Would Big Money Change You?

Discussion in 'Philosophy & Psychology' started by Thomas Stearn, Jun 5, 2019.

  1. Holly Saunders

    Holly Saunders Veteran Member
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    So it's a win, win all around..LOL
     
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  2. Don Alaska

    Don Alaska Very Well-Known Member
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    Most state lotteries were justified by saying that all the profits will go to the schools. Of course, as you said, no schools got built, but teachers and administrators may have gotten big raises...I don't know. I could be wrong on this, but I believe it is a Federal regulation that Indian casinos are only permitted in states that have Indian Country AND state-sanctioned gambling, such as lotteries.
     
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  3. Bess Barber

    Bess Barber Very Well-Known Member
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    This is how snazzy I am....I was thinking about how much stuff I could buy at Wal-Mart, not even realizing with millions of dollars I could fly to Paris and shop for something not made in China.
     
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  4. Shirley Martin

    Shirley Martin Veteran Member
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    Nope. Native Americans can have casinos on their reservations even if gambling is illegal in that state. It's a separate entity. There was a casino on the Cherokee reservation before NC passed the lottery bill. It's run by Harrods but the profit supposedly goes to the Cherokee nation.
     
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  5. Ken Anderson

    Ken Anderson Greeter
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    In Michigan, lottery profits went to the schools but that amount of money was deducted from what the state was already investing in the schools, so it was a scam.
     
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  6. Chris Ladewig

    Chris Ladewig Very Well-Known Member
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    I'm sure if I won I'd still be the crazy, cranky, "B" I am all the time. Sure would like to find out, I play three games twice a week.
     
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  7. Holly Saunders

    Holly Saunders Veteran Member
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    hahahaha...you'll find as many Chinese tat shops in Paris as anywhere else... believe me... :D...but yes I take your point...
     
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  8. Frank Sanoica

    Frank Sanoica Veteran Member
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    @Shirley Martin
    Questionable whether ALL the profit goes to the Cherokees, but likely some of it. ALL is very good P.R., though. Makes folks feel better about losing their money to the destitute rather than a big honky-tonk corporation. IMO. Frank
     
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  9. Shirley Martin

    Shirley Martin Veteran Member
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    I doubt if all of it goes to the Cherokee but I have seen homes that were built with some of it. Schools, too.
     
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  10. Mary Robi

    Mary Robi Very Well-Known Member
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    Same thing in Florida. The state said to the schools, "Oh, you're getting all this lottery money now so you won't need all this money that we HAD been giving you!"
     
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  11. Thomas Stearn

    Thomas Stearn Very Well-Known Member
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    Thanks for the info, @Frank Sanoica .
    Over here there are some private vendors as well who may get paid for the number of tickets sold. Don't know their margin, though. They also use faces and initials of people who allegedly won but that's made up.
    What you can read quite often, however, is the procedure when someone hit the jackpot. A rep of the lottery company would knock on your door, would officially confirm your win, and tell you all you need to know about how to handle it. Being secretive is the most important thing in order to avoid being hounded as @Don Alaska mentioned.
    And, yes, it's tax-free. The money is also used for funding projects like a stadium and the like which are not privately financed.
     
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  12. Holly Saunders

    Holly Saunders Veteran Member
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    #42
  13. Thomas Stearn

    Thomas Stearn Very Well-Known Member
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    Perhaps we mean the same thing, @Holly Saunders ? I actually had our state franchised national lottery in mind whose tickets are sold by private vendors or franchisees, if you like. Wasn't aware that it is, in fact, a franchise business, though, nor that there may be other private vendors as well.
     
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  14. Tom Galty

    Tom Galty Very Well-Known Member
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  15. Holly Saunders

    Holly Saunders Veteran Member
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