Public Asset Sales: Does the Public Benefit from State Lottery Sales?
Source: Jay Young, PA Times, Vol. 30 no. 3, March 2007
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After years of reduced federal support from Congress and the Bush Administration, state and local governments have recently been aggressively pursuing new sources of revenue to meet the service requirements of its citizens. Increasing taxes on income, real property, or even sales taxes are widely viewed as anti-business, anti-citizen and the equivalent to political suicide….
… Recently governments have begun to privatize assets to generate increased cash from either one time payments, a royalty like stream, or a combination of the two…