Lottery and Food Stamps

08 Mar 2012 13:59 #21 by Rick
Replied by Rick on topic Lottery and Food Stamps
The really sad part of this story is that with her attitude, she will be broke very soon and get back to collecting food stamps. Anyone think she will be actively searching for employment, or will she just live off her winnings until it's gone?

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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08 Mar 2012 14:05 #22 by archer
Replied by archer on topic Lottery and Food Stamps

CritiKalbILL wrote: The really sad part of this story is that with her attitude, she will be broke very soon and get back to collecting food stamps. Anyone think she will be actively searching for employment, or will she just live off her winnings until it's gone?


Odds are she will blow through the money, then wonder why she is broke and unemployed, again. Unexpected wealth seems to disappear very fast, look at all the over-hyped sports figures who make millions during their playing years who end up broke years after retirement.

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08 Mar 2012 14:20 #23 by LOL
Replied by LOL on topic Lottery and Food Stamps
Interesting predictions.

So we have someone with $500K, plenty of money to hire daycare, go to school, get a degree, learn a trade, or start a business. No excuses. No obstacles. And the consensus is she is still going to fail. Why?

Interesting.

If you want to be, press one. If you want not to be, press 2

Republicans are red, democrats are blue, neither of them, gives a flip about you.

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08 Mar 2012 14:29 #24 by FredHayek
Replied by FredHayek on topic Lottery and Food Stamps

Joe wrote: Interesting predictions.

So we have someone with $500K, plenty of money to hire daycare, go to school, get a degree, learn a trade, or start a business. No excuses. No obstacles. And the consensus is she is still going to fail. Why?

Interesting.


Why?
Owning 2 homes. If she thinks she is still poor, you think she would cut expenses.
Not working right now, sounds like she is missing ambition or motivation in her life.

:popcorn: I would love to see a where-are-they-now show on former lottery winners including her.

Thomas Sowell: There are no solutions, just trade-offs.

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08 Mar 2012 14:35 #25 by archer
Replied by archer on topic Lottery and Food Stamps
I'm not saying she is going to fail, only that the odds are she will. I have seen it all too often Joe when I was doing taxes. When a person gets a windfall of money there are two ways of handling it.....you can either look at is a sudden increase in your checking account or a sudden increase in your saving account. For those who have never had a lot of money the former is very attractive, finally they can have what they have never been able to afford, it takes discipline to view that money as a future asset, use what you need now to pay off debt, and invest/save the rest taking only a small portion every year to better your lifestyle while still keeping a tidy nest egg. It has always bugged me that the math curriculum in high school does not include money management, balancing a checkbook and investing and saving, the cost of credit and the time value of money. It's sad really how many people will get a windfall and have absolutely no idea what to do with it beyond spending it. And many will trust the wrong person when asking advice.

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08 Mar 2012 14:43 #26 by 2wlady
Replied by 2wlady on topic Lottery and Food Stamps
I agree, archer. If school is supposed to prepare you for living and contributing, it sure doesn't do it when it comes to life skills and money management.

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08 Mar 2012 15:14 #27 by Rick
Replied by Rick on topic Lottery and Food Stamps

Joe wrote: Interesting predictions.

So we have someone with $500K, plenty of money to hire daycare, go to school, get a degree, learn a trade, or start a business. No excuses. No obstacles. And the consensus is she is still going to fail. Why?

Interesting.

If you are a parent that is willing to house and feed your child well past their 20s while not pressuring him/her to get a job, they will continue to tap your bank account until you are dead.

Why would it be any different if you could live off the government?

The left is angry because they are now being judged by the content of their character and not by the color of their skin.

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08 Mar 2012 15:26 #28 by FredHayek
Replied by FredHayek on topic Lottery and Food Stamps

2wlady wrote: I agree, archer. If school is supposed to prepare you for living and contributing, it sure doesn't do it when it comes to life skills and money management.

I know a class like that would have been more useful to me than Calculas.

Thomas Sowell: There are no solutions, just trade-offs.

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08 Mar 2012 15:29 - 08 Mar 2012 15:33 #29 by UNDER MODERATION
Replied by UNDER MODERATION on topic Lottery and Food Stamps

FredHayek wrote: And this has happened more than once.


Now lets talk about the 80 million little babies that would starve without food stamps..Not the one in a million aberation..

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08 Mar 2012 15:32 #30 by UNDER MODERATION
Replied by UNDER MODERATION on topic Lottery and Food Stamps

Joe wrote: So we have someone with $500K, plenty of money


Hey Dr Evil...500k is not a lot of money..


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