SUMMARY:
A group of co-workers recently went in on the Powerball and pooled their money together. One of the tickets they collectively bought won and was worth 50,000 dollars. They have split the money equally and after taxes were taken out each worker received somewhere around $1500. They were all able to take a vacation down to Salem to pick up their winnings.
ANALYSIS:
(This sounds fantastic and amazing, I hope someday my coworkers are that cool.) The lottery reminds me of the Gold vs. Silver standard because, with the silver standard there would have been more money immediately available but after a while that money would lose value. The lottery does this as well, if you win you see this amazingly large number that fools you. After taxes are taken out, this awesome number drops and leaves you with something much smaller than what you had in the beginning. Don't be fooled. (wow that took a cynical turn)
http://www.kptv.com/story/31051360/23-co-workers-in-milwaukie-split-50k-powerball-prize
I like your comparison to the Gold vs. Silver standard that the populist party fought for!
ReplyDeleteThis also reminds me of the election of Taft as president. The progressives thought they were getting president that supported all of their progressive ideas, but once he was president, he wasn't as progressive as they thought he would be. I guess progressiveness corresponds with the supposed lotto money.
ReplyDelete-Tristan Spohn
Brenna Hale(6th period)
ReplyDeleteI never would have thought to connect the Powerball to the Gold-Silver standard. Your little comments here and there gave this analysis lots of character, I even read it in your voice.
Katie Schell (flex)
ReplyDeleteIt's dumb things like this that can leave a person broke. I feel like all of the money being spent on lottery tickets heavily outweighs the money you could potential win.