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What would you do if you won the lottery? (lemm.ee)

submitted 1 year ago by [email protected] to c/[email protected]

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The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?

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[–] [email protected] 2 points 1 year ago (1 children)

Noble, but I've got some very bad news about how much it would take to end homelessness in even the smallest state in the country, as even if the 500 mil you'd be left with after taxes could do it, which it couldn't, more homeless people would move to that state immediately

[–] [email protected] 2 points 1 year ago (1 children)

Utah managed to do it and they're doing just fine.

[–] [email protected] 3 points 1 year ago (1 children)

ok. you can afford to fund Utah's homeless problem for 1.5 years, with 500 million, which is what you'd be left with after winning the 1 Billion dollar lottery

https://utahstories.com/2022/10/the-300-million-utah-homeless-question/#:~:text=Answered%20by%20Utah's%20Foremost%20State,year%20on%20Utah's%20homeless%20services.

[–] [email protected] 1 points 1 year ago (2 children)

You can always start a foundation to keep the money flowing in. People would donate

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

Probably more cost effective to pay off local and state politicians to get tax money diverted to it.

[–] [email protected] 2 points 1 year ago

True. That's lobbying I can get behind

[–] [email protected] -4 points 1 year ago

Foundations do not exist to solve problems. They exist so their founders can profit either socially and financially off of them.