Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Don poor people spend a higher percentage of their incomes on lottery tickets than those of greater means?

0
10 Posted

Don poor people spend a higher percentage of their incomes on lottery tickets than those of greater means?

0
10

Poor people spend a larger proportion of their income than wealthy people on any item having a fixed price and general appeal. Poor people pay proportionately more for food, medicine, clothing, utilities, insurance, and housing, as well as for payroll and sales taxes. People who are well-off, on the other hand, spend a higher percentage of their income on things that the poor cannot afford, such as overseas vacations or season tickets to cultural or sporting events. The rich also invest and gamble in stock and commodity markets — also activities the poor cannot afford. Lottery opponents have pointed out, though, that unlike spending on, say, a movie ticket, the lottery ticket is purchased from the government and is therefore a regressive tax. But the lottery is not a tax. Webster defines a tax as “a compulsory payment … for the support of government.” No one is coerced to play the lottery. The purchase of a lottery ticket is completely voluntary – and a lot more fun than filling out

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123