It serms incredible to me to give over a billion dollars to a random person.

  • Lauchs@lemmy.world
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    1 year ago

    Not really.

    The lottery is paid for by those who all have an equal chance of winning that prize. Also, the profits from lotteries are usually spent on social funds etc.

    I feel more conflicted about thr fact that it preys on addiction and those who buy the most lottery tickets are often those who can least afford them. I find that much more grotesque than a random person getting very lucky, but to each their own.

      • Dr. Dabbles@lemmy.world
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        1 year ago

        In the US, close to half of the winnings do go to the lottery, plus a portion of each lottery ticket usually goes to fund some government agency. Schools, programs for the impoverished and disenfranchised, etc.

        The real question, in my opinion, is if you are willing to spend that much money on a ticket, why aren’t you willing to spend that much money on just outright funding government programs? Imagine if 100% of what someone paid for a ticket went to programs for the disenfranchised? That could make real difference.

        • NightAuthor@lemmy.world
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          1 year ago

          Probably worth noting that, at least in places like Texas, they take the funds from the lottery, allocate it to school, and then take the same amount of money out of schools to fund whatever bullshit they want.

        • callouscomic@lemm.ee
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          1 year ago

          And then in some places they decide to divert the school money for a new Raiders stadium.

      • atomWood@lemm.ee
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        1 year ago

        That depends on the government in question. For example, the Canadian government does not have a claim on any kind of lottery or game show winnings.

  • dylanmorgan@slrpnk.net
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    1 year ago

    It’s grotesque for ANYONE to have a billion dollars. Arguably the lottery winner is the only one to achieve that wealth by even sort-of ethical means.

          • Uriel238 [all pronouns]
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            1 year ago

            Not really. Dividends always include value stolen from the workforce and the end customer in low pay and shoddier quality as enforced via a policy of shareholder primacy.

            Anyone who hold stocks in a private company is stealing from the public.

              • Uriel238 [all pronouns]
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                1 year ago

                A coffee can? A vault? In our agrarian economy, your extended family would take care of you in your geriatric years, but now because of the nuclear family we have to manage our own retirement (and suffer intergenerational mental illness).

                401Ks and such are the proffered substitutes, but in good times they depend on exploitation. In bad times (such as right after the 2008 subprime mortgage crisis) they collapse with the rest of the economy and the banks throw their customers to the elements.

                It’s a situation much like the US dependence on cars, since alternatives are dismantled or delayed, and regulations turn our urban areas into an untraversable sprawl. Cars are bad, but we’ve been systematically stripped of alternatives.

      • wombatula@lemm.ee
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        1 year ago

        It is, except for the way that money is derived from the labour of the workers, and the fact that you’re not likely to make lifestyle changing amounts of money without already having a significant amount of money to gamble in the first place.

        Not to mention the system is arguably much more “rigged” thanks to the major players in the scene, when you buy a lottery ticket you aren’t competing against giant corporations that spend millions on figuring out the best way to buy lottery tickets.

      • Cocodapuf@lemmy.world
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        1 year ago

        Well it’s like a lottery but with more variables and where better knowledge or analysis can mean some "players"are more likely to win than others. It’s inherently less fair than a lottery, which should be totally random.

      • Ook the Librarian@lemmy.world
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        1 year ago

        That’s not grotesque and that’s not wealth. But still a nice thought to keep in mind.

        I wish these people were as famous as the loud-ass billionaires we have.

      • Olhonestjim@lemmy.world
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        1 year ago

        There certainly have been such people. But none were ever billionaires. Such people do something which creates great value. Billionaires are parasites who do nothing but siphon value away from society.

        Albert Einstein, Nikolai Vavilov, Marie Curie, Martin Luther King Jr, Alan Turing, Abraham Lincoln, Michael Faraday, Nelson Mandela, Isaac Newton, Edward Jenner, Harriet Tubman, Louis Pasteur, etc.

  • fubo@lemmy.world
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    1 year ago

    State lotteries are in effect a tax on the uneducated; largely used to fund education.

    But part of the reason they exist is that, in their absence, people spontaneously come up with even worse forms of gambling, like the old numbers game that funds the expansion of organized crime.

    Most lottery players, especially scratch-ticket players, would be better off sticking that money under their mattresses or in credit-union accounts. However, again, when there are no gambling games around, people spontaneously invent them; abolishing state lotteries would not cause that money to go under mattresses or into credit unions.

    • Hegar@kbin.social
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      1 year ago

      largely used to fund education

      Alas, nope.

      Many states have laws saying that for every lottery dollar that goes to education, a dollar comes out of the education budget. Usually lottery profits end up in a general fund, the whole education thing is a legislated smoke screen.

      The main function of state run lotteries is to take money away from organized criminals and give it to elected criminals instead.

      • DeepFriedDresden@kbin.social
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        1 year ago

        Gambling that is prohibited by local laws.

        Each state has its own restrictions and laws so really it depends on your location.

      • JJROKCZ@lemmy.world
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        1 year ago

        Any gambling that isn’t regularly audited and controlled by the state. I work in the casino industry, I have sets of reports and evidence I have to run and provide to the state daily, weekly, monthly, quarterly, and annually. Then every two years they get a room in our building to full audit everything again end comb through everything we do to make sure we comply with all of the hundreds of controls across the 25 chapters in our gaming control book. Anything not subjected to and complying with that is illegal.

