Mises Wire

Of Lotteries Won and Lost

Of Lotteries Won and Lost

South Euclid loses out on tax windfall since the city charter wasn't updated to tax lottery winnings. "It's not a good day for the city," Mayor Georgine Welo said Monday. "We were all excited until we went to go for the money and learned that we are not entitled to it. We are very saddened by the news."

So instead of feeling happy about the good fortune of one of their fellow citizens, South Euclid city officials are upset. Funny thing is that I now feel doubly happy for the winner, Rebecca Jemison, who gets to keep another $1.4 million. Hoorah!

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