Thursday, September 13, 2007
Summary of "State Lotteries are Needed"
In this article, the author described that states and local commnuities were facing a shortage of funding and lotteries provide essential funs for state programs through voluntary taxation. Buy citing the history events, lotteries have been used for over 500 years and is still an attractive option to legislators. The author also cited the essey "Financing Public goods by Means of Lotteries", written by the economist John Morgan, to support his argument that lottery is a useful and viable financial resource for states. Through the successful lottery program in Georgia, it provided funding sources to education and created job opportunities for the citizens. The author also pointed out that states without lottery program might face a problem that large amount of money flee to the neighboring states which do provide lottery program. Besides, states can also profit from lotteries because of the economic benefits of providing relief to state taxpayers. The author also provide a counter-argument that sometimes lottery might cause adverse effects on those who routinely consume this product. But if effective administration of lottery revenue is achieved, the proceeds can accomplish a great deal of good.
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