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Topic closed. 10 replies. Last post 13 years ago by JAZZY JASPER.

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United States
Member #1984
August 4, 2003
70 Posts
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Posted: August 30, 2003, 8:40 pm - IP Logged

If Bill Gates were to spend a billion dollars on lottery tickets one month, and kept reinvesting the after-tax winnings every month, a year later he would be down to $60.

Source:

http://www.fool.com/DuelingFools/1998/DuelingFools980826lott002.htm

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23274 Posts
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    Posted: August 31, 2003, 1:36 pm - IP Logged

    IMHO the rebuttal is much better.  The example of Bill Gate's money dwindling is the opposite of why people play.  The object is to spend a relatively small amount to have the chance at winning a great amount.

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      visiondude's avatar - eye3logo
      light on my feet
      United States
      Member #356
      May 20, 2002
      2744 Posts
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      Posted: September 1, 2003, 8:09 am - IP Logged

      Quote:

                  "i am .........."meant to"       

      P.S.,  that RJoH  is a stand up guy.  thanks,  vision

               until further notice,  it's  france everyday

        kbcherokee's avatar - buffalo2
        Virginia
        United States
        Member #1712
        June 20, 2003
        1549 Posts
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        Posted: September 1, 2003, 9:17 am - IP Logged

        "Riches do not consist in the possession of treasures but in the use made of them."

        Chief

        May the warm winds of heaven blow softly upon your house. May  the Great Spirit bless all who enter there. May your mocassins make happy tracks in many snows. And may the rainbow always touch your shoulder.

          RJOh's avatar - chipmunk
          mid-Ohio
          United States
          Member #9
          March 24, 2001
          19830 Posts
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          Posted: September 1, 2003, 9:40 am - IP Logged

          We all have treasures, we just don't value them until someone else want them or they are taken away.

          RJOh

            visiondude's avatar - eye3logo
            light on my feet
            United States
            Member #356
            May 20, 2002
            2744 Posts
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            Posted: September 1, 2003, 8:50 pm - IP Logged

            "where your 'treasure'  is,  there your heart will be also"  ( choose wisely)

               

              VISIONgivesmetheabilitytochoosewiselybefore

                        "i am .........."meant to"       

            P.S.,  that RJoH  is a stand up guy.  thanks,  vision

                     until further notice,  it's  france everyday

              fja's avatar - gnome1

              United States
              Member #91
              January 19, 2002
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              Posted: September 2, 2003, 11:32 am - IP Logged

              you guys are getting deep!!!

              "Everybody has to believe in something...I believe I'll have another beer!"   = W.C.Fields                      

                Cleveland,Oh
                United States
                Member #1856
                July 16, 2003
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                Posted: September 2, 2003, 2:47 pm - IP Logged

                #1 He would never spend a billion!

                #2 He would have a program that would narrow the odds down to a Minnum!

                #3 He was goinging to do something w/ a lottery but as to what happened I'don't know! 

                  megamillionaire's avatar - Sphere animated_small_ neg2.gif
                  Queens, NY
                  United States
                  Member #245
                  April 15, 2002
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                  Posted: September 4, 2003, 9:30 am - IP Logged

                  Bill Gates makes more money (in tax refunds) giving away billions to his foundations than any lottery jackpot has ever reached.

                  Megamillionaire

                  Time is a wonderful teacher, but it kills all its students.

                  A man must consider what a rich realm he leaves when he becomes a conformist.

                    Cleveland,Oh
                    United States
                    Member #1856
                    July 16, 2003
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                    Posted: September 4, 2003, 9:43 am - IP Logged

                    MAY BE HE SHOULD RUN FOR PRESIDENT LIKE ROSS PEROE did OR Govenor of California!

                      JAZZY JASPER's avatar - scenery water_mountains.jpg

                      United States
                      Member #786
                      October 14, 2002
                      2723 Posts
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                      Posted: September 4, 2003, 1:45 pm - IP Logged

                      &nbs

                      "It's not easy, being, GREEN! "