Talk of The Villages Florida - View Single Post - Comparing $1 Million, Billion, Trillion - Wow
Thread: Comparing $1 Million, Billion, Trillion - Wow
View Single Post
 
Old 11-12-2021, 09:12 AM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 17,592
Thanks: 3,085
Thanked 16,752 Times in 6,632 Posts
Default
Quote:
Originally Posted by DAVES View Post
When you talk money your rarely get the truth. Years ago a friend told me his son in law won the lottery. Making it simple but close to reality. There were ten guys who pooled their money and bought lottery tickets. They WON 20 million dollars. So simple math, 2 million each. SURPRISE the fine print, it is a 20 year payout and they take out the taxes before you ever get the money. Since it was a pool, it was decided to take immediate payout so it was not 2 million. Truth, I do not know. No my son in law. I was told his son in law received less than one hundred thousand on a 2 million dollar win.

Imagine the phone calls. I've been meaning to call you since third grade. You remember I let you copy my homework. I saw you won the lottery. I am having some financial trouble you have gotten sooo much could you lend me $$$$$$$$. Of course I do not intend to pay you back.
The truth is that lotteries are probably the most egregious violators of the FTC rules for deceptive advertising. But, the FTC does a terrible job of enforcing their deceptive advertising rules against all companies. My favorite deceptive advertisements are the ones that claim something is "free" when it is not free.