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Another eye-popping multi-state lottery prize is dangled before our eyes, and once again we will be treated to hype and virtue signaling, leaving us none the wiser. The hype, backed by the state governments who get a cut of the action, is the easiest story to write. Heck, it has already been written hundreds of times. Just pop open the last story, cut and paste current dates and dollars, plug in the man on the street, swap out pictures, and throw in a woman at the convenience store video clip. The virtue signaling is even simpler. No need to update a thing. Everyone repeat after me: “the lottery is a tax on stupidity.” How about, for once, we all do better. In fact, let’s follow First Lady Melania Trump’s call to “Be Best.”
I’m no math whiz, but I can still do my 5th-grade math, and I managed to pass a course in valuation. Hey, hey, don’t fall out here! I’m not going to go all spreadsheets and green eyeshades on you. In fact, we’ll just do a simple 5th-grade long division problem, which is no problem at all with your kitchen table calculator or your laptop. Heck, you can just ask Siri or Alexa or some other genie to do the work for you.