ARNOLD KLING
August 14, 2011
The Top Political Contributors
August 11, 2011
Gender and the New Commanding Heights
August 11, 2011
Jamie Galbraith Makes an Assumption
August 11, 2011
Macroeconometrics: The Science of Hubris
August 10, 2011
Real and Nominal Bond Yields
BRYAN CAPLAN
August 14, 2011
The Effect of Thumb Sucking on Income
August 12, 2011
The Voice of Cold, Hard Truth to All Would-Be Educators
August 12, 2011
Ability, Morality, and Prosperity: A Paper and a Report
August 11, 2011
The Theory of Time and Frittering
August 10, 2011
Male Variance and the Remnants of the Gender Gap
DAVID HENDERSON
August 9, 2011
Hayek in "Unbroken", Part Two
August 8, 2011
Hayek in "Unbroken"
August 5, 2011
James Bovard on the Peace Corps
August 4, 2011
Summers Way Off on FDR and 1941
August 3, 2011
The "Amazon" Tax


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.