LETTER: We don’t need more millionaires

From reader Michael Jessen on a new BC lottery scheme...

The news that the B.C. Lottery Corp. has developed yet another new scheme to create millionaires should send shivers down the spines of all commonsense people.

A new lottery called Daily Grand, to be drawn on Mondays and Thursdays, offers a prize of $1,000 every day weekends and holidays included for the rest of the winner’s life.

Such lotteries contribute to the illusion that lots of money gives value to human life and that the pursuit of lots of money is a worthy goal in life.

These illusions are reinforced by economists who continually repeat the mantra that consumption is the true definition of both wealth and value.

Too late for many of us as thousands discovered during the 2007-2009 recession consumption results in overabundance and we learn that possessions can be more easily acquired than got rid of.

Money and the dominant economy it swirls around in is a creation of the human mind; it is not a positive response to life.

It has caused many to devalue clean air and water, healthy food, meaningful friendships, and vibrant, diverse communities.

Canada already has about 5,000 people with $30 million or more in wealth that control a total of more than $700 billion in assets.

A 2015 Credit Suisse report shows 984,000 Canadian millionaires, and 1.5 million 1-percenters, or those with at least $760,000 (U.S.) in assets.

Last month, Environics Analytics named Vancouver as Canada’s first “city of millionaires” with the average household net worth hitting $1,036,202. The leader of that analysis said: “It’s basically only real estate that’s fuelling growth in Vancouver.”

Creating more millionaires is unsustainable and will bankrupt the planet that has given us life, a fact too often forgotten in the chase for the almighty dollar.

Michael Jessen

Longbeach

Just Posted

Energy efficiency session at the Nelson Public Library

Nelson Hydro customers who are seniors are now eligible for free weatherization upgrades

Local Parachutes for the Planet visit B.C. Legislature

Nelson students made parachutes to push for climate change action

LETTER: Fix the potholes

From reader Bob Johnson

Kootenay Co-op Radio calls for support to avoid deficit

The annual funding drive is important to the station’s financial health

VIDEO: Protesters in Penticton gather to rally against sleeping-on-sidewalk bylaw

The proposed bylaw would outlaw sitting or lying on the city’s downtown sidewalks

Raptors beat Bucks 100-94 to advance to franchise’s first-ever NBA Finals

Leonard has 27 points, 17 boards to lead Toronto past Milwaukee

Third person charged in death of B.C. teen Bhavkiran Dhesi

Inderdeep Kaur Deo facing charge of accessory after the fact to murder

Kamloops girl, 9, recovering from carbon monoxide poisoning now out of ICU

Her mother who was sleeping in the same tent with her did not survive

‘I think he’s still alive’: B.C. mom pleads for help finding son last seen a month ago

Family offering $5,000 reward for information leading to the safe return of Tim Delahaye

New poll suggests one-third don’t want politicians to wear religious symbols

Local politicians shouldn’t be allowed to wear hijabs, crucifixes or turbans on the job, survey suggests

Raptors fans far from home adjust plans to watch pivotal playoff game

Raptors currently lead the playoff series 3-2, and a win Saturday would vault them into NBA finals

Five takeaways from the Court of Appeal ruling on B.C.’s pipeline law

It’s unclear how many tools are left in B.C.’s toolbox to fight the project

Kootenay man arrested and charged in 2015 murder

Nathaniel Jessup 32 of Creston has been charged with the second-degree murder of Katherine McAdam and offering an indignity to a body.

Most Read