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Serk
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« Reply #40 on: January 10, 2016, 10:51:14 AM » |
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I just got to thinking, since the odds of winning are statistically zero, if someone uses welfare money to buy lottery tickets, aren't they just giving the government back the money they were given in the first place?
Hmmm... Maybe we should encourage those parasites to buy more lottery tickets!
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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CajunRider
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« Reply #41 on: January 10, 2016, 11:01:12 AM » |
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Not a single number matched on my ticket... But I have to admit that private mountain with a house and throne made of super models mentioned earlier sounds pretty good.  |
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Sent from my Apple IIe
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Moonshot_1
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« Reply #42 on: January 10, 2016, 11:26:08 AM » |
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Well, shoot, looks like I might have to have a go at this too. I mean a Billion dollars would be kinda handy. First thing I'd do should I happen to win is to get one of these things.  It's for sale. The interior is nice. http://www.avbuyer.com/aircraft-for-sale/boeing/bbj/16799 Then I'd fly around to look for one of these http://www.privateislandsonline.com/islands/pakatoa-islandThen I'd invite everyone who was nice to me BEFORE I became rich and famous to my monthly barbeque. All expenses paid of course. Then I would contemplate how to save the world armed only with a margarita and a fishing pole. |
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Mike Luken
Cherokee, Ia.
Former Iowa Patriot Guard Ride Captain
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RDAbull
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« Reply #43 on: January 10, 2016, 12:21:41 PM » |
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As they say: Might as well play, Somebody is going to win.
They should add the next tag line: It just ain't going to be you.
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2015 GoldWing Trike
1999 Valkyrie Interstate Trike, gone but not forgotten
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Willow
Administrator
Member
Posts: 16770
Excessive comfort breeds weakness. PttP
Olathe, KS
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« Reply #44 on: January 10, 2016, 01:07:30 PM » |
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The latest odds are reported to be one in two hundred ninety-two million. You'd have much better odds playing the shell game against an experienced (and cheating) operator. The reason the lottery works is because the overwhelming majority of Americans simply cannot perceive what one in a million odds means, much less one in two hundred ninety-two million.  As to the Serk's question on welfare, the answer is yes only if the government is operating its own lottery. I think the real winner is whoever is running the lottery for the government. Lack of tax reduction in the states using a lottery would indicate even the government isn't winning in this game. |
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J.Mencalice
Member
Posts: 1850
"When You're Dead, Your Bank Account Goes to Zero"
Livin' Better Side of The Great Divide
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« Reply #45 on: January 10, 2016, 01:35:22 PM » |
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The latest odds are reported to be one in two hundred ninety-two million. You'd have much better odds playing the shell game against an experienced (and cheating) operator. The reason the lottery works is because the overwhelming majority of Americans simply cannot perceive what one in a million odds means, much less one in two hundred ninety-two million. As to the Serk's question on welfare, the answer is yes only if the government is operating its own lottery. I think the real winner is whoever is running the lottery for the government. Lack of tax reduction in the states using a lottery would indicate even the government isn't winning in this game. Understood, I feel the penultimate answer to the question of "Why play?" is in "There has always been winning numbers pulled." That gives hope to: https://www.youtube.com/watch?v=KX5jNnDMfxA  I'll put in my couple of bucks because a portion of it goes to Colorado's state parks and conservation programs. My father-in-law always called it a voluntary tax; I'd rather think of it that way. |
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"The truth is, most of us discover where we are headed when we arrive." Bill Watterson
Prudence, Justice, Fortitude, Temperance...
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GiG
Member
Posts: 2892
"That's just like, your OPINION, Man!"
NEAR the "In 'n' Out Burger"
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« Reply #46 on: January 10, 2016, 02:19:00 PM » |
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Not complicated. Odds of buying a winning powerball ticket: 293000000:1 Odds of winning without buying a ticket: ZEROSomeone does actually win, despite the odds. Cant win if you don't play Yeah, I'll buy 1 or 2 a year at most, when the pot gets big enough to support my lifestyle  |
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« Last Edit: January 10, 2016, 02:29:03 PM by Motor City GiG »
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Everything is - Nothing is .
