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Lottery - tax on stupidity
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Date: October 19th, 2005 12:40 PM Author: electric grizzly trump supporter area And the money keeps rolling in.... (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4084351) |
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Date: October 19th, 2005 12:41 PM Author: olive sound barrier ticket booth thats what my dad always says.
however, for $1, i will buy a dream.... |
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Date: October 20th, 2005 1:08 PM Author: talented jewess foreskin I love the lottery. For $1 I can daydream about all the shit I would buy (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4092200) |
Date: October 20th, 2005 12:33 PM Author: electric grizzly trump supporter area It's worse. From CNN:
"Mary Neubauer, spokeswoman for the Iowa Lottery, said hundreds of ticket buyers had played a set of numbers from the ABC drama "Lost," which featured a character who won $156 million by playing a string of digits obtained from a patient in a mental institution: 4, 8, 15, 16, 23 and 42."
Jesus, why wpuld you pick a popular number like that? Even if you win, you have to share it with hundreds of other retards. |
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Date: October 20th, 2005 12:36 PM Author: Azure Genital Piercing People are stupid.
Solution: mass execution. |
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Date: October 20th, 2005 12:42 PM Author: electric grizzly trump supporter area What I find even more ironic is that lottery money supposedly goes to education in many states. It's almost as bizzare as the tobacco companies funding anti-tobacco ads. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4092107) |
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Date: October 20th, 2005 12:56 PM Author: sick titillating office roommate All taxes should be voluntary, like the lottery. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4092166) |
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Date: October 20th, 2005 12:57 PM Author: electric grizzly trump supporter area I agree. I'm not arguing that we should end the lottery, just that people who play are stupid. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4092168) |
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Date: October 20th, 2005 1:01 PM Author: sick titillating office roommate I think there are two groups of people who play. Those who expect to win are definitely stupid. Those who are "buying a dream" with no expectation of winning aren't stupid, though perhaps a bit pathetic. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4092176) |
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Date: October 20th, 2005 5:11 PM Author: dashing dun theater stage Can't find the article but there was a Pennsylvania family that spent over $150,000 over the years and never won the lottery. So what did they do? Sued the state of course. These are the type of people that need to be sterilized.
Funny article, even when you lose you're still a loser. http://moneycentral.msn.com/content/Savinganddebt/Savemoney/P99649.asp |
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Date: October 20th, 2005 6:53 PM Author: magical free-loading round eye rigor Hahahaha, fucking idiots.
The lottery is a terrible waste of resources. The winners tend to be from the dregs of society. |
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Date: October 20th, 2005 5:23 PM Author: maniacal nowag Holy cow, Sen. Gregg played the lottery. And won.
http://cbs4boston.com/topstories/local_story_293151501.html |
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Date: October 20th, 2005 5:25 PM Author: Mildly autistic hominid corn cake i wish Bill Gates would play and win hundreds of millions, that would be so hilarious. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094168) |
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Date: October 20th, 2005 5:25 PM Author: Mildly autistic hominid corn cake the most recent Powerball...it was actually rational to participate, if the info they gave is true. 1/146 million chance of winning, 340 million jackpot, tickets cost a dollar a piece. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094163) |
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Date: October 20th, 2005 5:27 PM Author: lilac gas station sweet tailpipe how many people participated? (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094176) |
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Date: October 20th, 2005 5:31 PM Author: Insane snowy new version shrine i matched 2 numbers :( (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094219) |
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Date: October 20th, 2005 5:32 PM Author: Mildly autistic hominid corn cake no idea, but since the chances are better than 1/340 million, participation is rational. but i didnt. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094237) |
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Date: October 20th, 2005 5:40 PM Author: vivacious insanely creepy principal's office reading party We already had this thread. Search for "invest." (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094314) |
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Date: October 20th, 2005 6:52 PM Author: vivacious insanely creepy principal's office reading party http://www.xoxohth.com/thread.php?thread_id=281728&mc=25&forum_id=2 (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094818) |
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Date: October 20th, 2005 7:38 PM Author: Mildly autistic hominid corn cake oh good point about the slow payout. still, probably just barely economic, if odds are 1/126 million and payout is 130 present value (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095131) |
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Date: October 20th, 2005 7:38 PM Author: razzle trailer park psychic not after taxes. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095135) |
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Date: October 20th, 2005 7:41 PM Author: vivacious insanely creepy principal's office reading party Yeah, that kills it. And I think I saw a site that said the lump sum payout will be around $110 million. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095152) |
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Date: October 20th, 2005 7:43 PM Author: razzle trailer park psychic I wonder if you can deduct money spent on losing lottery tickets the way you can other kinds of gambling losses. If so, the "buying every number" plan might be rational, depending on how many other people are playing. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095171) |
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Date: October 20th, 2005 7:44 PM Author: Mildly autistic hominid corn cake is that possible though? tickets are sold through tiny gas stations and stuff all over the country.. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095180) |
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Date: October 20th, 2005 7:45 PM Author: razzle trailer park psychic In practice, probably not. The logistics would be a deal-breaker.
