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Next HUGE jackpot winner..Working class hero/enemy??

Topic closed. 30 replies. Last post 8 years ago by petergrfn.

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Will the Public sentiment be Hate or Love for jackpot winner?

Public will hate Jackpot Winner [ 8 ]  [16.00%]
Public will Like Jackpot Winner [ 9 ]  [18.00%]
Public won't care [ 30 ]  [60.00%]
Other [ 3 ]  [6.00%]
Total Valid Votes [ 50 ]  
Discarded Votes [ 3 ]  

United States
Member #58528
February 18, 2008
710 Posts
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Posted: March 20, 2009, 8:20 pm - IP Logged

I Agree!

    justxploring's avatar - villiarna
    Wandering Aimlessly
    United States
    Member #25360
    November 5, 2005
    4461 Posts
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    Posted: March 22, 2009, 1:52 am - IP Logged

    People are usually envious of big jackpot winners and then they shrug their shoulders and go on with life.  Regarding AIG, although I cannot understand why someone would get a bonus after a company failed, they didn't "steal" anything.  The contracts were approved long before the bailout.  Bernanke and the Federal Reserve knew about them, approved them, and even attended AIG meetings. Considering that Merrill Lynch paid out over $2.5 billion in bonuses, that $165 million everyone is screaming about is bubkas.  I'm a taxpayer, so don't think for a minute I want to pay these bonuses, but taxpayers pay for a lot of stuff we don't like.  How about $3 trillion for the Iraq war?  Maybe we should just get rid of the IRS and the Federal Reserve.  Then there won't ever be another outrage by taxpayers, because there won't be any!

      justxploring's avatar - villiarna
      Wandering Aimlessly
      United States
      Member #25360
      November 5, 2005
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      Posted: March 22, 2009, 2:24 am - IP Logged

      Mike, your comment about the new president signing a bill that allowed the AIG bonuses is absurd.  How can you blame someone who wasn't even in office?  The bailouts started last year!   Even if I hated Obama, I wouldn't be able to blame him for something that happened before the election! The bonus retention payments were originally in the November TARP document drafted by the Bush Treasury Department.  Also Republicans last fall blocked attempts by the Democrats to cut executive compensation and cap bonuses, saying it was unnecessary and called it "meddling in the markets."


        United States
        Member #58528
        February 18, 2008
        710 Posts
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        Posted: March 22, 2009, 1:21 pm - IP Logged

        I don't hate Hussein,either.I just don't like his socialistic politics.

        I stand by my post,whether you believe what I said or not.

          justxploring's avatar - villiarna
          Wandering Aimlessly
          United States
          Member #25360
          November 5, 2005
          4461 Posts
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          Posted: March 23, 2009, 12:35 pm - IP Logged

          Mike, this forum is called "Lottery Discussion" and is not a political forum.  However, since you posted your personal feelings, I had no choice but to respond to your statement and it's only fair that I am allowed to do so to keep things balanced.  There are a lot of people involved in this whole economic debacle, both Dems and Pubs, but pointing the finger at Obama, who has been in office 2 months, is not only absurd, it tells me you have some kind of amnesia when it comes to a sequence of events.  Billions of dollars in bonus money were paid to Merrill Lynch too, a heck of a lot more than the AIG payouts everyone is so upset about, and it all happened last year, before Jan 20.  Anyway, just to make myself clear, whether or not President Obama signed a bill that resulted in this new "outrage" isn't the issue.  I've never written in any of my posts that he's blameless and I've never claimed the Democrats in Congress don't share some of the responsibility for getting us into this mess.  However, here's some testimony from AIG's CEO:

          "The Federal Reserve is at our board meetings and our compensation committee meetings and our various meetings on strategy and they have the ability to weigh in — either yea or nay — on anything that we decide."

          “There was great angst over the payment of these bonuses,” but that the Fed and AIG ultimately decided that “the risk was too great that we would lose all the progress we made if we didn’t pay these bonuses.”

          Ben Bernanke was appointed by President Bush.  AIG executives did not "steal" this money.  Whether or not they deserve it is a totally separate discussion.  Passing a tax law retroactively is dangerous.  If it's legal, I'd be more concerned with that decision than with socialism.

