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Discussion in 'In the News' started by Thomas Stearn, Jun 5, 2019.
I did buy lottery tickets for some time but then gave up on it 'cos only other people won.
Let's see, win a lot of money, like in the millions...……….well, we'd have FUN, FUN, FUN. Travel, have two homes, get dental work done, get a new Sebring Convertible. Did I say "have fun" and "travel"? Definitely!
LOL..me too..I decided to keep my money and not make other people rich with it...
Sounds like most of you, in contrast to that guy, wouldn't have to think twice about what to do with the money and most of you would also donate to charity. So would I. So, maybe, that lucky guy should pass some money on to those who know then.
Here's my prayer:
"Oh, Lord, please give me the chance to prove that having a lot of money won't change me!"
Keep my fingers crossed, Mary.
I, for one, can safely say that a mint of money wouldn't change me. (Apart from a strictly philosophical point of view saying that everyone keeps changing.) What makes me say that is that there were occasions on which I noticed that money doesn't seem to have an impact on me.
I don't even know if I'd move. I love my "little" Rent Control apt near the Pacific and it's just plain comfortable for me. I don't want anything but I would give money to some friends who could use some help and then probably the homeless charities...
I would also concentrate on more Prolotherapy PRP and maybe Stem Cells for my knee as I'd like and want that the most. I have everything else I need or want.
Oh I'd probably have a great chef prepare some meals and bring them in during the week. I cook but it's hard standing in the kitchen for me.
I probably would change, but I'm sure I'll never know.
Over here, large wins are invariably used to promote and enhance future lottery purchases. Anonymity is quite difficult to obtain, as even the vendor who sold the ticket gets not only advertising time but compensation as well! Here in Arizona, the State Lottery pays 11 cents to the vendor for each ticket sold! 11%!
.....and we don't pay ANY tax on our winnings !!!
Your losings aren't taxed either! Remember, you gotta play to lose!
When I lived in rural Georgia, a young Black couple moved into town a bought a small cottage in the "okay" (not good, not bad) part of town. It eventually leaked out that they had won the New York lottery, and people wouldn't leave them alone. They were hounded day and night by relatives, sales people with schemes, and friends they didn't know they even had met. They fled to the rural South, as they figured that was the last place anyone would seek out a wealthy Black couple, who had recently become millionaires.
My brother has always refused to play the lottery. He said if you had to move and change your name, you might as well be in the Witness Protection Program!
I worked in Phoenix as a new employee of Penn Athletic Products (makers of tennis balls) when the new lottery was being voted on. I had very little knowledge yet about my co-workers, 10 in all, comprising the R & D Group. I encouraged them to vote against passage, knowing a bit about the scheme involved. They were mostly aghast. What? Why, they're going to be swimming in money to fix roads, improve schools, etc., etc.
It passed, of course. Then it became publicly revealed exactly how it was to be structured. One drawing per week, tickets $1.00 each. The "take" was "divvied" thusly: $0.48 for Administration (no payback), 0.11 to the ticket seller, the remainder being a "pot of gold" awaiting a successful ticket. But, not so. Each week, the pot's contents was publicly revealed, number of tickets sold published, and the pot was auctioned to the highest bidder, successful ones usually being a big insurance company. Never publicly revealed, I am guessing it was far less than the pot, of course, perhaps 25 to 50 cents on the dollar. The buyer was gambling on a no big winner, of course. With the smattering of small wins, he stood to likely double his investment; in the event of a big winner, well, that's the chance involved. Long streaks occurred where there were no big wins.
That 48% toll produced oodles of revenue for the State, which, weekly, "washed it's hands" of the responsibility of truly administering the program: all they did was collect the dough! That was in ~ 1980. I've always wondered how many others are similarly structured.
BTW, no roads got fixed, schools built, etc.