Perhaps, some of the poorer people see that at affordable vice where the rich can afford finer things if you can call that. I too buy lottery but I don't smoke and I tell my friends who do why do you want to pay more taxes. OK, it's actually cigarette duties but it is still going to the government. I think we have quite a high tax on cigarettes in Singapore.
Perhaps, the guys is going the right way in setting expectation for their kids:
Billionaires Warren Buffett and Bill Gates have similar ideas about how much money you should leave your kids
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Here it seems like middle class people will buy lottery tickets as a joke or as entertainment when jackpots get really high but poor people will spend significant percentages of their income because the only ways they can imagine becoming rich is to win the lottery or sue their insurance company.
Oh no, no, no. :-) To me, I buy it as an investment.
Gambling is a form of investment.
An investment with absolutely very risk of losing everything and very minute chance of making very huge profit. :-)
Hahaha