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.
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.
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.
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.