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America´s Dangerous Powerball Economy
Wall Street Journal, by Arthur Brooks

Original Article

Posted By:Desert Fox, 12/19/2012 8:14:55 PM

What can the state lottery teach us about how to deal with the fiscal cliff? Quite a bit, actually. Last month, two families in Missouri and Arizona had their dreams come true when they shared the largest Powerball lottery jackpot in history: $587 million. "We are truly blessed," one of the winners told the press. Perhaps. People always imagine all the nice things that would happen to them if they won the lottery: They would travel more, buy a beautiful home, start a foundation or quit a tiresome job. Rarely do people say, "If I won the lottery,

      


Post Reply  

Reply 1 - Posted by: saguni, 12/19/2012 8:52:27 PM     (No. 9075291)

FTA: "You didn´t build that"—wasn´t just an inartful turn of phrase. It implied he is blind to the moral difference between what is earned and what is unearned.

He has never earned anything in his life. He lived with his bank vice president grandmother and got into an exclusive private school on scholarship, so granny didn´t pay the full ride.

We don´t know if he used "foreign aid" or "Affirmative Action" to get into college, but from observing his speech and actions, he must have gotten at least some AA help with his grades...but we aren´t allowed to know anything about his history.

He has never said a single word that indicates even a passing knowledge the hard work of earning anything...even an allowance from granny.

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Reply 2 - Posted by: balogreene, 12/19/2012 9:00:17 PM     (No. 9075300)

I took the author to say we are happier if we earn our money and things. I´m not sure I totally believe him. Most of us have worked hard, and earned what we have. If someone were to give us a few million, and we knew we could secure mom and dad´s future, we could be comfortable in our old age, our kids could get educated, and we could support a few charities, we would probably still be happy. Maybe we didn´t "earn" that few million, but we know what it is to earn our way.

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Reply 3 - Posted by: neanderthal, 12/19/2012 9:05:02 PM     (No. 9075305)

The happiness of entitlement takers does not even remotely fit into Obama´s or the liberals´ equation. What drives the equation is greed, prestige, and power. They want money for themselves. They want people to want to hear what they have to say. They want to be able to tell people what to do whether they like it or not. Happiness? Libs, and Obama particularly, don´t care about happiness (except for themselves.)

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Reply 4 - Posted by: grampstosix, 12/19/2012 9:11:57 PM     (No. 9075315)

Agree with #2 How you put new found wealth to use will matter for a lot.There have been lottery winners who squandered considerable sums of money and filed for bankruptcy within a few years of getting the money.Others have put the money to good use and probably derived much satisfaction from their efforts.The difference between the two types is character and that counts.

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Reply 5 - Posted by: reilly, 12/19/2012 9:20:27 PM     (No. 9075327)


I think the Obamas themselves are dissatisfied.. Look at the bitterness just below the surface during the campaign. You didn´t earn that. (They didn´t either.)


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Reply 6 - Posted by: Scribelus, 12/19/2012 9:25:06 PM     (No. 9075338)

Voluntary taxation of the 47 Percent.

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Reply 7 - Posted by: Fosterdad, 12/19/2012 10:39:50 PM     (No. 9075412)

True. I knew a woman who won $14 million in the lottery. Three years later she was divorced and bankrupt.

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Reply 8 - Posted by: rjc0208, 12/20/2012 1:01:55 AM     (No. 9075518)

A woman came home, announced that she had won the lottery and told her husband to pack his bags.

The husband asked if he should pack for the mountains or the beach.

The wife said, "Neither one, just pack your bags and get the Hell out!"

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Reply 9 - Posted by: ColonialAmerican1623, 12/20/2012 2:30:10 AM     (No. 9075539)

If you couldn´t handle money before winning the lottery, you won´t be able to afterwards.

Why there are never stories about those those won the lottery, lived very well and helped good causes ? We had one in this area.

Any figures on just how many dollars richer the gov is from so many big winners in the past ten years ?

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Reply 10 - Posted by: Charactercounts, 12/20/2012 3:31:27 AM     (No. 9075557)

Agree, #1. Obama hardly gives the impression of the self-made man.

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