Politics v7.0 Moderation thread - Page 104 - Politics version 7.0 -- Two Plus Two Poker Forums

Why shouldn't a lottery be taxed? You did nothing but risk a pittance to win a huge amount, that sounds like the best thing to tax. You weren't expecting the windfall so you won't miss it if you are taxed at a higher rate on it.

Taxing the lottery is bull****, imo. The proceeds of the lottery are already going to the government and they are taking like 50% of that before they even tax the winnings.

07-27-2017 , 12:42 PM

#2577

kerowo

lolcat

Join Date: Nov 2005 Posts: 37,190

So what? It's a fund raiser.

07-27-2017 , 12:47 PM

#2578

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

The whole thing is already a tax. Taxing the winnings just doesn't seem like fair play.

07-27-2017 , 12:52 PM

#2579

kerowo

lolcat

Join Date: Nov 2005 Posts: 37,190

What "whole thing"?

07-27-2017 , 12:57 PM

#2580

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Quote:

Originally Posted by kerowo

What "whole thing"?

The lottery itself. The government is already collecting the revenues of a lopsided game and then further taxing the winnings.

It's akin to a casino taking some of your slot winnings at the cage as a "service fee".

07-27-2017 , 01:07 PM

#2581

Original Position

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Quote:

Originally Posted by TiltedDonkey

Meh. Lotteries are horribly regressive taxes anyway. The only plausible justification for state-run lotteries is that they are less bad than the private ones that would arise in their absence. If taxing the winnings incentivizes people to buy less lottery tickets, good.

As for fairness, as long as the rules are clear to the player beforehand - which they are in this case - then caveat emptor.

07-27-2017 , 03:15 PM

#2582

Black Peter

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Join Date: Sep 2004 Posts: 2,921

Quote:

Originally Posted by TiltedDonkey

It's not required to be stupid and buy lotto tickets. It's only a tax on the mathematically-challenged.

07-27-2017 , 03:17 PM

#2583

Max Cut

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Posts: n/a

Quote:

Originally Posted by Black Peter

It's not required to be stupid and buy lotto tickets. It's only a tax on the mathematically-challenged.

Statistics are hard, to be fair. Both for lotto ticket buyers and people who think it's not effectively a regressive tax. I think I'm fine with taxing the winnings tho.

07-27-2017 , 03:17 PM

#2584

kerowo

lolcat

Join Date: Nov 2005 Posts: 37,190

Ahhh, so the whole thing isn't actually a tax just a way for people to feel superior to other people. Got it.

07-27-2017 , 03:19 PM

#2585

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Quote:

Originally Posted by TiltedDonkey

Quote:

Originally Posted by Black Peter

It's not required to be stupid and buy lotto tickets. It's only a tax on the mathematically-challenged.

Original Position's reply was good but yours is not.

1. No ****.
2. It's not required to play slot machines either, so my analogy still holds.

07-27-2017 , 03:20 PM

#2586

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Quote:

Originally Posted by kerowo

Ahhh, so the whole thing isn't actually a tax just a way for people to feel superior to other people. Got it.

What is this responding to?

07-27-2017 , 03:21 PM

#2587

kerowo

lolcat

Join Date: Nov 2005 Posts: 37,190

Black peter

07-27-2017 , 03:24 PM

#2588

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Oh fair enough. The fact that Max Cut got a post in in between you confused me.

07-27-2017 , 07:59 PM

#2589

Black Peter

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Join Date: Sep 2004 Posts: 2,921

Quote:

Originally Posted by TiltedDonkey

Original Position's reply was good but yours is not.

1. No ****.
2. It's not required to play slot machines either, so my analogy still holds.

Yeah, your analogy is fine, and i don't have a problem with it. I was just kind of adding my thoughts. Not trying to disagree or anything. I don't really have a position on further taxing the winnings.

07-27-2017 , 08:00 PM

#2590

Black Peter

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Join Date: Sep 2004 Posts: 2,921

Quote:

Originally Posted by kerowo

Ahhh, so the whole thing isn't actually a tax just a way for people to feel superior to other people. Got it.

Well, i'm glad you finally got it.

07-27-2017 , 09:22 PM

#2591

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Quote:

Originally Posted by Black Peter

Oh okay. I thought your post was meant to be a disagreement with mine.

07-28-2017 , 08:35 PM

#2592

nomaddd

temp-banned

Join Date: Jul 2017 Posts: 182

Quote:

Originally Posted by Original Position

https://en.wikipedia.org/wiki/HOPE_Scholarship

07-30-2017 , 01:45 AM

#2593

5ive

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Join Date: Oct 2012 Posts: 6,766

Quote:

Originally Posted by TiltedDonkey

Original Position's reply was good but yours is not.

1. No ****.
2. It's not required to play slot machines either, so my analogy still holds.

Oh, haven't you met Zwarte Piet yet? He's the nut low and working hard to dispel the myth that all advanced STEM degree holders are not ****ing idiots.

07-30-2017 , 05:40 AM

#2594

leavesofliberty

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Competition would make lotteries better, btw. Econ 101.

07-30-2017 , 06:08 AM

#2595

Original Position

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Quote:

Originally Posted by leavesofliberty

Competition would make lotteries better, btw. Econ 101.

Yes, that's why they should be public. We don't want them to be better.

07-30-2017 , 10:27 AM

#2596

TiltedDonkey

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Join Date: Sep 2013 Posts: 2,975

Eh, I dunno. Lotteries might be +EV utility when the take isn't too high.

07-30-2017 , 11:04 PM

#2597

Bladesman87

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What are the odds on the US lotteries? We get a 1/14million shot at the jackpot.

The utility of the jackpot seems like it would exceed the price of the ticket enough to make the pot odds irrelevant. The downside is the opportunity cost for poor people wasting a few grand lifetime.

Now scratch cards, they're ****. Might hate them more than slot machines.

07-31-2017 , 01:37 AM

#2598

dereds

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You're in the UK Bladesman? If so the lottery odds are much longer now they've added numbers. 14m/1 was when the numbers went to 49.

07-31-2017 , 10:03 AM

#2599

kerowo

lolcat

Join Date: Nov 2005 Posts: 37,190

Powerball is something like 125m/1

07-31-2017 , 11:26 AM

#2600

Bladesman87

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Quote:

Originally Posted by dereds

You're in the UK Bladesman? If so the lottery odds are much longer now they've added numbers. 14m/1 was when the numbers went to 49.

Yeah, sorry, it's 45m to 1 now, I think. Probably wrong about that too. I've never actually bought a lottery ticket.

I did read a fun article about lottery strat not long back though. About commonly picked numbers and how to increase your share of a prize if you're lucky enough to win.

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