Prize Linked Savings Accounts: the cure for the common Lottery
hive-167922·@shortsegments·
0.000 HBDPrize Linked Savings Accounts: the cure for the common Lottery
 ##### The common lottery is like the common cold, something to be avoided. Today we talk about the cure, yes the cure to the common lottery. The No Loss Lottery! #nolosslottery # PLSA or Prize Linked Savings Account - This is basically a savings account, which allows you to win prizes. - ‘This is great for three reasons: - ‘First, the poor spend a higher percentage of their income on lottery tickets then the rich or middle class. - The odds of winning a lottery are very low, like 1 in a million or 1in ten million. - ‘For these reasons lotteries are viewed as taxes on the poor, as they lose the money they spend on lottery tickets, and have no real chance of winning. ## The cure for the common lottery ##### The Prize Linked Savings Account is often said to be the cure for the common lottery. - The prize linked savings account is great compared to a lottery because the odds of winning are better, and the ticket price is never lost. - Because the poor who deposit in Prize Linked Savings Accounts with a hope of winning, end up saving a high percentage of their take home pay then the rich or middle class these prize linked savings accounts become an excellent incentivized savings vehicle. ## Last thoughts - Some times people look down on the poor, and criticize them for playing the lottery, as a waste of time. - ‘But for many poor with no skills, no education, and no real prospects for changing there lives, a lottery is their only hope. And the strongest emotions humans have is hope. For without hope all is lost, and suicide is the only answer. - ‘So the next time you feel like criticizing lotteries, remember they are the last hope of the downtrodden, and without them there would be only hopelessness. - So instead of criticizing them, patronize the better version, the Prize Linked Savings Account or No Loss Lottery. Reward the behavior you want to continue, behavior that helps people win! ##### @shortsegments Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@shortsegments/prize-linked-savings-on-hive-the-cure-for-the-lottery)
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