Home
/
RELIGION & LIBERTY ONLINE
/
The Lottery as Aspirational Insurance
The Lottery as Aspirational Insurance
Jun 30, 2026 7:05 AM

Whether the lottery is, as the old adage states, a tax on people who are bad at math, it is most certainly a tax on the poor. Those who have the least spend an inordinate percentage of their e every year on lottery tickets (estimates vary from 4-9%). Yet while it is irrational for those in poverty to waste their limited resources on a one in 176 million chance, there is something almost rational in the reasoning for doing so. As The Atlantic’s Derek Thompson points out:

For the desperately poor, lotteries perform a role not unlike the obverse of insurance. Rather than pay a small sum of money in exchange for the guarantee of protection that you’ll need in the future, you pay a small sum of money in exchange for the small probability that you’ll win money to help your lot right away. It is, for lack of a better term, a kind of aspirational insurance.

There is nothing wrong, of course, with wanting to improve one’s lot in life. But as Jordan Ballor has explained, the problem with such lotteries is that they allow the state to prey on the poor:

The insidiousness of state es with government involvement in the industry. What begins as a well-intentioned plan to provide for the needs of the people – education funding for example – very often es just another source of revenue for a voracious state treasury. Lotto revenue is often diverted for new purposes through legislative and bureaucratic chicanery.

The highly promotional nature of state lotteries es clear as they bombard us with advertising in every available medium. When jackpots get particularly large, the media blitz es a frenzy, as the government-run lotteries attempt to dazzle us into the 21 st century form of “gold fever.” For the Feb. 20, multi-state Mega Millions lottery, Michigan officials tempted players with the promise of “$24,300 per day!” in a press release that described winning the jackpot as “a pretty nice payday.” In this way, state lottery boards missions e to you in sheep’s clothing, but inwardly they are ferocious wolves” (Matthew 7:15 NIV).

Read more . . .

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
Life goes on in Deadwood
More than decade after the conclusion of the critically-acclaimed HBO series Deadwood, a finale has been released that brings the gold-rush era drama to a close. The Deadwood film premiered on HBO last week, and fans of the show will find much to remember and appreciate in this conclusion. Much remains familiar in Deadwood a decade later; the surviving characters are older, but the dynamics and cadences of their interactions remain. The series concluded with an epic clash between the...
How ‘conservatives’ became the war party
The only thing that can e the stupidity of modern-day progressives like Alexandria Ocasio-Cortez and the 24 people contending for the 2020 presidential nomination of the Democratic Party is an understanding of the price—and the consequences — of the policies that they preach. Progressive policy is expensive, very expensive, and a wise person should be extremely reluctant to spend other people’s money on utopian schemes like the Green New Deal. But people are not wise, and that is why America...
Capitalism and the opportunity for a more united conservative front
Last week the Heritage Foundation hosted an event featuring Samuel Gregg, the Acton Institute’s director of research, in which he highlighted the importance of providing not only an economic justification for capitalism but also a moral justification. At Juicy Ecumenism, Mia Steupert considers Gregg’s talk in light of the recent debate among conservatives: Gregg discussed this topic in the framework ofAlexis De TocquevilleandMichael mentary on the moral justifications of capitalism. Gregg mainly focused on outlining Novak’s views on the connection...
A new Member of European Parliament exposes Europe’s self-doubt
Last week’s elections for European Parliament swept a bountiful harvest of Euroskeptic thorns into the EU’s side. Among them are the Sweden Democrats; Trey Dimsdale has interviewed successful SD candidate Charlie Weimers for the Acton Line podcast, and Weimers contributes a book review of Kasja Norman’s stirring book Sweden’s Dark Soul: The Unraveling of a Utopia to Acton’s transatlantic website. The book’s evocative opening leads to probing questions of Sweden’s searing self-doubt. Weimers writes: Norman starts the book depicting hundreds...
When the Federal Reserve does too much
Note: This is post #123 in a weekly video series on basic economics. “If you think through all of the variables that shape a country’s economy, it’s no wonder that monetary policy is difficult,” says economist Alex Tabarrok. “It should e as no surprise that the Federal Reserve doesn’t always get it right. In fact, sometimes the Fed’s actions have made the economy worse off.” In this video by Marginal Revolution University, Tabarrok shows what happens when the Fed promotes...
HBO’s ‘Chernobyl‘: A scathing rebuke of Soviet secrecy
In case you missed it, the final episode of the highly acclaimed five-part HBO miniseries “Chernobyl” aired last night. When the credits rolled, I let out a pent-up breath that I didn’t know that I was holding in and slumped back in my seat, finally able to relax. The show was over, but the weightiness of its message and atmosphere lingered on, sticking with me even as I laid down to sleep. “Chernobyl” dramatizes the events leading up to and...
What Christians should know about recessions
Note: This is the latest entry in the Acton blog series, “What Christians Should Know About Economics.” For other entries inthe series seethis post. What it means: The economy shifts from periods of increasing economic activity, known as economic expansions, to periods of decreasing economic activity, known as recessions. This is known as the business cycle and includes four phases: expansion, peak, contraction, and trough. An expansion is a period between a trough and a peak, and a recession is...
New study exposes career training cronyism
Last week the Mackinac Center — a think tank that focuses on public policy in Michigan — published a new study: “Workforce Development in Michigan.” The study, authored by Hope College economics professor, Acton research fellow, and Journal of Markets & Morality associate editor Sarah Estelle, examines the wide variety of skills-training and employment programs in the state. As the Mackinac Center put it in their press release, The government has been actively involved in job training since the 1960s,...
The European left and immigration
Danish elections are usually not high on the list of must-watch political contests but the ing election on June 5 is one that I think worth watching. As this Guardian article illustrates, it is distinguished by the fact that the Danish Social Democrats—the main center-left party in Denmark—have revisited and substantially changed their approach to immigration. Under the leadership of Mette Frederiksen, the Danish Social Democrats have broken with the reigning consensus on the European left, essentially adopting many of...
The Ahmari/French debate: A reading list
“If you printed out and stacked up every piece written about the dispute between First Things contributor Sohrab Ahmari and National Review writer David French, it wouldn’t quite go up 68,000 miles—that would be the $22 trillion national debt, stacked by ones—but it would be towering nonetheless,” says Matt Welch. For those who are late to the debate and want to catch up, I’ve collected a reading list of articles related to the controversy. I’ve included the original essay by...
Related Classification
Copyright 2023-2026 - www.mreligion.com All Rights Reserved