General Discussion

True Dough

(26,664 posts)

48. Well, bully for you!

Wed Aug 9, 2023, 12:29 PM

Aug 2023

I'm going to differ with you there philosophically, for sure. Obscene levels of wealth, no matter how it was acquired, is, well, just obscene. The government should go back to taxing the hell out of it after certain thresholds, as existed in the 1970s.

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This makes no sense to me 1.58 Billion lottery [View all] NowsTheTime Aug 2023 OP

That's why I call it the stupid tax Bucky Aug 2023 #1

Not clear what you don't understand brooklynite Aug 2023 #2

I mean you could do more good for more people...that's all I mean.. NowsTheTime Aug 2023 #3

The intent of a lottery is not to "do good" for people with the prizes. brooklynite Aug 2023 #8

I cannot see how you say 75% of the win goes to taxes muriel_volestrangler Aug 2023 #17

The announced prize is paid out as an annuity over 20 years. brooklynite Aug 2023 #28

Not necessarily and it depends on which lottery edisdead Aug 2023 #46

we are discussing the high jackpot lotteries brooklynite Aug 2023 #51

Right. I believe they both have lump sum options. edisdead Aug 2023 #52

In most states, such as Florida Darwins_Retriever Aug 2023 #24

Precisely Effete Snob Aug 2023 #26

Only about half the money that comes in goes out as prize money bottomofthehill Aug 2023 #16

How would you pick the 1,580 winners? Voltaire2 Aug 2023 #38

Obtuseness in defense of wealth dpibel Aug 2023 #40

Yes! Yes! Yes! True Dough Aug 2023 #4

Define wealthy... brooklynite Aug 2023 #9

I won a billion dollar bet once Effete Snob Aug 2023 #11

You seems awfully hung up on semantics True Dough Aug 2023 #22

But people don't want that kind of lottery... brooklynite Aug 2023 #23

Oh yeah..... LakeArenal Aug 2023 #30

I don't know about that. I'd buy more tickets if the chance to win something... brush Aug 2023 #33

"One thing I don't do is moralize about how people shouldn't be allowed to do something that I don't True Dough Aug 2023 #35

"but it doesn't mean they have waaaaay more than they could ever spend in a lifetime." brooklynite Aug 2023 #36

Well, bully for you! True Dough Aug 2023 #48

Other than moralizing about wealth. dpibel Aug 2023 #41

Where have I said anyone shouldn't say what they want? brooklynite Aug 2023 #42

LOL dpibel Aug 2023 #45

I mean you could post some evidence edisdead Aug 2023 #47

They'll only get about half that in cash...and in Florida... Croney Aug 2023 #5

If the winner got 40% they could buy 632 million dollar homes... NowsTheTime Aug 2023 #7

So true. Croney Aug 2023 #13

It usually REALLLY messes up the winners mucifer Aug 2023 #6

This is true Johnny2X2X Aug 2023 #20

You know this how? LakeArenal Aug 2023 #29

I know here in WI you have to go through newdayneeded Aug 2023 #37

I'd rather see more frequesnt wins, smaller jackpots Marthe48 Aug 2023 #10

Almost every State lottery has "smaller jackpots and more frequent wins" brooklynite Aug 2023 #14

I'm not into it that much Marthe48 Aug 2023 #19

very UN-democratic. That's another reason I don't participate in them. lastlib Aug 2023 #12

How are they "undemocratic"? Every one has a chance to play and an equal chance to win. brooklynite Aug 2023 #15

No, only the holders of one (unknown) set of numbers has a chance to win. lastlib Aug 2023 #21

so ya win a billion dollars MOL onethatcares Aug 2023 #18

You need new friends. LakeArenal Aug 2023 #31

yes, I suppose I do onethatcares Aug 2023 #32

more people play when jackpots are highet Recycle_Guru Aug 2023 #25

Last time I played The Lottery I got a black dot. Gore1FL Aug 2023 #27

+1 for the Shirley Jackson reference TheProle Aug 2023 #49

The thieves of your money are the very own lottery and the government. GreenWave Aug 2023 #34

So you object to people paying progressive income taxes? brooklynite Aug 2023 #43

Actually inthewind21 Aug 2023 #54

Stock market investing is not (and shouldn't be) "gambling" brooklynite Aug 2023 #55

Anti-government posts here on DU? edisdead Aug 2023 #50

What is this now? MorbidButterflyTat Aug 2023 #53

A lot of people bought tickets BannonsLiver Aug 2023 #39

Bottom line? WarGamer Aug 2023 #44

Makes no sense to me either. edbermac Aug 2023 #56

Message auto-removed Name removed Jan 2024 #57