The Conservative Cave
Current Events => The DUmpster => Topic started by: terry on April 23, 2010, 08:30:33 PM
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RamboLiberal Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr-23-10 11:51 AM
Original message
$258M Powerball Winner: "Holy Moses!" - Convenience Store Clerk
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A Missouri man who won a $258 million Powerball jackpot and plans to use some of the money to pay bills and take his children to Disney World says he hasn't decided yet if he'll quit his minimum wage job at the convenience store where he bought the winning ticket.
"You know, you never know," Chris Shaw told "Early Show" co-anchor Harry Smith Friday. "Everybody always says. I wouldn't,' or 'I would.' There's just so many things right now that run through your head, it's just like, you know - yesterday, if you would have asked me what I would have done with this kind of money, or two days ago, before I won it, I could have given a you million things. Now, I don't have any idea. I'm just flabbergasted!"
Shaw - a 29-year-old tattooed father of three who was raised by his grandparents in rural southern Missouri - came forward Thursday as the winner of the 10th-largest Powerball jackpot ever. Shaw said he had just $28.96 in his bank account and recently bought a 1998 Ford Ranger from a friend who agreed to let him pay off the $1,000 price $100 at a time. Now, he said, he no longer has to worry about how he'll pay his friend - or his utility bills.
"We didn't come from money. For us, it's just going to be a huge relief to know I'm going to be able to pay my electric bill, my gas bill," Shaw told the Associated Press. "It's like a weight lifted. I had bills at home I didn't know how they were going to be paid."
Shaw said he bought the $5 ticket Wednesday at the Break Time convenience store where he works in Marshall, a central Missouri town about 80 miles east of Kansas City. He accepted his ceremonial check at the Missouri Lottery headquarters in Jefferson City wearing a tan and red plaid shirt, a red hat and a huge grin - minus two front teeth he says he lost because he didn't take care of them but can now afford to have replaced.
http://www.cbsnews.com/stories/2010/04/23/earlyshow/mai...
ShortnFiery Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr-23-10 11:52 AM
Response to Original message
2. Too Cool! Now hire an excellent Financial Lawyer and keep away from extended relatives. eom
eyondGeography Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr-23-10 12:07 PM
Response to Original message
10. Congratulations and good luck
He'll need it.
Shell Beau Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr-23-10 09:22 PM
Response to Original message
53. I hope he spends and invests it wisely. Lucky dog!!
I say Congratulations and good for him, as well.
If this person had gone to school, studied hard, got out of school and started his own business, then worked hard at that business, employed other people, made a some other people wealthy as he grew his business, put in long hours, made good decisions and earned that amount of money, what would DU be saying about him?
Good for him? Spend it well? be careful to keep it away from nasty relatives?
link (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8201950&mesg_id=8201950)
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That one caught my eye, too.
ShortnFiery Donating Member (1000+ posts) Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Fri Apr-23-10 11:52 AM
Response to Original message
2. Too Cool! Now hire an excellent Financial Lawyer and keep away from extended relatives. eom
Hell, my wife and I decided that if we ever hit a big jackpot, we give each relative an equal amount.
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If this person had gone to school, studied hard, got out of school and started his own business, then worked hard at that business, employed other people, made a some other people wealthy as he grew his business, put in long hours, made good decisions and earned that amount of money, what would DU be saying about him?
you mean they are not calling for 91% taxation of that jackpot?
not calling for him to be "punished" "until his eyes bleed?"
imagine that? inconsistent dummys...
:o
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Hell, my wife and I decided that if we ever hit a big jackpot, we give each relative an equal amount.
Lots of Hundleys in my family tree. And I was Hot Rod's biggest fan. I have PayPal account.
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Lots of Hundleys in my family tree. And I was Hot Rod's biggest fan. I have PayPal account.
Not a single one in mine, and never met any either. :evillaugh:
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Not a single one in mine, and never met any either. :evillaugh:
Well then, damn.
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I say Congratulations and good for him, as well.
If this person had gone to school, studied hard, got out of school and started his own business, then worked hard at that business, employed other people, made a some other people wealthy as he grew his business, put in long hours, made good decisions and earned that amount of money, what would DU be saying about him?
Good for him? Spend it well? be careful to keep it away from nasty relatives?
link (http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=8201950&mesg_id=8201950)
I saw a show about lottery winners a while back. Almost all of them are broke or dead within 10 years. I firmly believe, with the caveat of the inherited rich, that the amount of money one makes/has in their lifetime is programmed into their brain. Winners win and losers lose and there is a reason for that. Giving millions to someone like that is akin to giving drugs to an addict. Pretty sad if you think about it.
Having said all that... I could handle winning the lottery. I'd invest it for some years, make lots of money, and then run for president. DC wouldn't know what hit them if I got elected. Neither would Iran and North Korea. :evillaugh:
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That one caught my eye, too.
Hell, my wife and I decided that if we ever hit a big jackpot, we give each relative an equal amount.
The first thing you do is seeing an attorney and an accountant and set up an agreement that spells out what % each of you get. If you wait until after those will be considered "gifts" and you do not want to know how high the gift tax is over a certain amount. (something like 50%)
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The guy is not an illegal alien, so I say good for him. He would be an idiot to keep his job though. His chances of being killed in a robbery are too high working at a quickee mart.
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The first thing you do is seeing an attorney and an accountant and set up an agreement that spells out what % each of you get. If you wait until after those will be considered "gifts" and you do not want to know how high the gift tax is over a certain amount. (something like 50%)
Maybe set up an investment fund and give out shares to relatives? Not sure on the legal and tax aspects of it but I think that is what I would do. That would keep my relatives from blowing the money and coming back to me wanting more.
Yes... my relatives are democrats. :-)
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Good for him that he won I hope he spends it well and thinks before he blows it all
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Just reenforces the DUmmies idea that lottery tickets are a sound investment.
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I went over to see if anybody proposed confiscating the money in the north-of-90% range. Nope.
AnnieBW (1000+ posts) Fri Apr-23-10 12:11 PM
Response to Original message
12. Congrats to him. My friends won a couple of years ago, and it really did change their lives for the better. Of course, they were smart and invested a lot of it. Now he's starting up a record company, and she's studying veterinary medicine to open up a kennel.
Unfortunately, having all of that money has turned my friend's husband into a teabagger.
:-) I say, "good for them!" Oh, I thought the teaparty people were stupid, ignorant trailer trash.
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Just reenforces the DUmmies idea that lottery tickets are a sound investment.
If I had that money I would get more politically active for sure.
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Not a single one in mine, and never met any either. :evillaugh:
You mean you're not related to Randy or Todd Hundley? :-)
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$29 in the bank
Owes on all his bills
Owes $1000 on a vehicle
BUT still has $5 to blow away on the lottery.
Yep, he's a DUmmie.
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$29 in the bank
Owes on all his bills
Owes $1000 on a vehicle
BUT still has $5 to blow away on the lottery.
Yep, he's a DUmmie.
Yup, that's what I was thinking.
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$29 in the bank
Owes on all his bills
Owes $1000 on a vehicle
BUT still has $5 to blow away on the lottery.
Yep, he's a DUmmie.
The fact that people like that buy lottery tickets is a foolproof clue to the reason they are impoverished.
People who can afford lottery tickets are too smart to buy them. That's why nearly every winner you hear about is a lifelong loser.
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The fact that people like that buy lottery tickets is a foolproof clue to the reason they are impoverished.
People who can afford lottery tickets are too smart to buy them. That's why nearly every winner you hear about is a lifelong loser.
I don't believe that. There have been more than a few well to do business owners and otherwise already wealthy winners.