this post was submitted on 07 Apr 2024
243 points (96.2% liked)

News

23387 readers
2717 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] TopRamenBinLaden@sh.itjust.works 18 points 7 months ago (3 children)

The lottery is really a 'poor and stupid' tax to put it harshly. You are literally more likely to be crushed by a meteorite, than to win the powerball. Your family would be better off if they took the money that they spend on the lottery every week and invest it in the stock market.

ETF and Index funds are pretty safe and grow by about 7-10 percent every year. They could invest in more volatile stocks and still gamble a bit, too, but at least the odds are in your families' favor that way.

I worked in retail for many years selling lottery tickets to thousands of different people. Never once, did I ever hear of anyone winning anything significant in my whole city. It felt bad every time some obviously struggling person bought one.

[–] KevonLooney@lemm.ee 6 points 7 months ago (2 children)

It is truly a tax on desperation for those who spend more than $10 at a time. But it's harmless under that amount, even if someone plays every few days.

Don't lie to people and tell them "that money is better spent on investments". $10 will not meaningfully affect your retirement quality. You may end up with $50 - $100 extra.

If anything, these people should find a hobby that is cheap and healthy. $10 spent on sports equipment or clothing can actually affect someone's life for the better. You can get a basketball for $10 or save up for a tennis racket ($30). The key to a good retirement is cheap healthy hobbies like cooking or gardening.

[–] TopRamenBinLaden@sh.itjust.works 2 points 7 months ago

You know what, that's fair, I was more generalizing about the people who spend a bit more money on it. Still, anyone buying a lottery ticket would have better results spending the money on pretty much any other form of gambling.

I just have a particular hate for the lottery, because from my experience, it seems to target those who need to save their money the most. Its literally a system that robs poor people by selling them false hope.

[–] whome@discuss.tchncs.de 1 points 7 months ago

Imo you should play the lottery, to play mind game scenarios of your future in a financially independent situation. And that is something, that can be fun. But never out of desperation.

[–] NauticalNoodle@lemmy.ml 4 points 7 months ago* (last edited 7 months ago) (1 children)

I've heard the "stupid-tax" metaphor many times before but I'd always argue that buying a $2-3 quick-picks ticket just to give yourself a few hours to indulge a fantasy every now and then doesn't hurt.

The people that have gambling problems are addicted to that dopamine fix, win or lose.

—I never felt a hit of dopamine when I saw the growth of my Retirement Investment fund during tax season, as real as it may be.

[–] CosmicCleric@lemmy.world 3 points 7 months ago

I’ve heard the “stupid-tax” metaphor many times before but I’d always argue that buying a $2-3 quick-picks ticket just to give yourself a few hours to indulge a fantasy every now and then doesn’t hurt.

Some would even call it a form of entertainment.

[–] Knock_Knock_Lemmy_In@lemmy.world 1 points 7 months ago

One ticket is worth the fantasy of winning.

Two or more tickets is idiocy.