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To help ensure that people who won the lottery don't go too crazy with the prize money (and end up blowing it to hookers and expensive cars, depriving the local community of potential investment from the winner), the lottery company should provide a short crash course on investing the money and using
it wisely.
After all, people who do the lottery are not exactly doing it because they have a phd in statistics.
It may also help, if part of the money was required to be spent investing in the local community of their own choice. (e.g. Helping to build a new park, or try and start a new local business)
sometimes phds in mathematics do play
http://www.dispatch...ery-four-times.html
with surprising results [4whom, Mar 20 2011]
Suzanna's a Funicle Man
http://sniff.numach...ages/tiSOWSONG.html
Nothing to do with the idea but 'finanical' reminded me of it. [DrBob, Mar 21 2011]
[link]
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A new car park, and stripper business |
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ah, but at least it becomes a local venture, that employs local workers ;) |
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Saw a great show about some homeless guy being
given $100,000 to see what he did with it. They
assigned a financial advisor to him that he said
was keeping him down. |
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Needles to say, he immediately got married to
some lowlife gold digger and blew the money in a
matter of weeks. He complained that it was
everybody else's fault
that he lost this money of course. |
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I think it would have about as much impact as the
warning labels on the side of cigarettes. In fact,
you could probably put a financial advice warning
label on the back of the ticket and be just as
effective. In fact in fact, you could probably swap
the
cigarette and lotto ticket warning labels and have
them be just as effective. |
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21 gives me an idea though. Have mandatory
"winner"
training with Charlie Sheen after he's been on a 3
day bender and I think you'd triple ticket sales. I'd
probably buy one. |
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Better yet, have the lotto company be in charge of the financial education. |
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"Congratulations on your winning the lottery. Now it's time to consider a sound investment strategy that includes a balanced portfolio of scratchers, instant win tickets and powerball investments." |
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How about “mandatory finanical education for lottery entrants”? The scratch-card could be a multiple-choice questionnaire about statistics and probability; scoring above a certain grade would enter you in the lottery, while scoring below would result in your automatic, compulsory enrolling in evening classes instead. |
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//How about “mandatory finanical education for lottery entrants”?// |
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My vote for anno of the week. |
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"I spent a lot of money on booze, birds and fast cars. The rest I just squandered.", George Best. |
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People from certain backgrounds ,(we're trying not to profile here) ,would be paid off in non-transferable one dollar scratch off tickets, thereby giving them employment,the scratching off process, or causing them to become employers of multiple scratchers to eventually get at some of their winnings and giving them hope, of a sort. They would get winners on the scratch offs, of course, some big enough for booze, drugs, hookers, etc.
Additionally this method would keep most of the jackpot funds in the hands of the lotto entity long enough to encrue interest while the "winner" chipped away at it. |
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