Like most Americans, I never gave much thought to lotteries. They were just an amusing, unlikely way to get rich at the cost of a only few bucks and some minutes filling out tickets.
But as The Atlantic’s Derek Thompson points out, lotteries are big business in the U.S., and can very well be considered an industry in their own right. Consider the following chart based on data from the North American Association of State and Provincial Lotteries (they’ve got an organization for everything these days). As of 2014, Americans nationwide spent more on lotteries than on all other forms of entertainment combined. Continue reading →
Of course, this list is hardly exhaustive. Such inequality is becoming systemic in our economy. There are a few surprises, but a lot of the usual suspects too (not to mention some offenders that aren’t widely known). Warning: if you have a strong sense of justice, this report will deeply anger and/or sadden you.
Let’s be clear: while some level of income inequality is to be expected, the gap of fortune that is present within these companies – and hundreds more – is unjustifiable both ethically and practically (good luck sustaining a healthy economy and society when more and more people are being paid too poorly to get by).
Many of these companies make enough money to pay their workers more while still leaving plenty for their executives. But greed and self-entitlement have reached a level where even a few million dollars won’t satisfy these titans of industry. Meanwhile, most of them work to cut (largely insufficient) government programs, which wouldn’t be so desperately needed in the first if these elitists paid people better.
Don’t like big government or unions? Then why don’t you pay people a living wage so the state isn’t as depended upon? Why don’t you prove that you don’t need regulations to be socially and economically responsible?