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.