and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
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why pay 1 person 200 mill for a lottery win?
- Thread starter srlip
- Start date
- May 23, 2012
- 10,511
- 2,333
- 280
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
So what's this got to do with education?
Asclepias
Diamond Member
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
You need to read a book on human psychology. The system works as intended.
- Aug 4, 2009
- 281,398
- 142,688
- 2,615
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
We tried lotteries with lower payouts and a greater chance to win.
It used to be a lottery win payout would be $1 million up to $5 million. The public got bored. Lotteries started increasing the odds and upping the payout. Now they have some mega Lotteries approaching $1 billion....sales go through the roof
In New York the Lottery was supposed to benefit education...
Sales on Lottery games is tremendous....
Story after story about how there are schools with all sorts of problems....
What happened to all the money that the Lottery was supposed to hand over to the education system?
Sales on Lottery games is tremendous....
Story after story about how there are schools with all sorts of problems....
What happened to all the money that the Lottery was supposed to hand over to the education system?
Low jackpots cause low participation which leads to lower yet jackpots.
Like liberal legislators writing checks for % signs instead of $ signs.
Like liberal legislators writing checks for % signs instead of $ signs.
Lottery = tax on stupidity.
- Aug 4, 2009
- 281,398
- 142,688
- 2,615
Lottery = tax on stupidity.
Lottery is a tax on people who are not good at math
But for a buck you can dream of being a mega millionaire. Not a bad investment
Lottery = tax on stupidity.
Lottery is a tax on people who are not good at math
But for a buck you can dream of being a mega millionaire. Not a bad investment
Yeah, but how much coke would that buck buy you?
- Sep 14, 2011
- 63,947
- 9,979
- 2,040
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
You need to read a book on human psychology. The system works as intended.
Yep.
Its a tax for idiots.
- Aug 4, 2009
- 281,398
- 142,688
- 2,615
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
As a lottery winner once said about what he would do with his winnings..
Half will go to the I.R.S. the other half will go to the M.R.S
Some powerball payouts were 1 winning ticket for over $400 million.
And the holder of the ticket was 1 person...
That's crazy money for one person to get.
Unless it was me of course....
And the holder of the ticket was 1 person...
That's crazy money for one person to get.
Unless it was me of course....
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
In an ideal world this would happen but in reality when people play the lottery they dream of winning millions, they don't dream about winning 100k
Skull Pilot
Diamond Member
- Nov 17, 2007
- 45,446
- 6,163
- 1,830
If you think you can retire and live on 100K for 20 years or more, you are the twit
BobPlumb
VIP Member
- Jul 16, 2013
- 2,127
- 601
- 88
Lottery = tax on stupidity.
Lottery is a tax on people who are not good at math
But for a buck you can dream of being a mega millionaire. Not a bad investment
Once or twice a year I will throw away a buck of two on a mega lottery ticket. I'm more likely to die in a car crash over the next day or so than winning, but someone 's going to win. Might be me!
BobPlumb
VIP Member
- Jul 16, 2013
- 2,127
- 601
- 88
If you think you can retire and live on 100K for 20 years or more, you are the twit
100k is less than 3 years average salary.
- May 23, 2012
- 10,511
- 2,333
- 280
and then take half of it in taxes?. Instead, pay 2000 people 100k each, and have NO tax on that money. The cost will be the same, but the effect of the change will differ your results, a LOT. If you can't retire on 100k (cash) you're just a twit, anyway. I guaranteee that MANY times as many people will play your lottery, folks. That means LOTS more money comes into your gov't agency.
$110k isn't much to retire on nowadays.
- Apr 10, 2013
- 23,667
- 1,880
- 265
why pay 1 person 200 mill for a lottery win? Because they won!!!!!
Skull Pilot
Diamond Member
- Nov 17, 2007
- 45,446
- 6,163
- 1,830
If you think you can retire and live on 100K for 20 years or more, you are the twit
100k is less than 3 years average salary.
Rule of thumb for basic financial planning.
Every 150K you have at a 5% return will provide you 1000 a month for 20 years,
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