The odds of winning the lottery are so low that buying a lottery ticket is arguably pointless. Therefore, many people believe that buying a lottery ticket is tantamount to paying an “idiot tax.” There’s a lot of truth to that point of view, but the cynicism of that point of view overlooks a very profound and very real truth about life in predatory capitalist economies such as the United States of America.
This truth stems from the fact that, in America, if you can’t afford a $30,00+ university degree or you’re not smart enough to pass all the exams or write all the essays required to earn a university degree then the glass ceiling of higher education prevents you from making a living wage…ever. Granted, there are still some options available to people who aren’t wealthy or smart enough to go to college. You can still join the military or go to trade schools, but the reality of the world we live in is that there are still some people who aren’t cut out for even that. Even if they were able to jump through the hoops it takes to get a decent paying job, our economy stills pays workers as little as possible while charging customers as much as possible while marketers do everything they can to convince everyone to buy as much as possible whether they need those advertised goods/services or not or whether they can afford those goods/services or not. Between the oppression of low wages and high prices, the reality of our economy is that millions of people will never be able to make a living wage.
Here’s the thing about that. If you’re a middle-class citizen who was able to buy your way up through the glass ceiling of higher education, then buying lottery tickets is objectively a dumb idea. You make enough money to be able to save for a comfortable retirement or to be able to start your own business despite America’s restrictive small business laws. This means the cost/benefit analysis of spending money on the lottery doesn’t add up for you.
However, the cost/benefit analysis of buying lottery tickets is not the same for an upward mobile middle-class citizen as it is for a lower class wage slave. People who have to work their entire lives for barely enough money to survive and/or don’t have the intellectual intelligence to navigate the oppressive bureaucratic obstacles to starting their own business have little to no chance of ever fighting their way out of poverty. For these people, there is no hope of saving their money and making a better life for themselves. Even if they do save all of their money and deny themselves any of the frivolous joys that the rich enjoy every day, they still won’t be able to save enough money to enjoy the good life of the rich and famous. The best they can hope for is to save enough money to cover a tenth of the medical bills they’ll inevitably rack up in old age. Even after a lifetime of back-breaking hard work they won’t be able to save enough money to cover the cost of a decent retirement home. In other words, they have no hope in life… period.
The lowest class workers may not be smart enough to earn a college degree, but they’re smart enough to see that no matter how hard they work and no matter how much of their minimum wage paycheck they save they’ll never be able to live a life of full human dignity. So, given the hopelessness of their prospects in life, the cost/benefit analysis of buying lottery tickets actually does truly add up.
The poorest of the poor never had any chance of having a good life no matter how much they saved because they were never going to make a living wage to begin with, and all the money they do make is inevitably going to be stolen by insurance companies, banks, utilities, taxes, cell phone bills, rent and all the other expenses that come from living in a predatory capitalist economy. So, given that the poorest of the poor never had a chance of saving enough money to make a good life for themselves, the 1-in-a-billion chance of having a good life from winning the lottery is higher than the 1-in-0 chance of having a good life from working hard and saving their money.
That’s why poor people spend their money on the lottery. it’s less because they’re stupid and more because the predatory economy that they live and toil under is stupid.
If you enjoyed this post, you’ll also like these:
Predatory Capitalism Creates Poverty
- Poverty is the root of the world’s biggest problems, and predatory capitalism is the root of poverty
- The fundamental problem with the economy
- The poor aren’t taking all your money. The rich are.
- 7 economic injustices we all accept
- The downside of economic growth
- Cost/benefit analysis of economic oppression
- How predatory capitalism warps the way we define maturity
- The lottery is a microcosm of America
- Stop talking about guns and start talking about poverty
- How the economy works (Comic)
Socialism and Communism
- Americans need to learn the difference between socialism, communism, and capitalism
- Billionaires won’t save you, and socialism won’t kill you
- Who will help me make some bread? (Short story)
The Life of the Rich
- The legacy of a billionaire
- The letter I’ll never send my CEO
- This Was Your Life: The billionaire (Comic)
- How becoming a billionaire works (Comic)
The Life of the Poor
- What it’s like to be poor
- My American Beauty-esque rant about life in America
- Why are Americans so violent and unhappy?
- You might be depressed because the system is crazy, not because you are
- The Adventures of Monk and Punk: Book 1 (Comic)
- Occupy LOL Street: The Plight of the Homeless (Comic)
Oppression in the Workplace
- Advice for young workers
- Stop treating people like shit and they’ll start giving a fuck
- 7 ways worker’s rights still need to improve
- 7 reasons minimum wage should be higher
- The injustice of employee contracts
- Professionalism is a straitjacket
- We need to do more to help people get the job they’re suited for
- The customer is not always right
- A Brief History of the Working Class (Comic)
Success and Retirement
- Life Path Flow Chart
- Why does it have to be so hard to retire?
- How to escape poverty
- Have a healthy balance of passion and duty
- Is it lazy to not want to work?
The Housing Market
- The housing market is a crime against humanity
- Suburbia is a sensory deprivation chamber
- How the housing market works (Comic)
Healthcare in America
The Stock Market
- How the stock market works (Comic)
Banks
- How bank greeters work (Comic)
Taxes
- How freedom works (Comic)
- What America’s class and tax system really looks like
- 12 Things wrong with America’s tax system
- Why do so many small businesses fail?
- A novel approach to taxing the rich
Cryptocurrency
- Introduction to cryptocurrency
- The most important factor in the value of cryptocurrencies, and how it applies to STEEM
Fixing the Economy
- My 1-point plan on how to save the world
- Humanity’s quality of life is relative to the quality of business model we use
- Politics won’t stop being evil until economics stops being evil
- Collapse is the product of unsustainability. Sustainability is the product of sustainability.
- The economy needs a love stimulus
- The world won’t get better until you stop being a consumer whore
- Buy a better world by donating dividends
- One dollar equals one vote in the economy
Feel free to leave a comment.