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> A portion of the revenue generated from each bet can be kicked into a state's general fund, helping to support worthy initiatives such as public education. Y
by m000 4y ago
> A portion of the revenue generated from each bet can be kicked into a state's general fund, helping to support worthy initiatives such as public education.
You also have the option to tax corporate earnings to support these worthy initiatives. A portion of the revenue that would go to a CEO superyatch or dong-shaped rocket will be kicked in into a state's general fund. Just sayin'...
- hinkley 4y agoAlso we’ve already been told that lie. Lottery money didn’t add to education funds, it replaced existing ones.
- pessimizer 4y agoWhen it made a profit. In Illinois, it turned out not to be even paying for itself. Just another pile of contracts to be handed out to selected family and friends.
- hinkley 4y ago> In Illinois As a former resident, the thing you have to remember about Illinois is that for statisticians and politicians, Chicago is Illinois, but everyone not in dinner and a movie range disowns it, like it’s it’s own state. If you witness someone at a party say they’re from Illinois, and someone says, “I’m from Illinois!” the conversations will go, “What town? Where’s that? Oh, Chicago.” “Oh Chicago” like you just said you hate dogs. I think people from downstate expect people from Chicago or any of the burbs to tell people they’re from Chicago, not Illinois. This is made worse when talking to foreigners, who can’t place Illinois on a map in their head until you say Chicago. If you exclude Chicago from your mental arithmetic, any number of stats seem counterintuitive for Illinois. Including some things you might assume Mississippi or Alabama would be #1 for like racist courts. But given how much traction organized crime got there during Prohibition, and how many former mayors have been indicted, if you include Chicago then you can believe just about any horrible fact about Illinois.
- ryandvm 4y agoNot to mention that there's something deeply ironic about taxing the stupid to pay for education.
- david38 4y agoEvery time they roll out the ability to so activity that’s bad for people, it’s always “think of the children” and “think of the poor”. I can see the day where they try to legalize child prostitution by kicking back 20% to schools. It is NEVER the case where the proper way to fund an unfunded social need is to support the wholesale exploitation of the very group you’re funding.
- skrbjc 4y agoThe US does collect over 300 billion dollars from corporations in tax revenue...
- partiallypro 4y agoCorporations will just pass along the cost. Just directly tax the rich.