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Neal Wanless, a 23-year-old, down-on-his-luck rancher, won a $232.1 million Power lottery jackpot last week. Yet you are unlikely to see editorial outrage at the New York Times, Vanity Fair, Slate or in any of the columns of writers who routinely bash capitalism for its excesses. But why not? Of all the complaints ever made against capitalism – from Karl Marx to the present day – there is one area of life where the complaints ring true: the lottery. Consider:

  • One person becomes extremely rich.
  • The winner's riches come at the expense of everyone else – the vast majority of whom have below-average incomes and many (maybe most) are actually poor.
  • The winner did nothing to deserve, merit or earn his reward – everything he has is the result of sheer luck.
  • In one single drawing this lottery produced more inequality (among the participants) than any act of Congress or private sector venture ever could.

So why is the left so blithely acceptant not just of lotteries, but of state-created-monopoly-lotteries? Why do columnists who become apoplectic about the salaries of CEOs ignore those whose riches are the result of random chance? Why are lotteries such a popular source of revenue among Democrat politicians? I report. You decide.

  • Homelessness Update: Michael Moore was wrong. LA hospitals aren't dumping homeless patients; they are recruiting them-with offers of food, cigarettes and even cash to buy crack cocaine. The reason: more excuses to bill Medicaid [link].
  • Cancer update: Almost everything that's fun to eat or drink is bad. "Even being a little bit overweight is a risk" [link].
  • Health tip for bird watchers. Geese usually don't defecate while flying [link].
  • How do Canadians doctors get rid of patients? By lottery [link].

On Christmas Day 2002, Jack Whittaker won the lottery. He won big. At $315 million, he held the largest single winning ticket in the history of American lotteries.

Where did all that money come from? It came disproportionately from people on the bottom end of the income ladder – people who might otherwise have paid the rent, clothed their children or put food on the table for their families. (Whittaker, by the way, is an exception to the general rule; he was already worth $1 million before he bought his lucky ticket.)

As a result, that fateful Christmas Day will be remembered for achieving yet another milestone: An act of government that created more inequality per dollar spent in the shortest amount of time in all of human history. Continue reading »