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My guess would be that they want to stop pyramid schemes and the like with this kind of legislation. Not that I agree that the government should be controlling
by rpledge 17y ago
My guess would be that they want to stop pyramid schemes and the like with this kind of legislation. Not that I agree that the government should be controlling how you invest your money, but people can be naive when confronted with a good swindler.
- gojomo 17y agoA good swindler... like a state lotto ticket salesman!
- rpledge 17y agoWhile I agree lotteries are a voluntary tax on the poor, I haven't seen anyone advertise a lottery as an investment (i.e. a vehicle where there is a possibility that the original capital can be recouped with profit). A lottery or casino is gambling in that everyone that participates understands that the bet is lost on the outcome of a single event. Pyramid schemes, ponzie schemes, and other similar scams imply the inevitability of a long term return on investment which is impossible to occur due to the nature of the transaction.
- watchandwait 17y agoOr Social Security, the greatest Ponzi scheme on earth!