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Monday, February 25, 2008

Lessons on a Monday in February

Lesson one:

Societies shouldn't have mechanisms created that take large amounts of money and transfer them to people of formerly extremely small means. Put another way, it is nearly crazy for a society to have a lottery in which middle class or lower middle class people can win millions of dollars.

It's a mistake virtually always.

It doesn't make sense.

It's a mistake looking to happen.

Wanna' have a terrific documentary? Rush to Georgia right now and start filming the family who just won 270 million dollars in the "Mega-Millions" lottery. It'll be a runaway success. This has tragedy written all over it (unless this family is extremely lucky--or smart).

Lesson number 2: World leaders should NOT hand uncompeted contracts worth large sums of money (read: millions of dollars--again) to friends, colleagues or associates. (See "Day 2" below).

I was right. The contract given to former Attorney General John Ashcroft for between 27 and 52 million dollars, according to the Associated Press, was not competed by the government--yours and mine--that gave it to him.

I wish I had been wrong.

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