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$2 Daydreams

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Re: $2 Daydreams

Unread postby Newfie » Tue 12 Jan 2016, 10:17:08

1.3 Billion yesterday. Pretty soon the gonna get to some serious money.

I'd buy my Wife a new sewing machine so I don't have to fix this klunker again!
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Re: $2 Daydreams

Unread postby Cog » Tue 12 Jan 2016, 13:28:02

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Re: $2 Daydreams

Unread postby Rod_Cloutier » Tue 12 Jan 2016, 19:38:35

$this->bbcode_second_pass_quote('', '1').3 Billion yesterday. Pretty soon the gonna get to some serious money


It's all anyone is talking about at work, and I live in Canada where you can't buy tickets. People are talking about the legality of driving to the US to buy tickets, and whether or not it would be legal for a Canadian to win the prize.
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Re: $2 Daydreams

Unread postby Shaved Monkey » Tue 12 Jan 2016, 19:43:41

An article in Uncle Ruperts nasty little rag about how quick money ruins lives
Im guessing the moral he is trying to tell us is only rich people truly know how to have money.

http://www.news.com.au/finance/money/we ... 0924493884

and on the same page we have the revelation that Australians can now enter the US lottery
http://www.news.com.au/finance/money/we ... fcc80dc303

The choices win and lose or dont win and win...lol
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Re: $2 Daydreams

Unread postby Cog » Tue 12 Jan 2016, 20:18:27

Rich people do have an advantage that the poor and middle class do not have. The rich have entire teams of tax accountants, attorneys, financial advisors, and all the other folks who protect and enhance their wealth. To dump a billion dollars on an average person, without that support staff in place, is a guaranteed disaster unless that person is very disciplined and can put together the staff he needs to manage this fortune.

All thing being equal, I would prefer that I win a million dollars instead of a billion. A lot easier for me to manage personally. Course I wouldn't turn the billion down. :wink:
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Re: $2 Daydreams

Unread postby careinke » Tue 12 Jan 2016, 21:21:27

$this->bbcode_second_pass_quote('Rod_Cloutier', '')$this->bbcode_second_pass_quote('', '1').3 Billion yesterday. Pretty soon the gonna get to some serious money


It's all anyone is talking about at work, and I live in Canada where you can't buy tickets. People are talking about the legality of driving to the US to buy tickets, and whether or not it would be legal for a Canadian to win the prize.


Yes you can, but you get taxed, (You didn't expect less?), at 30%. Also, technically you can buy the ticket and take it to Canada, but NOT take it back into the US. Anyway, the boarder towns are making very nice sales, thanks to our Canadian friends.
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Re: $2 Daydreams

Unread postby vtsnowedin » Tue 12 Jan 2016, 22:18:59

$this->bbcode_second_pass_quote('Cog', 'R')ich people do have an advantage that the poor and middle class do not have. The rich have entire teams of tax accountants, attorneys, financial advisors, and all the other folks who protect and enhance their wealth. To dump a billion dollars on an average person, without that support staff in place, is a guaranteed disaster unless that person is very disciplined and can put together the staff he needs to manage this fortune.

All thing being equal, I would prefer that I win a million dollars instead of a billion. A lot easier for me to manage personally. Course I wouldn't turn the billion down. :wink:
You have some very valid points there but I am sure whoever wins this will have visitors from Wall street within hours that make very well prepared presentations about how to best manage his money. ( for usual and customary fees of course) and he will have only to pick which firm to go with. I can't imagine that any of them would stoop to having a presenter that doubles for a Victoria's secret model in a needs a man mood. :roll:
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Re: $2 Daydreams

Unread postby Subjectivist » Wed 13 Jan 2016, 11:03:50

$this->bbcode_second_pass_quote('careinke', '')$this->bbcode_second_pass_quote('Rod_Cloutier', '')$this->bbcode_second_pass_quote('', '1').3 Billion yesterday. Pretty soon the gonna get to some serious money


It's all anyone is talking about at work, and I live in Canada where you can't buy tickets. People are talking about the legality of driving to the US to buy tickets, and whether or not it would be legal for a Canadian to win the prize.


