Spend $10 on a lottery ticket…22% of your money hurts poor people and breaks up families…

Håll tummarna!

Håll tummarna! (Photo credit: Wikipedia)

Before you read this article, you need to know something about me…I spent approximately $100 last year trying to hurt poor people, increase gambling addition, and break up two-parent families.  I am not proud of it…but there was so much temptation, that I caved into the pressure…and I purchased Lottery Tickets…

The idea of a “Lottery” has been common in the United States since the 1600’s, and is currently utilized by at least 47 jurisdictions (44 states + D.C. + Puerto Rico + Virgin Islands).  Many people are a supporter of the lottery because the money supposedly goes towards local education, or whatever your state decides…

What people don’t know, is that almost $65 Billion is spent on lottery tickets each year.  Approximately 50% of that money is given back in winnings, approximately 28% of that money is invested in schools, or whatever your state decides…and approximately 22% of that money, or $15 Billion each year, is spent on advertising and administering the lottery.  That’s right, the Government spends over $15 Billion each year to try to increase gambling….and it is working!….Lottery playing is up over 50% in the past 10 years….they are working hard every day to hurt poor people, increase gambling addiction, and to break up families every year.

Am I being too hard on the government?  Let me show you a few facts to understand my position:

–          43% of all callers to 1-800-GAMBLER indicated problems with lottery gambling

–          39% of all Texas alcohol & gambling treatment centers said lottery was their #1 gambling issue

–          Children of problem gamblers report higher levels of alcoholism, drug use, and tobacco use

–          75% of children of problem gamblers said they gambled before age 11 (vs. 34% of their peers)

–          Children of problem gamblers are twice as likely to grow up in broken homes

–          33% of families making less than $10K/year spend at least 20% of their income on lotteries

After all of that….I am ashamed to say that my obsession for getting rich quick caused me to invest at least $100 last year in hurting poor people, promoting gambling, and breaking up families…

–          The Government is not supposed to work against the well-being of the citizens of the state

–          The Government is not supposed to entice people to waste their hard-earned money

–          The Government should not hurt the well-being of children, or their families

50% of families in the United States don’t pay Federal Income Tax, yet 33% of the poorest families spend way more on the lottery than the average person spends in Federal Income Tax…

Lotteries should be abolished immediately.  There is no redeeming value for society, they work to hurt only the poorest among us, and they hurt our children…

I support a national law abolishing all state lotteries…The states right now are spending $15 Billion to administer, and advertise the lotteries, in order to make $18 Billion…The profit margin is only $3 Billion each year…

I would like to think that the smartest people among us would be able to figure out a better way to spend our money that won’t hurt the poorest among us, and won’t bankrupt our children’s future…

Please join me in calling for a federal law against the state lottery system.  It will promote better government, better personal fiscal responsibility, and stronger families in the future!

About Todd Hagopian (@ToddHagopian)

Todd Hagopian received his BA from Eastern Michigan University with a major in Political Science. After graduation, he worked as a Financial Advisor and a Bank Manager before returning to school. He attended Michigan State University, where he completed an MBA with a double-major in Finance and Marketing. Todd is now a Senior Product Development Manager for a Fortune 500 company. He frequently writes about business issues, social media strategy, and political issues that he finds important. Enjoy the blog!

Posted on November 30, 2013, in Politics and tagged , , , , , , . Bookmark the permalink. Leave a comment.

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