Synopsis

   A system that gives people both the option and ability to resolve their debt issues through a government provided “debt” lottery.

   One million people at a time submit their debt information to the lottery system (banks, credit cards, bills of all types, etc). These same one million people, put one dollar each (at least) into a pool of money. This pool of money ($1,000,000.00) constitutes the lottery to be “won.” However, the redistribution of this money is not random.

   The reason why we would collect an individuals debt information, is so that we can organize each persons debt in order from the least to the greatest, and then pay it off in the order of the least to the greatest. The goal here is not to pay off the largest of our debts (after all, only $1,000,000.00 of debt will be paid off through each lottery drawing). The goal is to get as many people out of debt as possible through each lottery.



Lotteries are conducted in various tiers:
   Tiers:

   A “Tier” is a category that describes the debt value range of the lotteries to be conducted.
   Tier 1) Less than $500.00 of debt:
       At least 2,000 people get their debts paid off.

   Tier 2) Less than $1,000.00 of debt, but more than $500.00:
       At least 1,000 people get their debts paid off.

   Tier 3) Less than $5,000.00 of debt, but more than $1,000.00:
       At least 200 people get their debts paid off.

   Tier 4) Less than $10,000.00 of debt, but more than $5,000.00:
       At least 100 people get their debts paid off.

   Tier 5) Less than $50,000.00 of debt, but more than $10,000.00:
       At least 20 people get their debts paid off.

   Tier 6) Less than $100,000.00 of debt, but more than $50,000.00:
       At least 10 people get their debts paid off.

   Tier 7) Less than $500,000.00 of debt, but more than $100,000.00:
       At least 2 people get their debts paid off.


   (And if this isn’t good enough, perhaps we should split the value ranges up into quarters instead of halves.)

Rules, Disqualifications, and Abuse prevention:

Rules:

   -A person may enter the lotteries as many times as they wish.

   -One dollar equals one entry. Ten dollars equals ten entries.

   - “Winners” are selected from the “Debt Lottery Tiers” based upon the amount of debt they owe. The smaller the amount of debt each person has in each “Debt Lottery Tier,” the greater their chances of winning.

Disqualifications:

   -Once a person wins a lottery, they are ineligible to enter and win another lottery until January 1st of the next year (I’ll elaborate more on the reasons of this date in a moment).

Abuse Prevention:

   - All submitted debt information will be analyzed for any spending increase before they qualify to enter a lottery. Any “spikes” detected in a persons spending prior to submitting their information will be interpreted as a deliberate attempt to abuse this system, and that person will become ineligible to participate in any lotteries until January 1st of the next year. No exceptions.

   The nature of marketing and purchases that take place during holidays are taken into consideration, and for such events, the “tolerance” level of the algorithm automatically adjusts to this collective spending increase.

Why January 1st?:

   Originally, I was thinking about resetting the “debt lotteries” on an individual basis. As in, the one year cool down begins the day after they win a lottery. But after further contemplation, I decided that it was best to have a “global” reset for a number of reasons.

   Resetting it on an individual basis is too chaotic. “Randomness” can be both a valuable tool and a destructive tool, depending on how it is utilized, and after taking the “psychological” tendencies it promotes into consideration. In the case of resetting it on an individual basis, it is inclined to be damaging. People like it when they have things in common with each other. It’s a sign of unity.

   A reset on an individual level would give rise to conversations between individuals that have the potential to be negatively inclined. “My debt lottery doesn’t cool down for another 8 months. “Oh, that sucks. Mine cools down next month.” These kinds of conversations should be avoided whenever possible. By having it on the 1st of January, it lets everyone have yet another thing in common with each other.