This may lead to more tickets being purchased in the short-term, but really has no positive long-term effects.
-1

 

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What I mean by this is that we'd probably get more tickets being purchased in the excitement of the lotto change, but this excitement would die down and the amount of tickets purchased would return to normal levels.

 

Okay so let's do the math on this.

Under the current tax, to remove 15k from the economy, I need to buy 100 tickets.
1000 x .15 = 150
150 x 100 = 15,000

Under the new tax, to remove 15k from the economy, I need to buy 150 tickets.
1000 x .1 = 100
100 x 150 = 15,000

Your argument is only true if the number of tickets being purchased increases by more than 50%, which is an enormous change which I don't see being the case long term.

(It also doesn't make lotto any more attractive to anyone but the ones buying tons of tickets anyway - new players will quite quickly find that lotto isn't in their interests).

 

-1

 

We should raise tax to 20% !

 

same argument as nicit put up above.

Under the current tax, to remove 15k from the economy, I need to buy 100 tickets.
1000 x .15 = 150
150 x 100 = 15,000

Under the new tax, to remove 15k from the economy, I need to buy 75 tickets.
1000 x .2 = 200
75 x 200= 15,000


This means to keep lotto it needs to retain 75% of all the tickets bought.

When the taxes were increased from 10% to 15% back in 2012 (or 2013, I don't remember) it took half a year for it to even out. It didn't even increase the money taken out of the economy. It just evened out. Increasing taxes does nothing.

 

I know, the whole argument is silly, just because it would be nice for 10 or 20 or hell 50 % 's there is no need or reason to change it