A Tax on the Poor- The Lotto and the Surprisingly Common Sad Aftermath of Winning
Lotteries exploit the poor and generally make their lives much worse, especially when they win.
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Lotteries exploit the poor and generally make their lives much worse, especially when they win.
This video asks, "At 50/50 odds, would you risk losing $10 to win $50? A shocking amount of people wouldn't."
Assuming the odds are accurate, you would on average earn $50 for every $20 invested.