LaVidaRoja wrote:Yes, he is an adult, and yes, he is presumed to be competent. However-- This is right up with selling a "lifetime annuity" to a person who is 80 years old when the annuity does not start to pay out for another 20 years. There ARE levels of financial fraud that, if not regulated against, should be.
I see your point but I don't agree. This lottery winner is described as a young man.
You're comparing the lottery winner's muddle to an elder-abuse implied duress situation, wherein someone takes advantage of an elderly man's limited vision making him unable to read and understand the fine print, and reduced reasoning capacity making him unable to add 80+20 and comprehend the implications. It's not the same.
Of course the lottery itself is sometimes described as a tax on the poor. They're willing to pay the government hundreds or thousands of dollars a year on the unlikely chance they can get a free ride out of poverty, not realizing that if they'd invested the same amount they might have bought their own way out. The same lack of education which made too many of them poor in the first place means that too many winners don't recognize the financial vultures hovering overhead.
"Never try to teach a pig to sing. It wastes your time and annoys the pig." - Robert Heinlein