It might be possible some day when they let you play the lottery on-line. |
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Date: October 20th, 2005 7:48 PM Author: Mildly autistic hominid corn cake maybe. it would be funny if hedge funds began snapping up lottery tickets. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095227) |
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Date: October 20th, 2005 7:42 PM Author: Mildly autistic hominid corn cake oh yeah damn. well, have an offshore corporation by the one dollar ticket, lol. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095164) |
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Date: October 20th, 2005 7:46 PM Author: razzle trailer park psychic I'm pretty sure Uncle Sam takes its cut before your Cayman Islands corp sees a dime. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095206) |
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Date: October 20th, 2005 7:49 PM Author: Mildly autistic hominid corn cake i think panamanian corporations actually do not get taxed in the US at all. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095229) |
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Date: October 20th, 2005 7:50 PM Author: razzle trailer park psychic I guarantee you the Lottery Commission is not going to cut a check that doesn't have state and federal taxes withheld. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095246) |
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Date: October 20th, 2005 8:30 PM Author: Mildly autistic hominid corn cake yeah true (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095521) |
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Date: October 20th, 2005 7:37 PM Author: razzle trailer park psychic Not necessarily, because you have to split the money if more than one person wins. Plus, the present cash value of the prize is, I think, less than $146 million, so it'd be a bad investment even if you didn't have to share. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095120) |
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Date: October 20th, 2005 5:33 PM Author: confused blathering newt This is almost like saying gambling in general is stupid. People who play the lottery generally know they aren't going to win, but the thrill of taking a chance is worth $1. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094252) |
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Date: October 20th, 2005 6:49 PM Author: razzle trailer park psychic Exactly. It's entertainment.
If playing the lottery is stupid, then going to the movies or a ball game is batshit fucking retarded...it costs 10x as much and has 0% expected return. |
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Date: October 20th, 2005 7:30 PM Author: Big set utility is a diff't concept from expected return. people actually play the lotto to win (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095066) |
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Date: October 20th, 2005 7:34 PM Author: razzle trailer park psychic that's true in the sense that nobody would play if there was 0% chance of winning, but very few people who play think it's really a good investment based only on expected return. the pleasure they get out of fantasizing about the money is where the real utility is. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095104) |
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Date: October 20th, 2005 8:25 PM Author: electric grizzly trump supporter area This is true, and I have no objection to anyone playing. It's a choice anyone should be free to make and, like you say, they get utility out of the entertainment value.
The fact that the government makes money out of it makes it a tax, though, and the fact that lots of people think it's a good investment of time and money makes them stupid. |
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Date: October 20th, 2005 6:51 PM Author: exhilarant topaz whorehouse degenerate A US Senator won the powerball today (not the big payout, but like 800k). You may draw your own conclusions about the future of this country and its government. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094813) |
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Date: October 20th, 2005 6:53 PM Author: vivacious insanely creepy principal's office reading party He said he's putting it in some non-profit. I sure as hell wouldn't do that. I'd spend it all on myself. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094829) |
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Date: October 20th, 2005 6:54 PM Author: exhilarant topaz whorehouse degenerate I'd hire strippers for my next inauguration. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4094835) |
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Date: October 20th, 2005 7:39 PM Author: Mildly autistic hominid corn cake Bush should try this to buy votes in congress. send the guys strippers/hookers. "yes, you Amber will give you head, but not unless you vote for increased defense spending, Senator Kennedy." (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095142) |
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Date: October 20th, 2005 7:42 PM Author: exhilarant topaz whorehouse degenerate Iiiiiii aahhhhhm naaaaaht ahhhhmused Mistahhhh President
*drives car off bridge and into river while getting head from hooker* |
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Date: October 20th, 2005 7:45 PM Author: Mildly autistic hominid corn cake *runs away and never calls cops, expecting powerful father will make everything okay* (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095192) |
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Date: October 20th, 2005 7:38 PM Author: Cream Church Building Aren't all taxes? (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095137) |
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Date: October 20th, 2005 8:26 PM Author: electric grizzly trump supporter area Well, I can assume that the decision to pay them is based on a rational assesment of the penalties for not paying, even if you are a libertarian anarchist who disagrees with them in principal. It's hardly related to stupidity. (http://www.autoadmit.com/thread.php?thread_id=281754&forum_id=2#4095486) |