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Definition of a state lottery
Old 03-03-2012, 08:47 PM   #1
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Definition of a state lottery

The definition of a state lottery:

A tax on people who did not study their math.
The worst decisions are usually made in times of anger and impatience.
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Old 03-04-2012, 02:32 AM   #2
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Originally Posted by Chuckanut View Post
The definition of a state lottery:

A tax on people who did not study their math.
I always thought it was "Retirement plan for dummies."
Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
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Old 03-04-2012, 06:13 AM   #3
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The good side is that whether you buy a ticket or not, your chances of winning are virtually identical.
I thought growing old would take longer.
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Old 03-05-2012, 07:28 AM   #4
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I'll admit that usually (sometimes I forget) once a month one of us will buy a couple of lottery tickets. What we're buying, and we know it, is nothing more than fodder for daydreams.

"Would I buy the Corvette or the Porsche"? "Cessna or Mooney"? Tough choices.
I heard the call to do nothing. So I answered it.
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Old 03-05-2012, 07:53 AM   #5
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The lottery has long been known as a "stupidity tax." I guess lottery participation may be a proxy for math education/achievement as well...
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57

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Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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Old 03-05-2012, 08:15 AM   #6
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Actually, the people who scare me are the ones who consider the stock market to have the same rate of return as the lottery. I have heard this as an excuse why they spend everything that they earn (and then some).
Angels danced on the day that you were born.
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Old 03-05-2012, 09:21 AM   #7
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Two points: I figured that I would only by a ticket if the jackpot was over 20 million. Otherwise, after taxes, why bother with the hassle. Next, always buy the ticket early in the week. You then have the entire week to entertain yourself with your daydreams. For me, once in awhile, that is worth a dollar.
Don't sweat the small stuff! And realize, it is all small stuff!
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