October 11, 2009
Britain's Central Planning Death Panels
October 11, 2009
Free Market M.D.
October 11, 2009
Economies of Scale in Compliance
October 11, 2009
Balan's Challenge
October 10, 2009
The Pleasure of Telling Others What to Do
October 10, 2009
Gonick the Great - and How He Could Have Been Greater
October 9, 2009
More Scott Sumner
October 9, 2009
Not From The Onion
October 9, 2009
Thoughts on a Second Stimulus


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.