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Thread: The lottery doesn’t corrupt everyone

  1. #1
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    The lottery doesn’t corrupt everyone

    I just read another dumpster fire story about a lottery winner.

    When we built our house, the ONLY sub that was a no-show was the guy putting up the gutters. Our contractor was puzzled until he heard the excuse. Gutter guy was at the lottery office collecting $10M. He was up on a ladder the next day and apologized for the delay.

  2. #2
    Talk is cheap but the vast majority of what "seem to be" reasonably sane people, who win the lottery for what gaggingly seems to be a small sum of money (perhaps sub 10 mil means your going to pocket 4 by the time your done) say that they are planning on going back to work in the morning. I think many people in business and the trades would relish the opportunity to be able to, without conscience, worry, and so on, fulfill their business obligations and sleep a night without worry or conscience.

    Im sure there are plenty of dirtbags who would just take the money and run but most people in business are in it for higher reasons. Pride, moral conscience, doing the right thing, etc.. While Im not saying I would work at the level I work now if I hit the lottery my very next day would consist of doing exactly what I did today until my obligations were met to my satisfaction.

  3. #3
    If I won, first before taking winnings, set up a trust to take winnings, with 90% going to charities. Next in line would be wife and I and then our heirs, especially our #3 & 4 grandsons. This way double taxation could be avoided. Too many winners don't consult with tax attorney before taking winnings. Because the trust is the recipient, then payment could be for full amount over the lie of the annuity.

  4. #4
    For what it’s worth lottery winnings are not taxed here in Canada. Win twenty million and it’s all yours. Well your wife’s but you get to say it’s yours.

  5. #5
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    Here in Nevada we don't care much for lotteries. It discourages most of the rubes and goldbrickers from visiting here to pay our taxes for us. We were formally a low tax state and though constitutionally protected from the income tax, everything else by way of government funding effort seems to be stratosphere bound. And yet we survive. I suppose. Drop by on your way through and make a contribution. When you get a chance.

  6. #6
    Quote Originally Posted by Dan Hall View Post
    Here in Nevada we don't care much for lotteries. It discourages most of the rubes and goldbrickers from visiting here to pay our taxes for us. We were formally a low tax state and though constitutionally protected from the income tax, everything else by way of government funding effort seems to be stratosphere bound. And yet we survive. I suppose. Drop by on your way through and make a contribution. When you get a chance.

    That's does it, I am going to stuff a few Hotel towels in my suitcase next time I'm there!

  7. #7
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    Years ago I ran a retail garden center. I had a guy that helped out on the weekends that won the lottery. It was funny when he would load bags of mulch into cars for customers. Some customers would tip him big and say something like "Sorry you have to work a job like this, I wish you luck finding something better. LOL!!!
    "Remember back in the day, when things were made by hand, and people took pride in their work?"
    - Rick Dale

  8. #8
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    I would hope that I have the integrity to keep working for a while, at least until a suitable replacement were found. I'm not so arrogant as to think that I can't be replaced, either. As for spending the money, well, I've always wanted to build a house doing most of the work myself, so I'd probably get going on that once I found a nice property. After that, I'd go back to work as a retiree--that is, I'd volunteer nearly full time, probably with someplace like Habitat, and there are a few mission organizations I'd want to help financially.
    Jason

    "Don't get stuck on stupid." --Lt. Gen. Russel Honore


  9. #9
    I don't play the lottery, so not much chance of winning. Just think, you have to give your identity, so every person who makes a living collecting for organizations, charitable or whatever, is going to be all over you. If I happened to win, would immediately have to hire a fence company to build a tall fence around my property and hire security. Throw away my phone and get a new number. Think the real winners of the lottery are the state governments who make untold amounts selling the tickets, then then again when someone wins, they swoop in and take the majority of the money in the form of income tax, and then of course the federal government which of course takes the most. I would have to move to escape from the moochers after all that, and probably change my name.

  10. #10
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    If I won the lottery I'd still be retired.
    Thoughts entering one's mind need not exit one's mouth!
    As I age my memory fades .... and that's a load off my mind!

    "We Live In The Land Of The Free, Only Because Of The Brave"
    “The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living."
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    Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." Winston Churchill

  11. #11
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    Quote Originally Posted by Jim Andrew View Post
    ...Just think, you have to give your identity, so every person who makes a living collecting for organizations, charitable or whatever, is going to be all over you.
    Not the case in every state. Ohio and South Carolina allow the winners to stay anonymous.
    Brian

    "Any intelligent fool can make things bigger or more complicated...it takes a touch of genius and a lot of courage to move in the opposite direction." - E.F. Schumacher

  12. #12
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    I've never bought a ticket, so what do I know; but it seems to me that if you aren't going to quite your job, why would you play the lottery? Why else take such terrible odds?

  13. #13
    It corrupted me!!.... I just won $22 and a free ticket.... disconnected my phone and disowned all my relatives!!!

  14. #14
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    I would hope that I have the integrity to keep working for a while, at least until a suitable replacement were found.
    Retirement for the last 10 years has been wonderful. Recently there has been an urge to get a job. We don't really need more money. More money always seems to get spent anyway. So far my 401k equivalent has been pretty much untouched except for putting on a couple of new roofs.

    A job would be a way to get out of the house a few times a week. Then my thoughts turn to getting up early and driving into work no matter what the weather. That is when my thoughts turn to maybe heading into town to go to the gym at the YMCA. No paycheck, but no hassle.

    jtk
    "A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
    - Sir Winston Churchill (1874-1965)

  15. #15
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    Quote Originally Posted by Jim Koepke View Post
    Retirement for the last 10 years has been wonderful. Recently there has been an urge to get a job. We don't really need more money. More money always seems to get spent anyway. So far my 401k equivalent has been pretty much untouched except for putting on a couple of new roofs.

    A job would be a way to get out of the house a few times a week. Then my thoughts turn to getting up early and driving into work no matter what the weather. That is when my thoughts turn to maybe heading into town to go to the gym at the YMCA. No paycheck, but no hassle.

    jtk
    Volunteer...

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