'd be paying taxes on everything that I bought, but I would not get taxed a penny on the actual winnings. A couple years back I was 1 # off from winning $12 000 000 on one of the lotteries in Canada. Won like $1909 by matching 6 of the 7 #'s. Had I won the $12 000 000 I would have gotten the full $12 million. I don't play the lottery very much though. Maybe 2 times per year IF that. |
People are not stupid, they know the system is rigged against them, they get the worse jobs, the worse schools etc, the chances of escaping poverty are slim...social mobility is falling not increasing...
For a few dollars they buy a little hope, a chance, that they could be a winner.... |
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On that note, it's always humbling to visit these GFY threads. I continuously forget that I'm in the presence of such wealth, greatness and intelligence. If only the world knew that a great many of the "1%" posted on GFY, this place would be flooded, not with surfers looking for free porn, but with the poorest of the poor seeking to learn from you all. |
Lotto is a great deal for the poor, $1 buys they some hope and dreams for a few days.:2 cents:
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The investment of work my dad made put me in "privileged" class. I was more interested in having fun in the moment. I figured the future would take care of itself. I ended up living under a tarp myself. |
It's a voluntary tax, I'm very grateful to those who choose to pay for the so-called "Good Causes"
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Today I bought a raffle ticket for $20 that goes to support Bermuda dance organizations for youths. I look at it just as a donation.
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645$ year is 53$ a month on tickets. Sounds too much when we sepak about average. Lots of them spend 0$, lots of them spend 2-4$ a month. To maintant 53$ month average lots and lots should spend 100+ a month.. Does not sound real.
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