Yes you can, but you get taxed, (You didn't expect less?), at 30%. Also, technically you can buy the ticket and take it to Canada, but NOT take it back into the US. Anyway, the boarder towns are making very nice sales, thanks to our Canadian friends.


You can only cash a winning jackpot ticket in the state capital of the state where you purchased the ticket. Small prizes are cash able at any retailer in state of purchase.
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Re: $2 Daydreams

Unread postby MD » Wed 13 Jan 2016, 11:40:11

I played it, more than ever before. If I win I will still be tempted to burn the ticket, or maybe donate it to a charity.

But which charity? Money isn't the root of all evil. It's the LOVE of money that's the root of all evil.

Who is safe? Anyone? Anyone? (cue up scene from Ferris Beuller).
Stop filling dumpsters, as much as you possibly can, and everything will get better.

Just think it through.
It's not hard to do.
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Re: $2 Daydreams

Unread postby Pops » Thu 14 Jan 2016, 09:31:23

Dang I didn't win! lol
Good thing, I was exhausted just thinking about it!
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Re: $2 Daydreams

Unread postby onlooker » Wed 17 Feb 2016, 09:18:29

$this->bbcode_second_pass_quote('Tanada', '')$this->bbcode_second_pass_quote('MD', '
')Goons for yourself, your kids, your parents, Your grandkids, and everyone else you care about. No thanks. Burn the ticket! Better yet, don't buy one in the first place.


There are alternatives. For example you could build your sustainable permaculture community and every Goon would have their own family living there giving them the emotional investment in making it work. Or if you want to avoid the goon squad for your own life start a charity of your own or donate it to the charity of your choice, like Saint Jude's Children's Research Hospital.
If I won like one hundred million or so, I would one third to charity, one third to my biological family and one third for myself and wife. I think that is an equitable balance of selfishness with unselfishness. :lol: :razz:

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Re: $2 Daydreams

Unread postby Outcast_Searcher » Thu 18 Feb 2016, 16:47:34

$this->bbcode_second_pass_quote('Cog', 'R')ich people do have an advantage that the poor and middle class do not have. The rich have entire teams of tax accountants, attorneys, financial advisors, and all the other folks who protect and enhance their wealth.

Are you talking billionaires? You do realize there aren't all that many extremely wealthy people in percentage terms, right?

http://dqydj.net/net-worth-in-the-unite ... -centiles/

These numbers are for 2013 and appear to be in the ballpark.

So in 2013, the top 0.1% had a net worth of roughly $30.6 million or above.

Also in 2013, the top 5% had a net worth of nearly $1.9 million or above.

....

So, I'd be curious as to how you define "rich" when making such assertions.

I know some people I'd call wealthy. (Very likely in that top 5% range). Virtually all of them have an (one) accountant to help them out with their income taxes, as they can get to be a nightmare if you have meaningfully active stock trading, for example. But not financial advisors, estate planners, etc.


Based on the Forbes 400 data I saw for 2014, there are probably somewhere between 500 and 700 billionaires in the US. Those people might well have the horde of financial helpers you describe, but they're as rare as hen's teeth.

http://www.forbes.com/forbes-400/list/# ... ader:worth

Ordinary folks who managed to become millionaires by merely working hard their entire scholastic and career life -- the vast majority, not even CLOSE to what you describe.

Even at the $30+ million figure, where there would be one in a thousand, they might have ONE estate lawyer, ONE accountant, etc. Perhaps a financial advisor, though (shock) most self-made rich people didn't do it accidentally and know how to invest their money.

Your demonizing of "the rich" makes you sound like a far lefty. Kind of out of character for you, isn't it? It's great sport though, I suppose.

DAMN all those nasty self made millionaires for earning a good living, investing their money, and paying a buttload of income taxes! :roll:

(I'm not talking about the handful of billionare hedge fund managers who manage to twist the laws to their advantage, via their friends on Capitol Hill. I'm talking about ordinary professionals or business owners who did it on their own. Many are frugal enough that you can't tell they are millionaires by looking at them, the car they drive, their house, etc). My source for this is "The Millionaire Next Door", which is a very interesting book.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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