To give all your family members, cousins, and closest friends a million dollars a piece if you win the Powerball or something like it? I mean, even after taxes, you could do that and still conceivably have enough money for the rest of your life. I've heard horror stories about people's live falling apart after winning the lottery, with people abandoning them because of their new found wealth. Would it be ethical to distribute that kind of money? Would it cause more harm than good?

The more you give, the more they'll expect. The more people you give to, the more people who will want you to give to them also.

I'm keeping every damn penny for my immediate family.

LewDabs Wrote:
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> To give all your family members, cousins, and
> closest friends a million dollars a piece if you
> win the Powerball or something like it? I mean,
> even after taxes, you could do that and still
> conceivably have enough money for the rest of your
> life. I've heard horror stories about people's
> live falling apart after winning the lottery, with
> people abandoning them because of their new found
> wealth. Would it be ethical to distribute that
> kind of money? Would it cause more harm than good?


I wouldn't give them the steam off my shit.

LewDabs Wrote:
-------------------------------------------------------
> To give all your family members, cousins, and
> closest friends a million dollars a piece if you
> win the Powerball or something like it? I mean,
> even after taxes, you could do that and still
> conceivably have enough money for the rest of your
> life. I've heard horror stories about people's
> live falling apart after winning the lottery, with
> people abandoning them because of their new found
> wealth. Would it be ethical to distribute that
> kind of money? Would it cause more harm than good?

If there is a single winner of the Powerball tonight they will have, in Virginia, $200+ million AFTER tax.

That's a rather significant amount of cash.

If you have, say, 10 siblings you EASILY could do a couple different things - one, set up a trust fund with, say, $50 million and pay out to them a steady income from the interest on that, forever; when they and their spouses are all dead their share reverts back into the trust, ultimately going to your own heirs. Or you could make each one of them a partial winner right up front - that way it's no longer YOUR hassle after all is said and done - they just take their cash and walk; say $10 million EACH (after tax); each should be able to stretch that to a million/year income, plus or minus. And you would STILL have $100+ milion IN POST-TAX CASH to play with for yourself.

It's a lot of money...


So, no, it doesn't seem immoral to spread it around if you want, even very large amounts; doing it PREtax, however, avoids double taxation and THAT is a good thing.

You cant take it with you, but also Everyone will be asking for money. I would give to those who don't ask for any, Just remember to invest wisely, you can go broke really quick and not be able to keep that habit up. How does that Country song go, Live like you where Dying.....