When you come to a fork in the road - TAKE IT!
(send it to OSS)
This isn’t Rocket Surgery
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Mr Whiskey
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« Reply #47 on: January 10, 2016, 02:27:54 PM » |
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Powerball payouts after taxes by state, 30yr & lump sum.
The Fed rate up front is 25% before you see a dime, then you're taxed at the end of the year as well. This brings jus' the Fed rate to roughly 39.6%, not including your state taxes.
(Keep in mind if you took the 30yr, when you croak, no more payments, it's not transferable.)
https://www.usamega.com/powerball-jackpot.asp
604.5 mil lump here in Tn. (no state tax) on the 1.3 bil.
I'm outta here fellas, gone racing,
at the IOMTT!
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« Last Edit: January 10, 2016, 04:40:32 PM by Mr Whiskey »
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Peace, Whiskey.
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Serk
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« Reply #48 on: January 10, 2016, 02:53:54 PM » |
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The reason the lottery works is because the overwhelming majority of Americans simply cannot perceive what one in a million odds means, much less one in two hundred ninety-two million. I fully understand the astronomical odds, but then again that's probably why I buy one ticket every few years just for grins... (From this article - http://www.thedenverchannel.com/money/ap-news-guide-a-look-at-the-record-poweball-drawing ) Some things that have a higher chance of occurring than winning the Powerball: Struck by lightning, while drowning (1 in 183 million) Killed by an asteroid strike (1 in 700,000) Have an IQ of 190 or greater (1 in 107 million) Attacked by a shark (1 in 11.5 million) Elected President of the United States (1 in 10 million) Getting struck by lightning (1 in 164,968) Being drafted by an NBA team (1 in 6.8 million) Becoming a movie star (1 in 1.5 million) Dating a supermodel (1 in 88,000) Being killed by a vending machine (1 in 112 million) |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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Jess from VA
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« Reply #49 on: January 10, 2016, 03:37:07 PM » |
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Struck by lightning, while drowning
Now that would really suck. Peacefully drowning, then POW.
One would almost have to assume that the divine power was pretty angry with you.
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art
Member
Posts: 2737
Grants Pass,Or
Grants Pass,Or
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« Reply #50 on: January 10, 2016, 03:58:22 PM » |
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The reason the lottery works is because the overwhelming majority of Americans simply cannot perceive what one in a million odds means, much less one in two hundred ninety-two million. I fully understand the astronomical odds, but then again that's probably why I buy one ticket every few years just for grins... (From this article - http://www.thedenverchannel.com/money/ap-news-guide-a-look-at-the-record-poweball-drawing ) Some things that have a higher chance of occurring than winning the Powerball: Struck by lightning, while drowning (1 in 183 million) Killed by an asteroid strike (1 in 700,000) Have an IQ of 190 or greater (1 in 107 million) Attacked by a shark (1 in 11.5 million) Elected President of the United States (1 in 10 million) Getting struck by lightning (1 in 164,968) Being drafted by an NBA team (1 in 6.8 million) Becoming a movie star (1 in 1.5 million) Dating a supermodel (1 in 88,000) Being killed by a vending machine (1 in 112 million) WOW, at least I have a chance of dating a supermodel. |
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Valker
Member
Posts: 3035
Wahoo!!!!
Texas Panhandle
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« Reply #51 on: January 10, 2016, 04:49:44 PM » |
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I buy movie tickets to have fun and be entertained for two hours. Lottery tickets are far cheaper and I am highly entertained for 3-4 days while I think about what I'd do if I won.
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I ride a motorcycle because nothing transports me as quickly from where I am to who I am.
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Serk
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« Reply #52 on: January 10, 2016, 05:01:20 PM » |
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...and to put things in perspective from a libertarian/anti federal government run out of control point of view:  |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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