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> most states take about 40-50% of the lottery winnings to fund education programs. In Georgia, we have the HOPE scholarship which is funded by the Georgia Lott
by mabbo 6y ago
> most states take about 40-50% of the lottery winnings to fund education programs. In Georgia, we have the HOPE scholarship which is funded by the Georgia Lottery.
My father and I once debated the merits of this, and he made a point that stuck with me: the overall funding for education didn't change. It's just that the money that used to come from the government now comes from lotteries instead.
Meaning the burden of that cost has shifted from the collected taxes, which is more proportionally paid by the rich, to the lottery system which is more proportionally paid by the poor.
- sampo 6y agoDid the amount of money the poor invest in gambling change? Or are the gambling losses just being re-targeted to fund education, instead whatever they used to end up in previously.
- mabbo 6y agoThat's a fun point! I am 100% going to bring that up with the old man the next time we're allowed in the same room[0]. I think he'll like it. [0] Covid risks...