Article

2004-12-05 -Short Attention Span Theater-

Surprise!~ Winner of $149M Lottery Faces Divorce 1Month Later

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Posted by Frank G 2004-12-05 10:55|| || Front Page|| [4 views since 2007-05-07] Top

#1 President Bush may be making a mistake with suggesting a national sales consumption tax. Not because it is a regressive tax, but because it is an involuntary tax. Instead, if he proposed a national lottery, say, with a ONE BILLION DOLLAR top prize, suckers would Darwinistically lay down endless amounts of money, regressively. The government would make far more money, and pay out very little. First of all, the $1B would be halved by those who don't want a 30-year annuity, as with most big lotteries. Then the $500M would be halved again, through federal, State and local taxes. So the great national prize would be worth all of $250M. And with odds that are ridiculous, the government would rake in four or five billion profit every week. It wouldn't cause inflation, and would be entirely voluntary.

Posted by Anonymoose 2004-12-05 12:18:46 PM|| 2004-12-05 12:18:46 PM|| Front Page Top

#2 A divorce - wow, who'da thunk it? Sounds like all will end well, though few would like what I think of wifey.

Posted by .com 2004-12-05 12:42:10 PM|| 2004-12-05 12:42:10 PM|| Front Page Top

#3 agreed .com
then again maybe he was a beater *shrug* , who knows ..

Posted by MacNails 2004-12-05 12:47:31 PM|| 2004-12-05 12:47:31 PM|| Front Page Top

#4 MacN - Good point. :-)

Posted by .com 2004-12-05 1:00:45 PM|| 2004-12-05 1:00:45 PM|| Front Page Top

#5 Lotteries - a tax on ignorance.

Posted by phil_b 2004-12-05 1:10:26 PM|| 2004-12-05 1:10:26 PM|| Front Page Top

#6 Lol! Lotteries: I used to call them the Math Special Olympics...

Posted by .com 2004-12-05 1:13:26 PM|| 2004-12-05 1:13:26 PM|| Front Page Top

#7 Lotteries are manipulated but not in the way most people realize. I can say no more.

Posted by Phitle Craviter4997 2004-12-05 2:00:21 PM|| 2004-12-05 2:00:21 PM|| Front Page Top

#8 You are right! For every dumb female there is a male ditto! Stay SMART AND SINGLE.

Andrea

Posted by Andrea 2004-12-05 2:04:46 PM|| 2004-12-05 2:04:46 PM|| Front Page Top

#9 The National Lottery - aka the Idiot Tax.

Posted by Donald 2004-12-05 2:36:25 PM|| 2004-12-05 2:36:25 PM|| Front Page Top

#10 I will ask Congress to enact, as rapidly as possible, the NIT bill (National Idiot Tax).

Posted by Alaska Paul 2004-12-05 4:43:23 PM|| 2004-12-05 4:43:23 PM|| Front Page Top

#11 OTOH, this guy was a parking lot attendent and ran up $40,000 of debt. If I were his wife I would have been desperate and very very angry about that. Now that he's solvent, getting out makes sense 'cause it's not likely he's got better sense now than he did a few months ago .....

Posted by rkb 2004-12-05 9:13:20 PM|| 2004-12-05 9:13:20 PM|| Front Page Top

23:57 2b
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