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Re: the government wastes $1.2b on Powerball

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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 06:57 PM
When they could be spending it sorting out the flawed global economy or helping starving people in third world countries.
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Vineshroom is not online. Vineshroom
Joined: 25 Apr 2009
Total Posts: 76152
13 Jan 2016 06:58 PM
You need to understand how much more profit they make by all of the ticket sales
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Dreamlike is not online. Dreamlike
Joined: 29 Feb 2012
Total Posts: 16147
13 Jan 2016 06:58 PM
*SIGH*
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ChatbotV1 is not online. ChatbotV1
Joined: 15 Jul 2012
Total Posts: 3091
13 Jan 2016 06:58 PM
what toy said
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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 06:58 PM
Pretty sure the ticket sales won't add up to more than a billion.
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Nivakiran is not online. Nivakiran
Joined: 12 Jun 2013
Total Posts: 143
13 Jan 2016 06:59 PM
You think a capitalist society would ever spend that much money on foreign aid?
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CatBoy1235 is not online. CatBoy1235
Joined: 08 Jul 2010
Total Posts: 74634
13 Jan 2016 06:59 PM
They do have taxes on the winning money
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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 07:00 PM
@Niva
Doesn't have to be foreign aid, they could be spending it on sorting out their own god damn economy and helping homeless people, etc.
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ChillyFugitive2 is not online. ChillyFugitive2
Joined: 15 Jan 2010
Total Posts: 2306
13 Jan 2016 07:00 PM
That's not how the lottery works...
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blockzbuilderz is not online. blockzbuilderz
Joined: 19 Jul 2014
Total Posts: 3951
13 Jan 2016 07:00 PM
why spend it on others countries when the US is trillions of dollars in debt.


http://www.roblox.com/Who-are-you-calling-pinhead-item?id=18603665
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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 07:01 PM
Exactly @block
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Vineshroom is not online. Vineshroom
Joined: 25 Apr 2009
Total Posts: 76152
13 Jan 2016 07:02 PM
"Pretty sure the ticket sales won't add up to more than a billion."
Let's say that each powerball ticket costs $2. Divide 1.2 billion by 2. That's 600 million. There are easily over 600 million sales.
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chiiprincess is not online. chiiprincess
Joined: 18 May 2008
Total Posts: 4906
13 Jan 2016 07:02 PM
"Doesn't have to be foreign aid, they could be spending it on sorting out their own god damn economy and helping homeless people, etc."


Do you really trust the us government to have the best intention for its citizens






This isn't 2007
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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 07:03 PM
Yes but, that's only over the amount you said. That's still a far amount from even hitting 1 billion.
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Dreamlike is not online. Dreamlike
Joined: 29 Feb 2012
Total Posts: 16147
13 Jan 2016 07:05 PM
There were a ton of sales for the 900 million and no one won so it was redone
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Vineshroom is not online. Vineshroom
Joined: 25 Apr 2009
Total Posts: 76152
13 Jan 2016 07:08 PM
"Yes but, that's only over the amount you said. That's still a far amount from even hitting 1 billion."
In my example, it has hit 1 billion. Do you not know basic math?
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EpicSnack3 is not online. EpicSnack3
Joined: 06 May 2011
Total Posts: 12141
13 Jan 2016 07:10 PM
"Pretty sure the ticket sales won't add up to more than a billion."

for this powerball tickets have sold up to around 2 billion so far


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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 07:10 PM
Considering you never mentioned 1 billion in your explanation, it wasn't clear enough. But for $1.5bil, there is a 0% chance for profit. This is basically equivalent of throwing money out a window.
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Vineshroom is not online. Vineshroom
Joined: 25 Apr 2009
Total Posts: 76152
13 Jan 2016 07:12 PM
"Considering you never mentioned 1 billion in your explanation, it wasn't clear enough."
Did you seriously not read it, just skim for "1 billion"? I expected better for you.
600 million x 2 = 1.2 billion. Simple math. Since there are lots of rich people investing in thousands of them, that adds to the large amounts of sales.
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Dreamlike is not online. Dreamlike
Joined: 29 Feb 2012
Total Posts: 16147
13 Jan 2016 07:12 PM
Tickets expire if no one wins, so the amount of money gained from the old powerball drawling stays the same pretty much
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ToySackboyLBP2Alt is not online. ToySackboyLBP2Alt
Joined: 02 Jan 2016
Total Posts: 1856
13 Jan 2016 07:13 PM
Ah. My apologies, I must of skipped that part.
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Xuborus is not online. Xuborus
Joined: 19 Dec 2011
Total Posts: 10437
13 Jan 2016 07:14 PM
facepalm: the thread
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