The Public Interest and the Lottery
The lottery is a form of gambling that involves drawing numbers at random for a prize. Some governments outlaw it, while others endorse it and organize state or national lotteries. The money raised by these lotteries can be used for a variety of purposes. Many people use the lottery as a way to get ahead financially, but it’s important to understand that winning a lottery is not a guarantee of financial success. In fact, many people who win the lottery find themselves bankrupt within a few years.
Lottery games offer a chance to fantasize about wealth at a relatively low cost—a few bucks for the chance to pick the right numbers. Unfortunately, research shows that people with lower incomes tend to play the lottery more than those with higher incomes, which can be a serious budget drain for some families. Some critics argue that the lottery is a disguised tax on those who can least afford it.
Because lotteries are run as businesses with a focus on maximizing revenues, advertising necessarily focuses on persuading targeted groups to spend their money. As a result, the public policy decisions that lottery officials make are often at cross-purposes with the general public interest.
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Source: This article was originally published on Village San Clemente
About the Agent
Jim Flores is an accomplished real estate professional providing services as both agent and broker for over 13 years. His extensive knowledge of the Southern California real estate & mortgage market has allowed him to provide an outstanding level of client satisfaction to his clientele. As co-founder founder of Sea Sell Realty Jim is committed to personalized service. His goal is to exceed client needs by applying his expertise to all aspects of the real estate industry including sales, property management, consulting, training and real estate technology. For example, Jim’s use of technology benefits his clients by utilizing tools that make transactions client friendly: electronic signing, social media ads, paper less transactions and iPad essentials.
Offering expert Home Buying and Selling Real Estate Services in: San Clemente, The Pier Bowl, Laguna Niguel, Dana Point.
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