            Piaceri's avatar - sarsony1
            Republic of Texas
            United States
            Member #57557
            January 9, 2008
            1095 Posts
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            Posted: March 23, 2009, 1:15 pm - IP Logged

            The furor over the AIG bonuses is smoke to cover for the budget initiatives that included over 8000 pork deals for both parties. And it was the Dems who blocked the Repubs attempt to limit the bonus back in Nov.  Same as the Dems blocked the Repubs from nailing Fannie Mae's & Freddie Mac's activities since 2003. Where is Barney Frank's boyfriend who ran FM/FM into the ground and profited hundreds of millions during his short tenure there?

            Is the AIG bonus furor relative to this particular discussion? Yes, because the push to "share the wealth" is spreading beyond the bailout entities.

            How soon will the anger turn against lottery winners, regardless of how financially secure or insecure they were before their winnings? How soon will it be before lottery winnings are taxed at 70%, 80%, or even 90%? 

            My employer just paid its employees a 25% performance bonus - not 24% of annual income mind you, but 25% of the max bonus payout. My net after tax was about $700. We were the only division within our corporation to acheive performance requirements for bonus. Long hours and hard work made this possible. I don't believe that any of my fellow workers would appreciate the feds coming in and snagging 90% of our bonus instead of the normal wage %.

            face

            singlewinnersinglewinnersinglewinner   

              awwcrap's avatar - moon
              ky
              United States
              Member #37768
              April 19, 2006
              90 Posts
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              Posted: March 23, 2009, 6:02 pm - IP Logged

              If one of the AIG execs won the lottery,  i'll be disappointed,,,,if someone else won the lottery i'll be happy for them.


                United States
                Member #58528
                February 18, 2008
                710 Posts
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                Posted: March 23, 2009, 7:10 pm - IP Logged

                Mike, this forum is called "Lottery Discussion" and is not a political forum.  However, since you posted your personal feelings, I had no choice but to respond to your statement and it's only fair that I am allowed to do so to keep things balanced.  There are a lot of people involved in this whole economic debacle, both Dems and Pubs, but pointing the finger at Obama, who has been in office 2 months, is not only absurd, it tells me you have some kind of amnesia when it comes to a sequence of events.  Billions of dollars in bonus money were paid to Merrill Lynch too, a heck of a lot more than the AIG payouts everyone is so upset about, and it all happened last year, before Jan 20.  Anyway, just to make myself clear, whether or not President Obama signed a bill that resulted in this new "outrage" isn't the issue.  I've never written in any of my posts that he's blameless and I've never claimed the Democrats in Congress don't share some of the responsibility for getting us into this mess.  However, here's some testimony from AIG's CEO:

                "The Federal Reserve is at our board meetings and our compensation committee meetings and our various meetings on strategy and they have the ability to weigh in — either yea or nay — on anything that we decide."

                “There was great angst over the payment of these bonuses,” but that the Fed and AIG ultimately decided that “the risk was too great that we would lose all the progress we made if we didn’t pay these bonuses.”

                Ben Bernanke was appointed by President Bush.  AIG executives did not "steal" this money.  Whether or not they deserve it is a totally separate discussion.  Passing a tax law retroactively is dangerous.  If it's legal, I'd be more concerned with that decision than with socialism.

                If you don't care for my posts,don't read them.I am entitled to my opinions whether or not YOU agree with them.I will continue posting my opinions whether YOU like it or not!

                  justxploring's avatar - villiarna
                  Wandering Aimlessly
                  United States
                  Member #25360
                  November 5, 2005
                  4461 Posts
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                  Posted: March 23, 2009, 7:29 pm - IP Logged

                  If you don't care for my posts,don't read them.I am entitled to my opinions whether or not YOU agree with them.I will continue posting my opinions whether YOU like it or not!

                  ...and you should.   I never even hinted that your opinion doesn't count.   However, the word "discussion" implies interactive communication between 2 or more parties.

                   

                  Piaceri writes:  "And it was the Dems who blocked the Repubs attempt to limit the bonus back in Nov"

                  Not true.  Republicans Voted Against President Obama's Economic Recovery Act.  They unanimously opposed eliminating all future golden parachutes for TARP senior executives, stopping incentives for top executives to take unnecessary risks, and cracking down on future bonuses, retention awards, and incentive compensation for all TARP executives.

                  Do you want the link to the Session in Congress where it shows how each member voted? 

