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True, but it still amounts to a very regressive tax, even if the proceeds are fed back into education.
by rootusrootus 6y ago
True, but it still amounts to a very regressive tax, even if the proceeds are fed back into education.
- taeric 6y agoThe cynic in me notes that the stock exchange amounts to where moderate to middle class does all of their gambling. With most of the proceeds just consolidating up the wealth chain. At least in lotteries the programs are progressive. :D
- quickthrower2 6y agoIf you buy and hold stocks for a long time it's not the same thing as betting on a horse or buying a lottery ticket.
- brlewis 6y agoThat's different. The average "gambler" in the stock exchange comes out ahead.