It is highly likely that someone will win the big lottery drawing you have so hopefully entered. That seems clear enough, but here is what gets missed: The certainty of something happening doesn't increase the chances that it will happen to you.
Poker players frequently give off signals that tip off the kind of cards they have. It is the same thing in these conferences. I would actually pay the attorneys and clients to bring me to meditations as I can spot problems and make corrections before they get money in their hands.
Now, with the big drawing over and a few people much, much richer than they were on November 27th, it's a good time to look at America's lotteries. And an objective look at them reveals a simple truth: They're a bad idea.
As dad was dishing out food to homeless people, he was approached by a nun "What do you do for a living?" "I'm a gambler," replied my father. "Joe, this is the first time we ever had a gambler on THIS side of the table." Problem gambling has pushed a lot of people into poverty.
Knowing just how broke the city is, the layman might think this plan is sound -- if not ingenious. But to those of us who know a thing or two about state sponsored gambling, this is going to be hell for DC residents.
Suggesting that America's savings problem be solved by establishing an Eva Peron-style lottery incentivizing those with little to save doesn't understand the dynamics at play in the American economy today.
Each year, I write a column on Derby Day, and if you have followed my advice, you have lost a lot of money. The large fields at the Kentucky Derby throw logic out the window. Still, the betting system I tour is a good one.