BRYAN CAPLAN
May 7, 2013
Keynesian Bets: What's Out There
May 6, 2013
Keynesian Bets Bleg
May 6, 2013
The Pyramid of Macroeconomic Insight and Virtue
May 2, 2013
A Natalist Provision
May 1, 2013
I Was a Teenage Misanthrope
DAVID HENDERSON
May 5, 2013
John Thacker on Vaccinations and the Sequester
May 3, 2013
Chef Rudy's Virtues Project
May 2, 2013
My take on Reinhart and Rogoff
May 1, 2013
Medicare Kills a Program


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.