It is sometimes argued that state revenue generated by lotteries is different from tax revenue because people
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It is sometimes argued that state revenue generated by lotteries is different from tax revenue because people choose to buy lottery tickets. Compare three state revenue sources – cigarette excise taxes, personal income taxes, and state lotteries – in terms of the usual economic criteria of economic efficiency, equity, and administrative cost. Do all three arise from voluntary acts of taxpayers, and does that matter for the economic analysis?
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