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Letter: Is it time for a Cayman Islands lottery?

Published on Wednesday, September 2, 2009Email To Friend    Print Version

Dear Sir,

Is it time for a Cayman Islands lottery to bail government out of the rut and avoid taxing the people?

That might not be a bad idea, provided it is supervised in the UK mother country. God help us all if a Cayman lottery is supervised here in the Cayman Islands. No political dipping in our cookie jar!

This may be the answer to Mr McKeeva Bush’s financial fiasco to resolve the government deficit after all. But it must be done right.

Lottery: a scheme for distributing prizes by lot or other method of chance selection to persons who have paid for the opportunity to win. The term is not applicable when lots are drawn without payment by the interested parties to determine some matter, e.g., the distribution of property among heirs. The absence of any element of skill or play distinguishes the lottery as a form of gambling. Under common law in England and the United States lotteries were lawful. They paid for many public buildings and founded and supported educational, charitable, and religious enterprises.

Private lotteries, which were particularly susceptible to fraudulent practices, were first generally prohibited in the early 19th century. Most publicly sponsored lotteries were discontinued not long afterward. With the adoption in 1890 of a federal statute prohibiting the transportation of lottery tickets or prizes by mail or in interstate commerce, the largest American state lottery – that of Louisiana – came to an end. It was not until more than 50 years later that state lotteries were again legalized in the United States, when New Hampshire authorized (1963) a sweepstakes lottery, the proceeds of which were to go to education.

With the assistance of computers, 42 states and the District of Columbia now operate daily and weekly lotteries with huge payoffs; states also participate in regional and multistate lotteries, ranging from Tri-State Megabucks (Maine, New Hampshire, and Vermont) to Powerball (with 31 states and territories). Often the lottery drawings are televised. Lotteries are also lawful in many other countries, some of which jointly operate multinational lotteries.

We need the lottery to generate government revenue.

Conclusion: Why not quickly get public input for a national lottery?

It would bring millions of dollars to the Cayman Islands but should be carefully monitored.

J. Smith
Texas

 
Reads : 865

Comments:

Everette Humphrey:
A lottery is just a farce. In every place it has been tried, including my home state, it draws the majority of its funds from those who can least afford it. Wise people realize the odds are not worth the effort, but the poor see it as their best chance of getting some money. In Detroit, the studies show that over 70 percent of those who play are below the poverty line in income. Truly creative governments do not let their people fall into this bottomless pit of hopeless dreaming.

Darrin Frickey:
I could not agree more. A weekly lottery would bring in a huge chunk of cash to help the Cayman government get back on its feet financially. I'm not in favour of casinos on the island, as I believe they would create more problems than they would solve, but a simple six number lottery would be very beneficial to the country.

Kanyu Hirminow:
Lotteries are quite simply taxes on people that are bad at math. Society must decide if it wants to tax those people.


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