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Lottery - tax on stupidity
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Date: October 19th, 2005 12:40 PM Author: violet chapel round eye 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: crystalline headpube heaven 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: Hateful Gas Station Filthpig 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: violet chapel round eye 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: galvanic step-uncle's house selfie People are stupid.
Solution: mass execution. |
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Date: October 20th, 2005 12:42 PM Author: violet chapel round eye 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: primrose ratface 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: violet chapel round eye 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: primrose ratface 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: Spectacular mildly autistic church 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: rose free-loading bawdyhouse psychic 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: odious crackhouse 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: Judgmental hospital sandwich 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: Judgmental hospital sandwich 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: multi-colored garrison travel guidebook 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: rough-skinned newt factory reset button 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: Judgmental hospital sandwich 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: diverse church building 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: diverse church building 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: Judgmental hospital sandwich 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: Purple Mind-boggling Boiling Water 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: diverse church building 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: Purple Mind-boggling Boiling Water 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: Judgmental hospital sandwich 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: Purple Mind-boggling Boiling Water 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: Judgmental hospital sandwich 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: Judgmental hospital sandwich 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: Purple Mind-boggling Boiling Water 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: Judgmental hospital sandwich 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: Purple Mind-boggling Boiling Water 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: Judgmental hospital sandwich 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: Purple Mind-boggling Boiling Water 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: erotic pearl property 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: Purple Mind-boggling Boiling Water 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: smoky laughsome sanctuary 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: Purple Mind-boggling Boiling Water 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: violet chapel round eye 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: Godawful swashbuckling corn cake 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: diverse church building 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: Godawful swashbuckling corn cake 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: Judgmental hospital sandwich 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: Godawful swashbuckling corn cake 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: Judgmental hospital sandwich *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: lascivious quadroon 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: violet chapel round eye 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) |