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originally posted by: Azureblue
a reply to: M4nWithNoN4me
Dunno how the it works in the US but I for one favor more numerous much smaller wins. The history of lotto winners is not impressive. Most return to a financial status that more closely resembles their pre-win financial status. People who are accustomed to being in debt and trying to put a roof over their heads and food on the table are just not equipped to manage huge sums of money.
I would much rather see lotto, power ball winnings limited to be a big flash house, a roller or two, elite universities for their kids, business class holidays to exotic locations by the score, a villa in another country and a 7 figure income for life both partners plus a six figure income for kids until they are 50 years of age.
Only billionaires and near billionaires are capable of managing money consisting of hundreds of millions of dollars.