Better to LOWER lofty jackpots, but RAISE the probability of winning jackpot. LottoMax ought offer MORE chances of winning SMALLER slices (of the same pie). Rather than one winner hoarding $70M — scherz0
2-6 possible winners to share the jackpot. Maybe add 1 extra set of numbers per $50m so that (e.g.) a $300m jackpot would consist of generating 6 sets of numbers — 180 Proof
Maybe let them buy their way off the eligible list with charitable donations. — Vera Mont
I picked $9 million CAD, in view of Japan†. I picked Canada, as I want to retire there. LottoMax's jackpot is $80 million, 6/49's $68 million. Giant jackpots worsen wealth inequality, and are unjust.
Better to LOWER lofty jackpots, but RAISE the probability of winning jackpot. LottoMax ought offer MORE chances of winning SMALLER slices (of the same pie). Rather than one winner hoarding $70M, $70M ought be fairly distributed, for example as $2M to 35 people. Koreans agree with this standpoint. — scherz0
If the winners were smart they would use the money to create a business that spread the profits to more people, thus lowering the inequality. — Sir2u
It would, if every jackpot sere that big and every jackpot had a winner. That would be $816,000,000 put back into circulation, rather than being spirited to off-shore bank accounts or tied up in overpriced pictures and jewellery and boats.I don't really think that giving one person every month getting the $68 million dollar is going to make much of a difference in the overall distribution of wealth. That would be 12 people a year in a population of about 40 million people. — Sir2u
That's okay, as long as they're blowing it on goods and services that provide jobs to people.And from what I have seen, a lot of them blow it all away in a couple of years. — Sir2u
Yet another small business soon drowned by big business would do no more for inequality than taxing big business and investing in public infrastructure.If the winners were smart they would use the money to create a business that spread the profits to more people, thus lowering the inequality. — Sir2u
They're actually governments.But if we really want to look at inequality we should be looking at the companies that run the lottos. — Sir2u
Incidentally, they also run a bunch of casinos and racetracks. The revenue, after reimbursing retailers and services, goes to local communities, charities, health and sports organizations.The Interprovincial Lottery Corporation, constituted in 1976, currently has as its shareholders the governments of the 10 provinces of Canada. It conducts 3 national lottery schemes: Loto 6/49, Super-Loto and the Provincial. These national lotteries are managed by the 5 provincial organizations within their respective territories.
Yup. The irresistible lure of the golden ticket. 'Twas ever so. At least they get some of it back in the form of social services and help.The owners of these thing are richer every day which increases the inequality because most of the money comes from people that cannot afford to be spending the money buying tickets. — Sir2u
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