Lotteries
June 13th, 2008 Chris Posted in Uncategorized |
A household with income under $13,000 spends, on average, $645 a year on lottery tickets, about 9 percent of all income.
If this statistic is accurate, it’s staggering. It also reinforces what most of us already know: The lottery is a tax on the stupid.
June 23rd, 2008 at 6:57 pm
This reminds me of that Jeff Foxworthy line: “Sophisticated people have retirement plans, rednecks play the lottery!”