                  In 2007 Republicans Voted Against the Shareholder Vote on Executive Compensation Act.   This act was to provide annual, clear disclosure of executive compensation and a sense of the views of stockholders regarding a company's compensation plans.  It would require shareholders of all publicly traded companies a vote to express their views on executive compensation plans.  It would also require a vote for shareholders to express their views before a company can award a severance package while simultaneously negotiating the purchase or sale of the company. 

                  I have the facts & voting records, directly from the government web site. I didn't start out to argue, so I'll stop posting here, since the facts obviously mean nothing.

                    Piaceri's avatar - sarsony1
                    Republic of Texas
                    United States
                    Member #57557
                    January 9, 2008
                    1095 Posts
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                    Posted: March 23, 2009, 8:32 pm - IP Logged

                    You are right, the Republicans voted against the also pork laden "ERA", and rightly so (yeah, the retail clerk from the closed store down the street eagerly awaits her new job resurfacing roads - btw what will she do next winter when road construction stops?). All this biparisan talk was pandering from the Democrats. They refused Republican efforts to participate except for the barest minimums, going so far as to taunt "we won, you didn't" (Pelosi).  And no, the pork wasn't as spelled out in the ERA, but it left many, many doors open for local pork without oversight.

                    As to the other, shareholders have the right to vote board members in and out, who in turn award executive compensation. Executive compensation is spelled out in every publically traded corporation's annual report, if you ever bothered to read one.  As to giving every schmuck who owns 1/10th of a corporate share through their 401k a right to vote on executive compensation, I disagree.

                    Will the Democrats call Barney Frank's boyfriend to testify? No. They won't dare because it will open up too many questions regarding their own actions. They will continue to scream the Bush Did It mantra for as long as they can.  The Republicans are not without blame, but the Democrats IMHO, have more than their share.

                    Will YOU, as an average taxpaying citizen, allow the Democrat controlled US Government take 60%, 70%, or even 90% of what they determine as your excess earnings in the name of some undetermined "fair share"?  Those "excess earnings" could be your lottery winnings, your casino winnings, or your annual bonus/profit sharing check from your employer.

                    My measly bonus barely covered new tires for my car.  But at least I got one, and hopefully Obama and his buddies will not dip their fingers into it any more than they have already.

                    face

                    singlewinnersinglewinnersinglewinner   

                      rundown99's avatar - cigar

                      United States
                      Member #567
                      August 14, 2002
                      482 Posts
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                      Posted: March 24, 2009, 7:46 pm - IP Logged

                      This is another reason to remain anonymous if you win a jackpot prize.  With the current economy and all the news regarding AIG controversial bonuses, Benard Madoff, layoffs, etc., why would ANYONE want to stand in front of the cameras after winning a jackpot?!?!?  WHY?!?!?  You would be the biggest target, especially in a recession for crying out loud!  The problem with most lottery winners is that we live in a society where people crave fame seekers, celebrities, and reality TV.  How many people apply to be on American Idol every year?  Maybe a million?  But people don't realize the high price of fame, which includes family feuds, greedy long-lost relatives, crooked businessmen, and jealous friends.  The fame is just not worth it!

                      Smart lottery winners form trust to claim their winnings.  They send an attorney to the lottery headquarters to claim the prize in trust, so that ONLY the name of the trust is revealed.  And they tell NO ONE, especially relatives.

                      If you ever win a lottery and you are single, the only person you should ever marry is someone who was truly in love with you BEFORE you won the jackpot!

                        JAP69's avatar - alas
                        South Carolina
                        United States
                        Member #6
                        November 4, 2001
                        8790 Posts
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                        Posted: March 27, 2009, 10:01 am - IP Logged

                        Hey, They can win large jackpot money as long as congress passes a bill for it to be taxed at 90% on anything over 1 million dollars.

                        That is too much money for one person to have. Green laugh

                        WHATT

                          RJOh's avatar - chipmunk
                          mid-Ohio
                          United States
                          Member #9
                          March 24, 2001
                          19815 Posts
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                          Posted: March 27, 2009, 10:24 am - IP Logged

                          Hey, They can win large jackpot money as long as congress passes a bill for it to be taxed at 90% on anything over 1 million dollars.

                          That is too much money for one person to have. Green laugh

                          Some cities already have a similar law although it's not 90% but just the rate they tax other income.  They don't require lottery winners to report small winnings but if your winnings are large enough that the state sends you a W-G form, you have to include it in your city tax calculations.  So far the city I live in doesn't tax pensions, interest on savings and lottery winnings, but we haven't had a jackpot winner yet.

