Tuesday, October 11, 2011
She's right - it's mad.
Lottery winner Angela Dawes said she and her husband woke up as ordinary people in the morning and now have over £100 million, adding, "It's mad". She's right. Millions of people bet money on the lottery every week (not the Daweses - they tried only three times) with astronomical odds against winning. Ask the same people to vote for a government that wants them to pay one penny more in tax to be spent according to a democratic collective decision and they vote against it. So people would rather part with a pound or more every week with an infinitesimal chance of personal benefit knowing that the biggest beneficiary (apart from the shareholders in Camelot) will profit not from hard work or talent but sheer blind luck. Mad indeed. The lottery is an investment in stupidity and a tax on hope.