Exchange lotteries into money for the future
Recently, Thailandrsquo;s Juridical Council resolved that the Act allowing two-and three-digit lotteries does not exonerate the previous government. Instead of that Act, this government intends to amend the 1974 Lottery Act and use it. The revised Act will oversee legal lottery ticket distribution, but first it must be approved by the National Legislative Assembly.
The government now reconsidering the Lotteries Act causes many people to worry. If it revives legal lottery sales, many problems may arise which the existing legislation cannot answer. One of the primary concerns is how to prevent the lotteries from misleading people, especially the poor, whose pockets will be even emptier as a result of the lotteries. Thus, the government needs to be very careful as it reconsiders this sensitive issue.
Therefore, if the government revives lotteries, I propose that it revises the form that lotteries take. I also advocate that the government refrain from viewing lotteries as government income. Instead, I propose that the government place all lottery income in a long-term trust for the benefit of the people, something that can become a long-term security for the people. In this sense, lottery income can help strengthen the future of our people.
Use lottery money to create future income.The government can introduce a new form of lotteries, for example, something like lottery-savings, something which will benefit the buyer afterward. But, in this case, the reward is not 100% of the income but for receiving income from lottery will be put as a saving for lottery buyer in the future .
Re-stipulate the distribution of lottery income. Lottery monies can be divided into 3 types. First, some money will be used as prizes. Second, some money will be returned to each buyer as savings to be used when they retire. The third portion would be sent to the Ministry of Finance, where it would be used to provide welfare for all Thai citizens.
Assign financial institutes as hosts. The new-form of lotteries would be based on the concept of helping lottery players increase their savings. This would mean that government financial institutes such as the Government Savings Bank would manage the lottery-savings. Lottery retailers may be allowed to take the lotteries winnings from the financial institute and distribute them, provided the retailers will properly collect the buyersrsquo; information and honestly manage the saving accounts for them.
Decrease the values of the top prizes but increase the number of prizes so there will be more winners. If the government wants to retain lotteries, it should considering the values of the prizes. Rather than letting lotteries gain increasingly higher top prize values, thereby attracting new lottery players, it should adjust the values of the prizes, so more people will win something, even if the amount is rather moderate. This would decrease the hyper attention that the huge prize money attracts.
We must bring this proposed Act into the National Legislative Assembly for debate before any further decisions are made. The government itself should study how to prevent the grievous consequences that lotteries have and how to stipulate reformat lotteries to decrease and eventually end all types of gambling.
I argue that the government should avoid misleading the public in any form. At the same time, I also understand that restricting the behavior of lottery fans is difficult and takes time. It is impossible to eliminate lotteries in the near future because Thais are by nature risk-takers who hope that by investing a little money, they will have a chance at winning big money. Lotteries represent a hope that is within their reach, and some people see gambling in lotteries as less risky and damaging than other daily activities such as having an accident, experiencing a natural disaster, or encountering a criminal.
Therefore, if the government revives lotteries, I propose that it revises the form that lotteries take. I also advocate that the government refrain from viewing lotteries as government income. Instead, I propose that the government place all lottery income in a long-term trust for the benefit of the people, something that can become a long-term security for the people. In this sense, lottery income can help strengthen the future of our people.
Use lottery money to create future income.The government can introduce a new form of lotteries, for example, something like lottery-savings, something which will benefit the buyer afterward. But, in this case, the reward is not 100% of the income but for receiving income from lottery will be put as a saving for lottery buyer in the future .
Re-stipulate the distribution of lottery income. Lottery monies can be divided into 3 types. First, some money will be used as prizes. Second, some money will be returned to each buyer as savings to be used when they retire. The third portion would be sent to the Ministry of Finance, where it would be used to provide welfare for all Thai citizens.
Assign financial institutes as hosts. The new-form of lotteries would be based on the concept of helping lottery players increase their savings. This would mean that government financial institutes such as the Government Savings Bank would manage the lottery-savings. Lottery retailers may be allowed to take the lotteries winnings from the financial institute and distribute them, provided the retailers will properly collect the buyersrsquo; information and honestly manage the saving accounts for them.
Decrease the values of the top prizes but increase the number of prizes so there will be more winners. If the government wants to retain lotteries, it should considering the values of the prizes. Rather than letting lotteries gain increasingly higher top prize values, thereby attracting new lottery players, it should adjust the values of the prizes, so more people will win something, even if the amount is rather moderate. This would decrease the hyper attention that the huge prize money attracts.
We must bring this proposed Act into the National Legislative Assembly for debate before any further decisions are made. The government itself should study how to prevent the grievous consequences that lotteries have and how to stipulate reformat lotteries to decrease and eventually end all types of gambling.
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2007-03-09