Generating revenue or ruining lives?Jordan Nelson Period 2A
The topic of gambling has been debated throughout time. Highly discouraged (or outlawed) by earlier cultures. State lotteries are often criticized the most because of the “get rich quick” appeal.
Where are lotteries allowed? Who can play and what does it cost? What are the negative factors? What benefits, if any, do state lotteries have? What does the future of the lottery industry look like?
Large payouts and instant rewards Scratch off tickets Not knowing when to stop Can spend upwards of $20 per ticket
Money cannot buy happiness Spending money one does not have Credit for lottery? Bad Idea Bills > Lottery Money is not invested, it is quickly spent and then winners are left with nothing
Lotteries do more harm than good Economy is sending most lotteries downward Poor people are spending more, hoping to get out of debt In the end, little or no difference with expenses
Money really CAN buy happiness Direct link by researchers States are using lottery money for good things States would rather gambling money be spent towards the state then private companies.
Money is being taken from intended uses (school and environment) for other deficitsPrivate companies still have majority
Lower Poverty Increase overall happiness Stop rampant spending Quit using the money of citizens to cover government debts
Lotteries not only can cause depression and bankruptcy, but degrade the economy and prey on the less fortunate of society. They government uses our hard-earned money (albeit wasted) to fix their deficits, instead of putting it in the intended funds.