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Archive for December, 2008

Lotteries: Mathmatically speaking, they’re not really a tax on the stupid

Tuesday, December 30th, 2008

Note: There are a lot of numbers in this post, so I’ve rounded a lot of them off, and included some footnotes. If you don’t like numbers, then consider yourself warned.
It’s been said* that “Lotteries are a tax on the stupid”. The premise being that anyone who spends money on a lottery ticket is just [...]

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