  • Lexam@lemmy.ca
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    1 year ago

    It is a deep and philosophical question that must be looked at from all sides. But after much debate and consideration among our greatest scholars the universal truth is a question in of itself. Am I the random person?

    • Honytawk@lemmy.zip
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      1 year ago

      If their family is that rich, they usually have gotten some money of it before the other died.

    • wombatula@lemm.ee
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      1 year ago

      Chances are the person who inherits a billion dollars is already used to dealing with large amounts of money, and likely has the support structure of accountants and advisors that will help them deal with it.

      A lottery winner is usually middle-class or lower, the type of person whose life would be changed by a few thousand dollars, and likely has no idea how to manage wealth of that size.

  • FarceMultiplier@lemmy.ca
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    1 year ago

    Far better than the shitheads that add nothing to the world and become billionaires through financial manipulation and employee exploitation.

    • pdxfed@lemmy.world
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      1 year ago

      Seriously, 1.2b a drop in the ocean compared to generationally wealthy who leech off of society paying almost no tax by extending tax liability to infinity through gifting and buying politicians who create loopholes for them.

    • Critical_Insight@feddit.uk
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      1 year ago

      I can’t think of a single person who became a billionaire, yet added nothing of a value to the world. Sure they may have manipulated and exploited while at it, but there’s still usually a product of some sort in the end, and the fact that they became wealthy indicates there was demand for said product.

      • Honytawk@lemmy.zip
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        1 year ago

        If someone adds value to the world, but does so through exploitation of the workforce, scamming their customers, or tax evasion. They didn’t actually add anything to the world. They are net negative.

      • redballooon@lemm.ee
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        1 year ago

        That’s an argument for the product, but the system still promotes shitheads to the heads of the companies that deliver said products.

        And that still means shitheads are shitheads, regardless of the amount of money they have.

      • FarceMultiplier@lemmy.ca
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        1 year ago

        Net negative matters.

        I could, for example, kill every animal in the forest then claim how good it is that the plants grew so much that year without so many things eating them. In the long run, it’s very negative however.

        Same for billionaires. You could say how great it is that we have electric cars, but who gets hurt and could it have been done without harm to people or society?

  • derf82@lemmy.world
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    1 year ago

    First of all, they are not getting $1.2B. The lump sum cash value is $551.7M. The usually reported jackpots are presented in terms of the value of a 30 year annuity.

    Second, those winnings are before taxes. After taxes, depending on the state, the person will walk away with $280m-350m.

    Now, sure, that is still an absurd amount, but still like 1/4th the stated jackpot.

  • Kit
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    1 year ago

    I think it’s somewhat charming tbh. Everyone gets a tiny, miniscule chance of never having to work again. I rarely buy a ticket, but when I do I spend all week imagining all the fun things I’d do with the money.

    As the other poster said, though, it’s sad when folks get addicted to it.

    • guacupado@lemmy.world
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      1 year ago

      I may act different if I actually saw half a billion dollars in my account but I would I’d buy a house and car for each family member, save 20mil to live off the interest, and then donate the rest towards projects like spine repair medicine or desalination or something. Or maybe buy a shitload of solar panels for homes.

    • Sukisuki@lemmy.world
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      1 year ago

      it is weird how people say that getting a lot of money, the thing whole world is based on, all humans work every day to get, is the worst thing that happened to them.

      Shakespeare - shot by someone who was trying to get his money

      David Lee Edwards - was a convict, spent a lot in several years, lost all his money and died.

      Jeffree Dampier: was sleeping with his wife’s sister, shot and killed by her and her husband.

      Urooj Khan: coughs blood and dies the next day of getting his check. Cyanide poisoning.

      Michael Karoll: “parties, coke, hookers, cars”

      Harrell Jr: spent too much, lent too much, killed himself after his wife left him.

      Stories go on and on. Almost all of them can be linked to already unstable, unwell people, their inability to manage the money properly or them not shutting up about the huge cash pile they recently sat on, to the trashy, money crazed people around them.

  • Usernameblankface@lemmy.world
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    1 year ago

    The entire idea of a statewide lottery seems awful to me. I think there should be a cap on the size and reach of any one lottery. It’s been shown to be more harmful than helpful to dump millions of dollars on one person’s bank account.

  • TimewornTraveler@lemm.ee
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    1 year ago

    The public opinions on Lemmy are fucking daffy. So on top of everything else, yall are cool with predatory gambling system that randomly ruins one person’s life?

    • Ook the Librarian@lemmy.world
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      1 year ago

      By saying you’re not “cool” with the lottery, does that mean you want it abolished? I don’t like the lottery. I don’t think it should be outlawed. Would you classify me as either cool with it or daffy?

      • TimewornTraveler@lemm.ee
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        1 year ago

        Certainly less daffy than the people playing it or praising it. I don’t know your reason why you think a state function that harms people for money should be allowed to exist, but I’m guessing it’s not a very rational one.

  • Semi-Hemi-Demigod@kbin.social
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    1 year ago

    San Francisco spends $700 million a year dealing with their roughly 7,000 unhoused people. They could just give every one of them $100,000 a year and spend less, and probably have better results.

    • Honytawk@lemmy.zip
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      1 year ago

      Pretty sure that if they didn’t spend 700 million, there would be quite a lot more than 7000 unhoused people.

    • gurmif@sopuli.xyz
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      1 year ago

      No they couldn’t. If being homeless paid six figures there would suddenly be a lot more homeless people.