ChasNicollette
Allons-y Means Let's Go.
- Joined
- Nov 1, 2007
- Posts
- 16,135
Kiz, about the lottery thing-- I'm not sure what you were going for so I'm clarifying, I'm not wanting to kerfuffle you--
--unless I misremember, I think that the standard policy with multiple lottery winners is that the winnings are divided between the winners rather than the same amount being given out multiple times. So the Powerball people wouldn't have to give out ten thousand billion dollars, a billion each to the ten thousand winners, but split the billion between the ten thousand.
So people are rioting because they're not getting the billion dollars that they thought they should have won, but because they're getting a comparatively minuscule fraction of that billion, is that right?
...and the lottery company may still go bankrupt depending on their financial management, because even though they don't have to pay out ten thousand billion dollars, they're still paying out the whole billion all at once split between all these ten thousand people. They don't get the option to pay it out over a lifetime of annuity payments or in a significantly-reduced single lump sum. ...am I getting that correct?
Either way, the street-level NYPD is left dealing with a big ol' bunch of angry people who got shortchanged out of riches in a sluggish economy, and a lottery company whose cupboards are suddenly a lot barer than they'd like.
--unless I misremember, I think that the standard policy with multiple lottery winners is that the winnings are divided between the winners rather than the same amount being given out multiple times. So the Powerball people wouldn't have to give out ten thousand billion dollars, a billion each to the ten thousand winners, but split the billion between the ten thousand.
So people are rioting because they're not getting the billion dollars that they thought they should have won, but because they're getting a comparatively minuscule fraction of that billion, is that right?
...and the lottery company may still go bankrupt depending on their financial management, because even though they don't have to pay out ten thousand billion dollars, they're still paying out the whole billion all at once split between all these ten thousand people. They don't get the option to pay it out over a lifetime of annuity payments or in a significantly-reduced single lump sum. ...am I getting that correct?
Either way, the street-level NYPD is left dealing with a big ol' bunch of angry people who got shortchanged out of riches in a sluggish economy, and a lottery company whose cupboards are suddenly a lot barer than they'd like.
