Stop Predatory Gambling

Break the Chains

by spgadmin

Below is a recent ad by the Colorado Lottery that shows the government program of predatory gambling in its full glory and is an example of how it has created two classes of people in America: the Investor Class and the Lottery Class.

While most of people are part of the Investor Class, putting money away in retirement accounts and 529 college funds for their kids, the state is turning millions of people who are small earners with the potential to be small savers into a new class of habitual bettors – the Lottery Class. They represent the 1 out of 5 Americans who, according to the Consumer Federation of America, think the best way to achieve long-term financial security is to play lottery games like Powerball – with its 1 in 195 million odds.

In these difficult economic times, why are public officials promoting a government program consisting of virtually worthless gambling products that prevents millions of low and moderate-income Americans from joining the class of savers and investors? Why not help people accumulate the capital they need to live the real American Dream instead of pushing them deeper into debt?

The Colorado Lottery, with a mocking sense of humor, labeled its ad “Break the Chains.”