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comment by cgod
cgod  ·  3794 days ago  ·  link  ·    ·  parent  ·  post: Casinos suck

Lotto is played at a similar rate and amounts across all demographics but I don't know if that holds true for casino gambling.





JakobVirgil  ·  3794 days ago  ·  link  ·  

That makes in a regressive tax right? If viewed as percentage of income.

cgod  ·  3794 days ago  ·  link  ·  

Sure but I find it interesting that lotto isn't a luxury good.

JakobVirgil  ·  3794 days ago  ·  link  ·  

In the Veblin conspicuous waste sense?

I paper my walls with scratchers to show how rich I am.

I think it is because luxury goods are emulative. Symbols choosen not so much emerging on their own.

Lotto is declasse I think rich people mostly bet on bum fights and on if Eddie Murphy can pass as wealthy.

user-inactivated  ·  3794 days ago  ·  link  ·  

Yes

JakobVirgil  ·  3794 days ago  ·  link  ·  

Oh I was hoping that rich people gambled the same percent of income.

user-inactivated  ·  3794 days ago  ·  link  ·  

If only.