November 27, 2008
Singapore Gives Thanks
November 27, 2008
Thanksgiving Thoughts
November 27, 2008
Emperor, Clothes, etc.
November 27, 2008
Letter of Law, Spirit of Law
November 26, 2008
Different Forms of Government
November 26, 2008
Roderick Long and the Tiny Gnomes from Neptune
November 26, 2008
When You're in a Hole, Keep Digging
November 26, 2008
Singapore's Policy Secret: Economic Literacy, Deference, or Resignation?
November 26, 2008
Notes on McArdle's Law


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.