If you win powerball, are you in 1%?

[Tero]

https://www.washingtonpost.com/news/mor ... 46f24e7c7a

If you won, what would you do? How would you prevent being murdered?

[Tero]

One winning Powerball ticket for $758.7 million jackpot sold in Massachusetts.

How Much Wealth and Income Does America’s 1 Percent Really Have?
https://www.theatlantic.com/business/ar ... nt/473478/
Families in the bottom 99 percent are often split into
multiple tax units, but a tax unit in the top 1 percent is almost always a family. Counting the top
1 percent (1.61 million) of tax units, then, effectively includes more observations than counting
the top 1 percent (1.22 million) of families in a survey
BUT

In very general terms, the
top four strata in any given year, made up of roughly 1,000 SCF families, effectively represents
the top 1 percent of all families.
Bla bla bla
Financial talk with no NUMBER

WIKI
The article "America's Financial Divide" added context to racial wealth inequality stating "...nearly 96.1 percent of the 1.2 million households in the top one percent by income were white, a total of about 1,150,000 households. In addition, these families were found to have a median net asset worth of $8.3 million dollars. In stark contrast, in the same piece black households were shown as a mere 1.4 percent of the top one percent by income, that's only 16,800 homes. In addition, their median net asset worth was just $1.2 million dollars.

[pErvinalia]

If I won $700 million, after paying 40% or thereabouts tax on it, I"d have $420 million left. I could easily give away $400 million of that. $20 million would be more than enough for me to do what I want to do for the rest of my life.

[Tero]

But the people trying to get you to give them 400 million would kill each other! Money is always evil! You would need to be a secret benefactor to completely separate groups, maybe in separate countries.

[Rum]

Big lottery winners often seem to come to a sticky end. It seems to end in tears for many.

Paradoxically a big win increases your chances of bankruptcy!

This, among many articles on the subject: http://time.com/4176128/powerball-jackp ... y-winners/

[Scot Dutchy]

Ridiculous lotteries like this have no purpose. Just make people greedy. Prizes should be limited and the money split into many more prizes.

[Sean Hayden]

I'm going to cry Scot.

It's a lottery, it's a way to exchange money. You give them a five, and they give you a dollar. -pretty cool right?

[Jason]

I'd hire a private security company to escort me and my family to Switzerland where I could live like a normal person with my nearly 1 billion dollars.

[laklak]

I'd pretend it was a syndicate and split it with 759 other people.

[Tero]

Ridiculous lotteries like this have no purpose. Just make people greedy. Prizes should be limited and the money split into many more prizes.

Socialism!!

[Brian Peacock]

I'm already in the top 20%. I can live without those extra 19 percentage points.

[Svartalf]

that thing is very funny, but given the expense of creature comforts in a developed country, I definitely could do with more euro than I actually get.

[Rum]

Apparently I'm the 17,510,911th richest person on the planet - and that is in retirement!

[Svartalf]

Well, I'm in the top 15% and that is as a virtual pauper.

[pErvinalia]

Ridiculous lotteries like this have no purpose. Just make people greedy. Prizes should be limited and the money split into many more prizes.

Socialism!!