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View Diary: Cheers and Jeers: Monday (142 comments)

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  •  Winning a lottery may not be the best thing (3+ / 0-)
    Recommended by:
    blue aardvark, JBL55, NonnyO

    I've heard that about 80% of big-jackpot winners end up in bankruptcy because they don't know anything about wealth-management and mistake their winning take for infinite dollars.

    So despite my fantasies about buying one ticket and being "rich for the rest of my life" I am inclined to think of the whole lottery thing as being a game for suckers.

    •  Wife and I buy *1* ticket when lotteries get big (1+ / 0-)
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      We're buying the fantasy, not expecting to win. It's a mild pleasure for a measly dollar (or $2 for Powerball).

      If we did win we'd pay off all our debts and then start giving money away.

      I'm on a mission! Testing the new site rules.

      by blue aardvark on Mon Dec 16, 2013 at 09:22:48 AM PST

      [ Parent ]

      •  If I win, (3+ / 0-)

        I'm keeping 1%, which will place me in the 1% for one year, and that's enough to last me forever and then some. The rest is going to friends, family and mostly to start and help fund B corps, support progressive candidates (if I can find any), help charities and food banks, fight global warming, and challenge grant my a-hole governor to accept ACA by providing a couple hundred million in lottery winnings to cover state Medicaid expenses for a few years. Imagine the people you could make happy with all that! Hell, even a billionaire doesn't need a half a billion dollars, so I urge any Kossack who wins to adopt my dream program. One of us could be the anti-Koch brother!

        Mine, yours, mine, yours, mine... What a country! And not a penny for "ours."

        by Mike732 on Mon Dec 16, 2013 at 11:11:07 AM PST

        [ Parent ]

    •  Well, I'd probably end up poor again. (1+ / 0-)
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      Though probably not in bankruptcy.  I've lost the taste for a lot of material possessions, so as noted, the vast bulk would get handed out as gifts and charity.  Even whatever portion I'd keep back as a sort of insurance policy probably mostly wouldn't get spent, just left behind as another charitable gift upon my death.

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