What would you do with $640 million?!?!

[Spenner]

Re: What would you do with $640 million?!?!

What wouldn't I do with $640 million?

Give it all away?

I wonder if you could use that $640 million to buy millions of other lottery tickets and win millions in multiple lotteries.

[who_cares973]

Re: What would you do with $640 million?!?!

do tons of drugs

[Xx{Midnight}xX]

Re: What would you do with $640 million?!?!

We can pay some random person 25 million+ for winning a complete game of chance,

but we can't pay off federal debt.

What do.

[Reincarnate]

Re: What would you do with $640 million?!?!

We can pay some random person 25 million+ for winning a complete game of chance,

but we can't pay off federal debt.

What do.

Well you could tell everyone to stop buying shit that gives them utility (such as lottery tickets) to instead pay down our debt.

[PlayTrumpet]

Re: What would you do with $640 million?!?!

I'd buy everything I've ever wanted, then probably become some sort of venture capitalist..

[devonin]

Re: What would you do with $640 million?!?!

It's funny because winning the lottery is basically stealing money from ignorant poor people.

[Izzy]

Re: What would you do with $640 million?!?!

How so? Doesn't the money come from all the losers of the lottery?

[Xiz]

Re: What would you do with $640 million?!?!

I would buy 1 gum-ball for 25 cents.
I don't know what I would do with the rest :X

[UserNameGoesHere]

Re: What would you do with $640 million?!?!

You could spend the rest on a bubble wrap fort. $639,999,999.75 bubble wrap fort.

[~kitty~]

Re: What would you do with $640 million?!?!

It's funny because winning the lottery is basically stealing money from ignorant poor people.

At least it gets taxed.

[Cavernio]

Re: What would you do with $640 million?!?!

No lottery taxes in Canada AFAIK

[Aldentron]

Re: What would you do with $640 million?!?!

How so? Doesn't the money come from all the losers of the lottery?

statistics show that the lower class buys the most lottery tickets. the money comes from all the losers of the lottery, who are already poor. hope that helps.

[flipsta_lombax]

Re: What would you do with $640 million?!?!

Give it all away?

I wonder if you could use that $640 million to buy millions of other lottery tickets and win millions in multiple lotteries.

There are 175,711,536 combinations in the lottery. Though it sounds amazing when you win definitely, most likely there won't be a profit if you buy every one. In fact, there will almost always be a net loss regarding taxes, money allocated back into the prize fund, etc.

Someone do the math.

[UserNameGoesHere]

Re: What would you do with $640 million?!?!

Buying ludicrous amounts of lottery tickets is a sure-fire way to ensure you lose great gobs of cash. Even if you win on some of them (which you probably will, in small amounts) it likely won't make up for your losses on all of them.

Provided the lottery is run fairly, and this is an important point, (meaning everyone really does have equal odds, there aren't unforeseen biases in the system, there isn't internal fraud, before the numbers are picked any number really is as good as any other, etc...) I don't see how it is stealing from anybody who willingly participates.

They paid for a chance to win. They didn't pay for a guaranteed win. They got their chance (the thing they paid for) and it happened to go sour but they got what they paid for.

Now, when there are people cheating the system, internal corruption, etc... then it really is people stealing because then it's not a fair gamble. If it's found there was cheating, corruption, exploiting the system, etc... then I think everyone should get their money back and the cheaters not only shouldn't win a thing, but should be penalized some amount (a large fine, jailtime, etc...).

[Reincarnate]

Re: What would you do with $640 million?!?!

http://www.dailyfinance.com/2010/05/31/poor-people-spend-9-of-income-on-lottery-tickets-heres-why/

That figure makes me sick and I hope it's wrong even though it probably isn't.

This is one reason why I never buy lottery tickets. I honestly look at the entire system as a fairly exploitative thing. Poor/undereducated people are basically wasting their money because the act of doing something "because hey you never know" is enough to justify the ticket even though you are better off putting that dollar in a super-shitty bank and earning shitty interest.