2) why do they call the lottery a \stupid tax\? 3) list 1 method of budgeting that you plan to use. list a…

2) why do they call the lottery a \stupid tax\? 3) list 1 method of budgeting that you plan to use. list a second method of budgeting that you plan to use.

2) why do they call the lottery a \stupid tax\? 3) list 1 method of budgeting that you plan to use. list a second method of budgeting that you plan to use.

Answer

Brief Explanations:

  1. The lottery is called a "stupid tax" because the odds of winning are extremely low, and people often spend money on lottery tickets without a rational expectation of a return, similar to paying a tax for a very unlikely gain.
  2. One common budgeting method is the 50/30/20 rule. It divides income into three categories: 50% for needs (such as rent, utilities, food), 30% for wants (entertainment, dining - out), and 20% for savings and debt repayment.
  3. Another budgeting method is zero - based budgeting. In this method, every dollar of income is allocated to a specific expense or savings goal, starting from a zero base each month.

Answer:

  1. Because the odds of winning are very low and people spend money with little chance of return.
  2. 50/30/20 rule
  3. Zero - based budgeting