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I remember when it first came out here. Everyone sort of went a little nuts on it for a while, having fun with it. Seems like there were a lot more payouts then to lure you in. But I remember my brother's friend buying $100 worth of tickets or scratch-offs and not even winning $1 back. I think he was done with it after that. lol
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"It's WARY, or LEERY (weary means tired)"
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Location: A Yankee in northeast TN
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Quote:
Originally Posted by SeaOfGrass
I remember when it first came out here. Everyone sort of went a little nuts on it for a while, having fun with it. Seems like there were a lot more payouts then to lure you in. But I remember my brother's friend buying $100 worth of tickets or scratch-offs and not even winning $1 back. I think he was done with it after that. lol
Really? That's not fun.
I've never won more than $10 at once but I generally break even since I rarely buy more than a couple of the one or two dollar scratch offs. Besides the money helps pay for the state scholarship program, so I figure I'm giving a student a hand.
1 out of 10 will correctly call them "Corny Dogs".
A perfect food.
- Only takes one hand to eat (leaving the other hand free).
- One corny dog makes a great snack. Three makes a great meal.
- Sonic is selling them for 50 cents today. (I'm going to buy $5.00 worth)
- Takes care of the hot dog food group....the mustard food group...
- AND the cornmeal food group !!
- Good karma that corny dogs generate often will contribute to a person finding one's soul mate or winning a multi-million dollar Lotto while munching on one.
Government lotteries are definitely "redistributive upward". The demographic data on lottery customers look quite regressive. It's not the top 1% that drives lottery ticket sales.
To have this discussion about an activity that is 100% voluntary is silly (and it's still not regressive).
Mind you, I don't bother buying lottery tickets. I'm just fascinated by the thinking process that holds that $150 million or $100 million just isn't worth the effort - but that $200 million or more is.
See, I've thought about wealth. I can't see wanting a home worth even $1 million - there's only so many bedrooms and bathrooms a person can use. I might like two or three homes, say, one in my home town and a lake home up north and perhaps a winter condo somewhere where it doesn't snow. But I highly doubt I'd ever spend more than $2 million on the trio. And vehicles? I'm strictly utilitarian. Well... that's not true - I could go for a beautiful 1969 Mustang fastback with something nice under the hood and some modern aftermarkets. But that could be had for less than six figures. What else is there? I don't want a private jet - the money to travel anywhere first class is more than enough. Servants? No, thanks. So I really can't see wanting an income of more than half a million per year (and I doubt I'd spend anywhere close to even that). I don't want to buy a sports time or finance movies or collect incredibly rare coins.
So, being 48 years old, maybe $3 million to just blow on homes and some vehicles, and $15 million as income-generator, plus another $2 million to squirrel away as cash and bonds and gold 'just in case'. That's $20 million total, and I'm doubtful that I'd even spend that. Hell, if I inherited $200 million, I'd give most of it away. That's what I'd probably do with my life - establish a foundation and dole it out to various causes that strike my fancy.
If I was a lottery player, I just can't see turning up my nose at 'a mere' $100 million!
Keep in mind, you get about 1/4 of it. Thus, your $100 million would barely fund your list of what you would want to do, especially since you are likely to choose more costly avenues like a house somewhere warm meaning California - where $1 million does not get you all that much.
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