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Old 11-28-2012, 10:48 AM
 
615 posts, read 805,534 times
Reputation: 550

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^^^^ No, I am a libertarian and not into wealth distribution. I am insulted by your response. It is amazing how nasty people get on this site.

I just think it would be silly for one person to win 500 million. I would prefer more people to get rich. I guess by your definition that means I am into wealth distribution.

 
Old 11-28-2012, 10:51 AM
 
Location: Land of the lost
56 posts, read 190,232 times
Reputation: 34
Going to say it - If I win I am telling no one and not sharing! I am paying off my house and putting the rest in my retirement account.
 
Old 11-28-2012, 11:07 AM
 
Location: ( ͡° ͜ʖ ͡°) (╯°□°)╯︵ ┻━┻ ̡
7,112 posts, read 11,216,751 times
Reputation: 3872
California might one of those states where it is mandatory to hold the oversized check, show your face and announce your full name. Not sure.



I don't think anyone would want to participate in this unless it was a mandatory requirement to collect.


Sent from cell...
 
Old 11-28-2012, 11:14 AM
 
Location: Earth
4,506 posts, read 5,467,317 times
Reputation: 4935
Quote:
No, I am a libertarian and not into wealth distribution. I am insulted by your response. It is amazing how nasty people get on this site.

I just think it would be silly for one person to win 500 million. I would prefer more people to get rich. I guess by your definition that means I am into wealth distribution.
So, since you admit it, why are you insulted....unless you're ashamed of what you are...

If you win big you're free to give it away, but not to tell others what to do with their money...as it is the IRS Company will get a pretty big share of it already!
 
Old 11-28-2012, 11:19 AM
 
Location: SIN CITY LAS VEGAS
110 posts, read 149,189 times
Reputation: 68
Quote:
Originally Posted by newopty View Post
^^^^ No, I am a libertarian and not into wealth distribution. I am insulted by your response. It is amazing how nasty people get on this site.

I just think it would be silly for one person to win 500 million. I would prefer more people to get rich. I guess by your definition that means I am into wealth distribution.
Nothing "silly" about one person winning 500 million at all. Do you prefer more people have degrees? What about more people owning homes?
 
Old 11-28-2012, 11:23 AM
 
615 posts, read 805,534 times
Reputation: 550
Quote:
Originally Posted by Cyborgt800 View Post
So, since you admit it, why are you insulted....unless you're ashamed of what you are...

If you win big you're free to give it away, but not to tell others what to do with their money...as it is the IRS Company will get a pretty big share of it already!
I didn't tell anybody what to do. You are the one telling people what to do.

All, I wrote and I suggest you try reading something before insulting someone, is that I would prefer that there were multiple winners. How is that telling people what to do?
 
Old 11-28-2012, 11:51 AM
 
Location: Sunrise
10,869 posts, read 14,195,920 times
Reputation: 9010
Quote:
Originally Posted by Cyborgt800 View Post
The reason some win big and go broke is the same reason some people will always be broke, no matter what...no discipline or knowledge/responsibility of how to handle money.

So, filling the car up with gas, driving across state lines and wasting time in line to purchase lottery tickets (with basically zero-chance of winning) is the disciplined, responsible approach to money management?

You should share your investment strategy on Motley Fool. I'll stick with index funds.
 
Old 11-28-2012, 12:08 PM
 
1,009 posts, read 3,627,425 times
Reputation: 753
Quote:
Originally Posted by von949 View Post
announce your full name
Per Arizona lottery FAQ . . .

"If I win the jackpot, do I have the option of remaining anonymous?
Jackpot winners are given the option of participating in a press conference. Many of our past jackpot winners have enjoyed this opportunity, and it usually eliminates receiving multiple calls from the media. The Arizona Lottery is required to release the winner’s name, city of residence, game, and amount won upon request, so total anonymity is not possible."


35% federal tax
6% Arizona non-resident tax
 
Old 11-28-2012, 01:51 PM
 
Location: Earth
4,506 posts, read 5,467,317 times
Reputation: 4935
Quote:
So, filling the car up with gas, driving across state lines and wasting time in line to purchase lottery tickets (with basically zero-chance of winning) is the disciplined, responsible approach to money management?

You should share your investment strategy on Motley Fool. I'll stick with index funds.
Show where I said the lottery was a solid investment strategy?

What I said was SOME people can't handle money no matter how much you give them...which is why some win big and go broke soon after.

You're trying to connect different colored dots!

And spending $30 bucks and taking a 40 mile drive to AZ once per month isn't killing me...besides, It comes out of my entertainment budget... How much do you blow on things you enjoy that might seem like a waste to ME or others?

Do you drive an SUV or truck? Do you GOFF? Do you eat out a lot? Do you travel? Do you buy Starbucks drinks? Do you have cable/TV?

Those things could seem wasteful to some, including me! I could judge you and say that whatever you spend on that stuff would be better used in some investment...


But in doing so I'd be sounding like a big judgmental D-bag wouldn't I?

LOL, FWIW driving to AZ and back in my little car HARDLY needs a fill-up! ...and not having a TV or cable saves me $100+ each month so if I want to take a nice drive and spend a few bucks on lottery that's MY business....besides, I still have $60+ dollars left over to invest!.... :P
 
Old 11-28-2012, 02:20 PM
 
13,612 posts, read 10,247,857 times
Reputation: 17644
The odds of winning are so poor, but it's still fun to fantasize about what you would do with the money. I would move to Jamaica and open a clinic for children after paying off all of my relative's and friend's houses and cars.

I wish we had a lotto in Nevada, the cost of entry is pretty cheap compared to baccarat or keno (worst odds, EVER) and even though I am a staunch non-gambler, I might buy a lotto ticket from time to time if they were easy to come by. I'm not driving to AZ or CA for one. The casinos are absolutely against the idea, but I think they are a bit misguided on this issue.

They aren't getting any revenue from me now, so a lotto booth might actually bring them some revenue from people like me and certainly wouldn't cost them anything.
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