Wednesday, November 28, 2012
Lottery
The odd phenomenon of Powerball lottery ticket sales: The higher the payout, the higher the number of tix sold & people playing, Putting aside the astronomical odds against winning, there's also the puzzling idea that winning $550 million would be a substantially different experience than than winning, say, $250 million.
For all except the very wealthy, one million would be a game-changer
When Jersey instituted a lottery, one of the initial winners was a young woman about 20 years old. She won $20,000. We considered it a great amount of money. She announced she was buying a yellow Ford Mustang convertible. We thought that was fabulous. She'd have money left over. I wonder what happened to her & the car?
For all except the very wealthy, one million would be a game-changer
When Jersey instituted a lottery, one of the initial winners was a young woman about 20 years old. She won $20,000. We considered it a great amount of money. She announced she was buying a yellow Ford Mustang convertible. We thought that was fabulous. She'd have money left over. I wonder what happened to her & the car?
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"If a nation expects to be ignorant and free, in a state of civilization, it expects what never was and never will be." Thomas Jefferson
I am also puzzled by the Powerball hysteria. The night before the Megamillions lottery was won for $49 million, and that was hardly newsworthy. I think $49 million is a substantial hit. I just hope the winners (2 winning tickets sold) are prepared for their lives to change, and not necessarily for the better. I don't think winners should have to go public. There is a bill in NJ to allow winners to remain anonymous, and I do hope that bill passes.
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