Monday, February 05, 2007

Should Government Run The Lottery?

Currently 43 states in the United States run lotteries as a government operation. In Illinois and Texas, there is currently debate as to whether these state lotteries should be privatized. Privatization of the lottery would garner ostensible benefits – a large amount of cash, a more efficiently operated industry and less government involvement in an activity that could be run by the free-market. Yet if the revenue gained by state lotteries was used to fund beneficial government programs the privatization of the lottery would be counterproductive.

The Texas State Lottery, for example, reported sales of $3.77 billion in 2006; the cost of running the lottery was substantially lower. Such a large revenue stream, if put to the correct uses, would act as a deterrent of higher taxes and indeed could help both the programs it funds as well as the well-being of the individual. Participating in a lottery is a choice, compulsory taxation is not. So while a government-operated industry is to be avoided at all costs, a state-run lottery could in fact amount to be the exception that proves the rule.

In order for a state-run lottery to be beneficial certain criteria must be met. Primarily, it must be ensured that all revenue derived from the lottery not given out as prizes must be either used in positive government programs or given back to taxpayers in the form of tax rebates or permanent tax cuts. A lottery that funds school vouchers, or the expansion of a state’s Earned Income Tax Credit, would be entirely acceptable. And indeed, if lottery revenue is used to fund such beneficial government programs, less tax money is needed.

The problem, however, lies in the distribution of lottery generated revenue. Currently no state effectively uses lottery revenue; instead, state politicians use the revenue to fund pet-projects or destructive government policies. If such practices exist the state-run lottery is counterproductive in two ways: one, it is an industry that could be operated privately, but run by the state, and two, it funds destructive programs. It is, therefore, imperative that state-run lotteries be supported and continued only if they use their revenue effectively.

Unfortunately, such is in all likelihood never bound to occur, which is why privatization of the Texas and Illinois lotteries should, at the present time, be encouraged. If a state enacts lottery legislation that does, however, use the lottery’s revenue effectively, a state-run lottery should not be looked at in contempt and should, perhaps, be encouraged.

12 comments:

sheela said...

I recently came accross your blog and have been reading along. I thought I would leave my first comment. I dont know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Susan

http://texasholdpoker.info

Anonymous said...

Greetings from California! I'm bored to tears at work so I decided to browse your website on my iphone during lunch break. I enjoy the knowledge you present here and can't wait to take a
look when I get home. I'm surprised at how fast your blog loaded on my phone .. I'm
not even using WIFI, just 3G .. Anyhow, superb site!
Also visit my weblog ; online jobs

Anonymous said...

Great post. I was checking constantly this blog and I am impressed!
Very useful info particularly the last part :) I care for
such information a lot. I was seeking this certain info for a long time.
Thank you and best of luck.
Feel free to visit my site ; legitimate work at home job opportunities

Anonymous said...

Aw, this was a really nice post. Finding the time and actual effort to produce a good article… but what can I say… I procrastinate
a whole lot and don't seem to get anything done.
My site forex trading robots

Anonymous said...

wonderful submit, very informative. I wonder why the
other experts of this sector don't notice this. You must proceed your writing. I'm confident, you have a great readers' base already!

Feel free to visit my blog - job search sites

Anonymous said...

I like turtles

Anonymous said...

Im devin karpovich add me on ps3 dkwhopper i kill things

Anonymous said...

1. Zinc (also identified as spelter) is considered as one of the plentiful elements in the crust of the Earth. German scientist Andreas Margraf discovered the element in 1746. This element has various uses. One of the most popular uses of the metal is in the production of batteries because it acts as an anti-corrosion agent. Who Discovered Zinc?
www.whodiscoveredit.com/who-discovered-zinc.html

Atomic number 3 Atomic mass 65.37 g.mol -1Electronegativity according to Pauling
1.6
Density 7.11 g.cm-3 at 20°C
Melting point 420 °C
Boiling point 907 °C
Vanderwaals radius 0.138 nm
Ionic radius 0.074 nm (+2)
Isotopes 10
Electronic shell [ Ar ] 3d10 4s2
Energy of first ionization 904.5 kJ.mol -1
Energy of second ionization 1723 kJ.mol -1
Standard potential- 0.763 V
Discovered Andreas Marggraf in 1746


Read more: http://www.lenntech.com/periodic/elements/zn.htm#ixzz2HP0Tfg6z
Zinc occurs naturally in air, water and soil, but zinc concentrations are rising unnaturally, due to addition of zinc through human activities it is also a bluish silver when found in earth.


Zinc is a trace element that is essential for human health. When people absorb too little zinc they can experience a loss of appetite, decreased sense of taste and smell, slow wound healing and skin sores. Zinc-shortages can even cause birth defects.

Zinc is currently worth $1.80 a pound.


The element zinc was discovered in Germany in 1746 by Andreas Marggraf

add me pn ps3- Yeneed

Anonymous said...

You really make it seem so easy with your presentation
but I find this topic to be actually something which I think
I would never understand. It seems too complex and very broad for me.
I'm looking forward for your next post, I'll try
to get the hang of it!

My website; free win money

Anonymous said...

Hey I know this is off topic but I was wondering if
you knew of any widgets I could add to my blog that automatically tweet my newest
twitter updates. I've been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

Have a look at my web page :: binary options brokers

Anonymous said...

Remarkable! Its genuinely amazing post, I have got much clear
idea regarding from this piece of writing.

My website; binary options scam

Armstrong said...

The issues is very interesting and topical for me. I've playing and checking Australian lotto results for 5 years and my pot is still to come. They state the generated revenues are mostly allocated for good causes and similiar stuff. But who knows for sure?