What would you do?

"Jim Fisher" wrote in message
news
"Chuck" wrote in message

Tell that to my cousin...

Your stupidity tax sure paid off for her and her family...

Let's hear thwe story, man! What'd she get?

--
Jim Fisher



She bought a scratch off in Texas and won an instant million.

She and her hubby were smart though. Paid for kids college, paid off all of
their bills and invested the rest. Didn't blow any of it from what I have
seen...

It's not the $50 million jackpot, but hey, I'd settle for a measly million!

thanks, I am going to Phoenix wednesday, gonna get me some

Tom Sixkiller wrote:

"Jeff" wrote in message
...
Is california or arizona selling tickets to this lottery?

I want to get some tickets but Nevada is not part of the lottery system
so have to fly somewhere where they do participate.


Arizona sells 'em.

Now if she would just loan me some money...

Lol - I personally know a family which was once very close - until the
grandparents won the lottery. It ended up really ruining things for them -
there was much bickering about "fairness" and the grandparents really became
paranoid about who was being sincere and just trying to get on their good
side for the money. It wasn't a pretty sight.

So at a winning yield of $200 Million, the odds are paying better than even
for a $1 bet. Seems better than house odds in a casino...



Aardvark wrote in news:GU_Hb.64573$xB5.10314
@bignews1.bellsouth.net:

EDR wrote:
Those of us with any understanding of mathmatics know that the odds of
winning are not in our favor. (On the positive side, the odds of losing
are greatly in our favor!)

Still, it is amusing to wager $1 on the chance of winning a much larger
sum with the odds of 1:11,000,000.

1:135,145,920 for the Mega Millions jackpot

Exactly - start with a large one...


(Michael) wrote in
m:

Judah wrote
I'd probably start off buying a nice little air-taxi company. This way
all this aviation stuff might actually pay me back! Plus I might
actually be able to keep some of the money that I won...

Folks, print this out and save it. It's a business plan for making a
small fortune in aviation.

Michael

in article , John Harlow at
wrote on 12/29/03 6:35 AM:

Not all of us own airplanes, you know. I'd probably start by paying
off the credit card I maxed out just getting my license.

Yikes!

It wasn't quite as bad as it sounds--the license cost me 5 grand, and about
half of that I managed to pay in cash.

What's there to understand?

1. Man A requests services from Company B.
2. Company B provides services.
3. Man A trips on a crack in the floor, or spills his coffee on himself, or
gets too fat, or is exposed to horrible odors, or gets hurt in a random,
uncontrollable event of violence.
4. Lawyer C sees an opportunity to lay full blame on Company B.
5. Man A (and Lawyer C) sues Company B for outrageous sum of money - pain &
suffering, punitive damages, etc., that far outweigh any real damage done
to Man A in the first place, because there is no downside.
6. Company B Law Team uses scare and diversion tactics to push Lawyer C to
attempt to settle for some amount of money that might have even been
appropriate, if all the lawyers were not involved.
7. Lawyer C is being paid on a contingency, so he suggests to Man A to hold
out for more money (since half of it is his anyway, again no downside).
8. Lawyer C spends more of Man A's money to counter the counter-claims of
Company B.
9. Years of real pain and suffering and emotional distress go by as the
case spends an inordinate amount of time wasting everyone's dollars - even
tax dollars in the court system as judges read thousand-page dissertations
describing every possible angle and pre-empting every possible rebuttal as
to why Company B might be responsible for the fact that Man A tripped over
himself.
10. At some point the process ends. Either a settlement or a judgement is
made. Either way, it is generally very subjective, and has evolved with so
much baggage that neither party is satisfied with the result.
11. At the end of the day, the Lawyers send their bill, and walk away with
a nice profit.
12. Man A gets less than he would have if he had just settled in the first
place, anyway, but has invested an inordinate amount of time and effort and
pain and sufferring in the process.
13. Company B has spent more money in this litigation than it ever made on
the service it offerred to Man A.

No one really protects Man A or Company B.

So along come the insurance companies.

Now, Man A pays an insurance company a few hundred or thousand dollars a
year to protect him from an injury.

Company B pays another insurance company a few hundred or thousand dollars
a year to protect them from a liability.

And then the whole process repeats itself. Nearly identically. The biggest
difference is that since the litigation is now between two insurance
companies, with better trained lawyers who still have no downside, they
each increase the claim amounts well beyond reason until the lawyers are
making so much money it is obscene. And as a result, the insurance company
Actuaries have to raise all the rates because they are losing even more
money to the lawyers and the frivolous lawsuits.

And all Man A really wanted was a free refill for the cup of coffee that he
spilled while he tripped over his shoelace on their sidewalk.


Quite frankly, the insurance system would probably work if there were a
risk to filing a frivolous action. Then actuaries would have real,
relatively forecastable numbers to work with. But lacking that, it is
impossible in the current system to protect oneself from the possibility of
being sued for absolutely no legitimate reason, and for an essentially
unlimited amount. And if you are unfortunate enough to be sued by someone
(or something) with enough money to throw away, even your insurance company
might not be able to save you. And even if they do, it costs everone money
in the long run...

Hmmm.. I wonder why there are no Lawyer HMOs...



"Tom Sixkiller" wrote in
:


"Judah" wrote in message
...
No - the point is that every dollar you spend on coverage that you
never use is wasted, and any accident that costs more than your
coverage means that all of your dollars are wasted.

Sorry. I've gotten very cynical about the whole insurance and legal
system in this country. It's a big beef of mine.

Maybe if you understood it better...or, maybe if you understood it at
all!! (based on remarks above)

So at a winning yield of $200 Million, the odds are paying better than even
for a $1 bet. Seems better than house odds in a casino...


.... but you are likely to share the jackpot, so the EV is actually smaller.

Jose

--
(for Email, make the obvious changes in my address)

I would probably keep my existing plane and upgrade it.

Wow -- a hundred million would go a long ways on your Ercoupe, Greg.

Hell, you could probably top MU-2 Mike, and gold-plate the whole danged
thing!

:-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

It wasn't quite as bad as it sounds--the license cost me 5 grand, and
about
half of that I managed to pay in cash.

That's not as bad as it sounds?

Yikes!

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"