Acton Institute Powerblog Archives

Post Tagged 'gambling'

The Odds are Never In Our Favor

In this week’s Acton Commentary, I take a look at “The Moral and Economic Poverty of the Lottery.” I take a look at the main parties involved: the winners, the players, and the government, and conclude, “Far from a force for good, lotteries are a danger to society.” The problems with lotteries and gambling more generally are various and sundry. Continue Reading...

7 Figures: Lotteries in America

At The Atlantic, Derek Thompson provides some depressing numbers related to lotteries in America. Here are seven figures you should know from his article: 1. Americans spend more on lottery tickets than on sports tickets, books, video games, movie tickets, and recorded music sales combined — $70 billion on lotto games in 2014. Continue Reading...

Sid Meier, Slot Machines, and the Flow of Vice

My wife despises Sid Meier. She’s never met him, nor would she even recognize his name. But she knows someone is responsible for creating the source of my addiction. For over twenty years I’ve spent (or wasted, as my wife would say) countless hours playing Civilization, Meier’s award-winning strategy game. Continue Reading...

Why State Governments Should Issue Lottery Tickets to People on Welfare

In a prime example of how irony is lost on politicians, lawmakers in North Carolina are proposing to prohibit people receiving welfare from playing in the lottery. Perhaps the legislators aren’t aware of what state lotteries are, in effect if not intent, designed to do: redistribute the income of mostly poor Americans to a handful of other citizens—and to the state’s coffers. Continue Reading...

How Powerball Preys on the Poor

When it comes to government programs for redistributing income, nothing is quite as malevolently effective as state lotteries. Every year state lotteries redistribute the income of mostly poor Americans (who spend between 4-9% of their income on lottery tickets) to a handful of other citizens—and to the state’s coffers. Continue Reading...

Give Temperance a Chance

Just about every state has dealt with the issue over the last few years, it seems. But here in Ohio, the legal status of gambling is the issue that won’t go away. Continue Reading...

CRC Sea to Sea Tour Week 4

The fourth week of the CRC’s Sea to Sea bike tour has been completed. The fourth leg of the journey took the bikers from Salt Lake City to Denver, a total distance of 478 miles. Continue Reading...

Government Gambling on the Poor

The National Center for Policy Analysis (NCPA) has published a paper titled, “Taxing the Poor: A Report on Tobacco, Alcohol, Gambling, and Other Taxes and Fees That Disproportionately Burden Lower-Income Families” (PDF). Continue Reading...

A Lottery Sell-Off is a Sell-Out

In this week’s Acton Commentary, I examine the most recent buzz-worthy trend in the lottery industry: privatization. While most critics of these moves have pointed to the foolhardiness of selling off a long-term income stream for a lump sum jackpot, I argue that privatization by itself does nothing to address the underlying problems afflicting the lottery business. Continue Reading...

A Government-Enforced Monopoly

Let’s engage in a little thought experiment. How would you feel about the following scenario? 1) The government bans all activities associated with Industry X because it judges that this industry damages the common good. Continue Reading...