Why is lottery often referred to as the "foolish people's tax"?

[Julio88]

Lottery is often referred to as the "foolish people's tax" because it is considered a form of gambling that is not likely to result in a significant return on investment. Playing the lottery is seen as a form of entertainment, with the chances of winning being so low that it can be viewed as a tax on those who choose to play. Additionally, lottery tickets are usually expensive, and the cost of playing can add up over time. As a result, it is often viewed as a form of voluntary taxation that those who purchase lottery tickets must pay.

 

[James108]

The lottery is often referred to as the "foolish people's tax" because the odds of winning are so low that it is not a wise investment. For example, in Powerball, the odds of winning the jackpot are 1 in 292,201,338.