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Thursday, September 19, 2013

Individual Wins $400 Million Jackpot: Life Almost Certainly Ruined

What Happens To Lottery Winners
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“How many people ruin themselves by laying out money on trinkets of frivolous utility? What pleases these lovers of toys is not so much the utility, as the aptness of the machines which are fitted to promote it. All their pockets are stuffed with little conveniences. They contrive new pockets, unknown in the clothes of other people, in order to carry a greater number. They walk about loaded with a multitude of baubles, in weight and sometimes in value not inferior to an ordinary Jew's-box, some of which may sometimes be of some little use, but all of which might at all times be very well spared, and of which the whole utility is certainly not worth the fatigue of bearing the burden.” 
― Adam SmithThe Theory of Moral Sentiments


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Chesterton's View Of The Rich

http://paxonbothhouses.blogspot.com/2013/09/chesterton-considered-rich-oppressive.html
http://paxonbothhouses.blogspot.com/2013/09/chesterton-road-to-wisdom.html

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Emerson: "Our Riches Will Leave Us Sick"
http://paxonbothhouses.blogspot.com/2013/09/ralph-waldo-emerson-our-riches-will.html

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Miguel de Unamuno: The Danger Of External Riches Without Tolerance And Broad Spiritual Understanding.
http://paxonbothhouses.blogspot.com/2013/09/miguel-de-unamuno-without-free-and.html

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Happiness In America: Your Number Comes Up.... And No One Else's Does.
A single winning Powerball ticket, worth a whopping $400 million, was sold after 11 winner-less draws since Aug. 10, lottery officials announced Thursday.
The winner, who bought the ticket in South Carolina, had an estimated 1 in 175 million chance of hitting the jackpot. The ticket holder can now claim an annuity valued at $400 million or a lump sum of $223 million—which will come to about $134 million after taxes, NBC News reports.
The identity of the winner was still unknown when lottery officials held a morning press conference at the Lexington, S.C., store where the ticket was purchased. Officials advised the winner to “sign the back of the ticket, put it in a safe location, seek financial or legal advice from a trusted source, and then come forward to claim the ticket.”
In August, a $448 million prize was awarded to three ticket holders, including a group of 16 county employees. The biggest winnings in history—$590 million—were awarded to an 84-year-old Florida widow in May.

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