                           * you don't need to buy more tickets, just buy a winning ticket * 
                             
                                       Evil Looking       

                            joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

                            United States
                            Member #32537
                            February 12, 2006
                            698 Posts
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                            Posted: March 27, 2009, 10:11 pm - IP Logged

                            i say if i win,

                            Working class enemy

                            no not just that

                            I BE the working class Omega Super-Villain

                            i be like, if your poor or you never win the lotto

                            , you have your self to blame,  your in total control  of your life

                            see i desired to win pb, and did it in no time at all,

                            you are just all lazy bums and deserve to be losers if your lazy

                            i hope ever single one of you losers  get what you deserve in life, more of the being a loser

                            losers ,then i go on braging about it, rubbing it in their face's, calling them all lazy bums

                            , to see what am talking about, i refer to this post

                            http://www.lotterypost.com/thread/191383

                              Perfecttiming2's avatar - redcross

                              United States
                              Member #65961
                              October 11, 2008
                              161 Posts
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                              Posted: March 31, 2009, 7:30 pm - IP Logged

                              I wasn't comparing stealing taxpayer money to the good fortune of winning of the lottery.  I'm saying people's sense of entitlement to other's money.   Some folks feel if you are "undeserveing of the money that you should forfeit most of it to others.    It ould be the Gov't or a Private Citizen.   So my question is if other people feel some people didn't "deserve" money that their work contracts allowed them then what's to keep them from your lotto winnings??  Who's to say that you are "deserving" of millions of dollars from Poor taxpayers?    Some might say that that money needs to be redistributed to the larger group of tax payers who bought lotto tickets but lost.    Since Lotto corporations are partly Gov't entities Congress could easily impose a 50-90% tax on "FAT CAT" lotto winners.   What's the point of being rich if the money can be seized by the Gov't??

                              "So my question is if other people feel some people didn't "deserve" money that their work contracts allowed them then what's to keep them from your lotto winnings??  Who's to say that you are "deserving" of millions of dollars from Poor taxpayers?"

                              Hi Petergrfn!

                              Hey, you have to know that, "Poor" taxpayers buy lottery tickets and do it for the same reasons "rich" taxpayers do it....THEY WANT TO WIN....

                              Most people are upset with the AIG fiasco because these executives were given crazy bonuses..... AND these were given on a job that WAS NOT WELL DONE.....( THEY HAVE NOT EVEN BEGUN TO FIX THE PROBLEMS). 

                              These contracts (which have been around for awhile) do not make for good business in that even if these execs were newly hired, it is common knowledge AND common sense that you REWARD people for a job well done..........AFTER they have done the job....AND not before....these people did not do anything to get million dollar bonuses....(REMEMBER this is in ADDITION to their already hefty salaries!!!!)

                              This whole "give-you-a-bonus-just-for being-a-top-dog-even-if-our-company-is-failing" has been going on for years....its just that the average American is finding out how deep the rabbit whole is and that this is how things have been done......(AND people have every right to be ticked-off about it...)

                              The AIG exec are probably dismayed by the nations response, which is similiar to what the OctoMom is going through....she probably thought that people would be so happy for her....(and at first the media was positive on the birth announcement), UNTIL it was revealed that she did this on purpose, with no job or steady income, is depending on her parents for support and has six other children already at home....The mood quickly changed.  Selfishness and greed will always provoke a negative response.

                              HOWEVER,

                              The lottery is a free-will activity and IF you win, YOU ARE ENTITILED TO IT....(It is not selfishness or greed to want to win!)

                              The only "thing" you have to do to win the lottery is first, BUY A TICKET!!! That's it.  You've done your part.

                              Nobody is making you do it....You do it KNOWING that you may loose but HOPING that you will win....

                              The only rule is you have to be in it to win it! 

                              If it is meant for someone to win a $300 million jackpot, a 400 milllion jackpot or even a back-to-back jackpot (which I think will be soo cool!!!).... and IF other people get upset over that...... then you have to know that those people will get upset (envious, convet) over anything!

                              I am convinced that the average person who buys a lottery ticket does not have the selfish mentally of an AIG exec or the "OctoMom"...

                              The average person who buys a lottery ticket just wants a better life for themselves and their loved ones...they want to be debt-free, own property that is paid for, and be able to give at a moments notice.....AND they know that if winning the lottery happend for one person..... it can surely happen for them....THAT attitude alone will eliminate any feelings of hostility.