If you won 1 million on the lottery, what would you spend it on? - Contractor UK Bulletin Board

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AtW

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#81

8 February 2008, 16:24

Originally posted by Moscow Mule View Post

Clever AtW you're absolutely right.

Also - tax posts on CUK! One penny a dozen
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#82

8 February 2008, 17:34

Originally posted by hyperD View Post

This house is virtually next door to my parents!! I've seen this!

Is it nice?

I've had my eye on it.

It has been on the market for yonks.

I think they are in trouble.

It was originally on for £2.3m

£650k off - now £1.65m

That's a whole detached house in Surrey.
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#83

8 February 2008, 17:38

Originally posted by dude69 View Post

Is it nice?

I've had my eye on it.

It has been on the market for yonks.

I think they are in trouble.

It was originally on for £2.3m

£650k off - now £1.65m

That's a whole detached house in Surrey.

I'll see if I can have a look tomorrow for you...

If you think my attitude stinks, you should smell my fingers.
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Diver

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#84

8 February 2008, 18:52

If you won 1 million on the lottery, what would you spend it on?

I'd put it with the others of course.

Confusion is a natural state of being
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#85

8 February 2008, 19:46

Originally posted by AtW View Post

You got me. I don't play lotteries and only know about £1 UK lottery by chance. Personally I'd say I'd be gutted to win a million because I would not have made it fair and square, so I am not playing lotteries - it would be a big spoiler if I won

No-one makes it 'fair and square'. If someone has a natural aptitude for business and making money then how is that 'fair'? They were born with a genetic make up that means they are motivated and happen to have the intellectual capacity to achieve what is required. Also their background and history has an inspiring affect in many cases. A lot of self made people had a parent die early on in their childhood, for example. That was not down to them, but it spurred them on to be succesful (in the common definition of success).

Starting out with some money in your pocket is a small part of the jigsaw. The fact that you Atw have spent 3 years on your scheme places you in the 'motivated' camp. This is because you are predisposed to be like this, most likely through a combination of your genetic make up and your childhood. Other people who don't share your genetic make up and childhood will be unsuccesful, technically through no fault of their own. Sure you work hard on it, which will make any success appear 'deserved' to you, but ask why you are doing it at all... it's because you simply couldn't not do it. You aren't built that way. You have no free will!

There is no fair, there is no deserved. There is only doing what you simply couldn't not do.
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AtW

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#86

8 February 2008, 19:49

Originally posted by shoes View Post

There is no fair, there is no deserved.

Some things are more deserved than not: win in a lottery by definition is luck, and not the kind of luck that is deserved by hard work or something like that. Therefore having no tax on winnings of that kind while taxing like heck everything else is wrong, end of story.
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#87

8 February 2008, 20:00

Originally posted by TheFaQQer View Post

£1 million - pay off the house, buy another car (always wanted a Landrover defender), take some more time off, retrain in something I might enjoy, and take it a bit easier.

£95 million - give at least £50million away or setup The FaQQer Benevolent Trust or something to do it for me. Move, buy lots of houses and travel the world forever, wife and kids in tow.

I have a vision of you drinking champagne on the deck of your luxury yacht, while your wife and kids are towed behind on one of those barges they use to ship garbage out of Manhattan
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#88

8 February 2008, 20:03

Tax the lucky - make everybody else a little bit happier!

Are you sure you're not still a commie AtW?

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#89

8 February 2008, 20:11

Originally posted by ThomasSoerensen View Post

SO last time she asked me to enjoy this game with her I just told her that if I won the lottery for a good size prize I would simply vanish from her life. She would never see me again. This has disappointed her to the level that she has not asked me to this game since. Mission accomplished.

If I tried that line I can see that Mrs Gonzo would double her spend on tickets each week.
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AtW

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#90

8 February 2008, 20:14

Originally posted by Moscow Mule View Post

Are you sure you're not still a commie AtW?

No. What taxes have got to do with communism? There are very few taxes under communism actually, something that you are probably not aware of?

Taxation as we know it is the invention of the West.

I state categorically that taxation should encourage development into good direction that benefits society long term. What is the benefit to society when people win huge amounts of money tax free? If you win a million in lottery be grateful that you are lucky to get 60% of it, I think 40% tax would be totally appropriate in this case.

Perhaps by introducing this tax it would be possible to reduce some of the taxes in general taxation, but in principle the message should be simple - you have to work hard to produce something of the benefit to society, and this can be encouraged by big payout with small tax, winning in a gamble is only giving people false hopes.
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