January 5, 2010
The Economics of the Microsoft Case
January 5, 2010
The Economics of Illegal Drugs
January 5, 2010
Intellectuals and Society
January 5, 2010
Thinking Outside the House
January 5, 2010
FP2P Watch
January 5, 2010
The Books I Wish My Colleagues Would Write
January 4, 2010
Predictably Irrational or Predictably Rational?
January 4, 2010
My Sowell-mate on the Knowledge-Power Discrepancy
January 4, 2010
FP2P Watch


I'd love to see a comparison of lotto winners with game show winners. Small stakes experiments tend to find big differences between earned money and windfall money....
Ummm... loss of support for the estate tax among lotto winners screams SIVH to me. And why should lotto winners be concerned with redistributive policies? My (limited) understanding of most lotto programs is that the tax rates are fixed once the annuity begins to pay out. So what difference would policy changes make to them if they're self-interested?
I would assume that lotto winners would favor redistributive policies. That is because the whole idea of wealthy people being "winners of life's lottery" probably rings true for them, after winning the lottery. Their wealth is accidental--why think that they shouldn't give back. I also think that most serious lottery players probably have the same outlook.