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[VaultNetwork.net] Vault Network Boards » Archive » Outpost » When the lottery gets up to $100 million 5 times as many people play as when it's $5 million

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Author	Topic: When the lottery gets up to $100 million 5 times as many people play as when it's $5 million [Locked]
Crooq_Lionfang Title: Master Zergling Posts: 185 Registered: 2003-3-11 11:53:17	Date Posted: 1/1/00 12:00am Subject: When the lottery gets up to $100 million 5 times as many people play as when it's $5 million
	paulg_68 posted: Tons of people and companies are sitting on large cash reserves right now. Why aren't they investing? By your logic, no one should ever sit on their money regardless of what the tax rates are. And yet they are sitting. Explain. Why invest the money you have and be able to deduct it from your taxable income when taxes on said income are historically low that there will never be a better time to sit on it? -----signature----- If you have one foot in tomorrow and one foot in yesterday all you're going to do is piss on today
silvadel2 Posts: 378 Registered: 2009-7-13 09:37:29	Date Posted: 1/1/00 12:00am Subject: When the lottery gets up to $100 million 5 times as many people play as when it's $5 million
	Actually -- no -- the reason is how they set up the odds. I know if the odds are 100 million to one to win the lottery, I am much more likely to buy a lottery ticket when the jackpot is up to 175 million than when it starts off at 5 million. It is just common sense. The value of the lottery ticket changes with how much money is in the pot. If it were not for the people who play religiously, it would crank to a halt whenever it reset. ----- Thing is I do not NEED 100 million and am much happier joining a pool of 20 people when the lottery goes up to that 1.7 times the odds amount. -----signature----- Lost postcount 17k; Lost years 9.6; Lost Title: Priceless The most expensive things in life are free Asheron's Call 3 // Horizons 2 -- Dragons of Dereth (one can always hope) 1920x1200 is a Monitor. 1920x1080 is a TV without a tuner.
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[VaultNetwork.net] Vault Network Boards » Archive » Outpost » When the lottery gets up to $100 million 5 times as many people play as when it's $5 million

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