Lottery Winners Unintelligent? No way!

http://new-million-dollar-ideas.blogspot.com/2007/10/7-lottery-winners-who-lost-their.html

Come to think of it, the fact that you are participating in a lottery is essentially prima facie evidence that you are stupid and would be unable to intelligently manage the lottery winnings, isn't it?

We used to call lotteries something else back in the quaint days of Cosa Nostra. They were called "numbers rackets." Why "rackets?" Because they were considered a scam. People pay money for a chance to win a smaller percentage than what others paid in. It's a classic scheme/crime. So, of course, they're illegal.

And governments run them.

Oddly enough, when crime syndicates and private enterprise fight for your idiot tax, they offer you much better odds. The California lotto, for example, pays pennies on the dollar into the winner's share. If there was competition, you'd see 99% pay-outs competing with 99.9% payouts in no time (assuming overhead is as low as I think it is, and collusive activities outlawed).