alternatively, it's a form of voluntary taxation that sorts strictly based on statistical numeracy (or rather, innumeracy) and despair. it's deeply predatory and I remain shocked that it's legal at all, let alone monopolized by the government.
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what i propose is that such a horrifyingly predatory enterprise is monopolized by the government specifically because it pushes more positive exercises out of the space
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Have you read the Poker Face of Wall Street by Aaron Brown?
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i have not
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I've seen that discussed but not often enough. Compared to the numbers, government lotteries have terrible payoffs (which are taxed) and the money all leaves the community, *maybe* to come back later.
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yeah, i formed the thought a while ago and assumed that like everything else if i've noticed it then an enormous body of literature has already beaten it to death, but i randomly googled for it this morning and google was like "i have no idea what you're talking about"
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I *have* heard a similar argument raised against government crackdowns on pyramid schemes in 1990s Albania
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hunh that seems like a bridge rather far
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I think John Oliver talked about this
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oh neat
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