New bet, the same old tax?

But first, that was just too easy.  Lakers over Spurs and the starters rest for most of the fourth quarter.  Hmmm.  Seems similar to the Spurs in New Orleans.  I’m just saying.

Anyway, perusing the LA Times OpEd page on Friday and came across this item about how the state and the gov think that the best solution to the current budget problem is to float a bond issue against future lotto revenues.  Here are a few factoids from the opinion:

  • a 1999 national study conducted by Duke University concluded that families making less than $25,000 a year spent roughly $1080 on lottery tickets.  10% of their income.
  • Families earning between $50,000 and $100,000 spent only $495.  1% of their income.
  • The state of California spent over $93 million the last three years in advertising the lotto.

As the writer, Michelle Steel – BOE member for the 3rd District, points out, “the governor’s plan to pay for the state’s irresponsible spending rests, ironically, on getting Californians to spend more irresponsibly.”   I really do love it when things get ironic.

Remember last summer when everyone in the personal finance blogs, well maybe not everyone, was posting about how to save on fuel while driving?  Drive slower, plan your trips so that you do more on each one, carpool, use public transportation, and go ahead, ride a bike to work.  Remember.  Well, one of the tips I remember had to do with going to the pump early in the morning or late in the evening because the day’s heat affects the gas by expanding it.  You get less gas more hot air in the middle of the day.  Well, yesterday it was reported that “a survey shows that Californians could be overpaying as much as $3.4 million a day as heat makes gas expand.”  More irony.  You moved to California for the hot weather only to find that the automobile state is costing more to live in because of it.

And then there is this.  A long time ago I read a novel by Calder Willingham called Eternal Fire.  It was a fine trashy, sexy novel about a sociopath and his love life in the New South.  Yes, I read it mostly for the sexy, trashy part.  But there is a section the story that chronicles how a court trial is rigged so that an innocent person is besmirched.  The scripted actions of the community leaders and the judge has always stuck in my mind and is frequently brought to the fore when I read things like the headline story about the Congress defying Bush by passing the Farm Subsidy Bill or the Military Spending Act.  Who are they kidding?  Bush who has favored these programs all through his two terms now gets to act all righteous while the bills still get passed and the Congress now run by the Dems gets to seem defiant.  Wow! What a script.  The bills still get passed though.  $630 billion for defense, $10 billion for not growing crops.  What’s ironic is that our media actually purports to be covering the real story.  Hah!

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