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A fool and their new money (Vanity...sort of)
jamaicanforum ^ | 10/4/2010 | Domeika

Posted on 10/04/2010 3:13:42 PM PDT by domeika

Edited on 10/04/2010 4:51:45 PM PDT by Admin Moderator. [history]

ST. LOUIS - For eight years, Janite Lee lived the good life.

She moved into a gated community in Town and Country. She dined with world leaders. She had a reading room at Washington University's law school named for her.


(Excerpt) Read more at jamaicanforum.com ...


TOPICS: Miscellaneous; Society
KEYWORDS: democrat; idiot; moonbat; moron
The wife and I were talking about the lottery, and some examples (as in bad examples) of people who hit it big, just to ultimately crash and burn later. I did a search and came across this story, and what caught my eye was that it said she gave heavily to politics.....okay, I'll bite, and I'd bet my eye-teeth this person is a democrat. Needless to say, I still have my teeth, which is probably more than this moobat has left. So, in case anyone ever wonders just where in the hell the democrats find moonbats with money to fund their sick sorry a$$es, this is a glimpse into it. She didn't give it all to politics, but she certainly gave too much. The laughable part is that after this woman started giving, the vampire rats were beating down her door. I wonder if the party of compassion gives her a call now and then just to see how she's doing? Nah, that host is a dried out husk. Time to move on to the next victim. However, even though this idiot won a huge chunk and then lost it all through multiple acts of stupidity, I'd bet her politics have not changed. I'd bet she still wants to "give", and as a true democrat, the money doesn't neccesarily have to belong to her....your's and mine will do just fine.

All I can really say is that by her being bankrupt, that's at least one source of funds the rats can't tap anymore.

I also have to include that I don't have enough middle fingers to let a person like that know how truly sorry I am for them.

1 posted on 10/04/2010 3:13:49 PM PDT by domeika
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To: domeika

18 million is well over the amount needed to live a normal person standard of living for the rest of your life, on the interest alone, and never work again.

No sympathy for these lottery winning idiots.


2 posted on 10/04/2010 3:16:33 PM PDT by Domandred (Fdisk, format, and reinstall the entire .gov system.)
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To: Domandred

She won 18 million, but she didn’t get 18 million.
Taxes and a lump sum payment takes it down quite
a bit, nonetheless, it’s still a lot of money,
not if you spend as if it’s growing on trees, though.


3 posted on 10/04/2010 3:33:32 PM PDT by psjones (u)
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To: domeika

It you win $18 million, you get about 60% if you take a lump sum and pay 40-45% in tax. They therefore should have received about $6.6 million or so.

If you invest that at 4%, which is not difficult if you are willing to take some risks, your lifetime income is $264K a year plus capital gains, without touching the principal.

But people who think like that don’t play the lottery....


4 posted on 10/04/2010 3:35:24 PM PDT by proxy_user
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To: domeika
Until she files documents related to her finances, it is unclear exactly how she fell into insolvency.

Stupidity sounds like the real cause and an absolute failure in doing the simple math required in order to figure out you are spending money faster than you are making it, kinda like the US government.

5 posted on 10/04/2010 3:36:39 PM PDT by calex59
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To: domeika
I met a lottery winner once. She was a single mom with a teenage son, and she was "rich" when she joined our country club.

A couple of years later she left our club. I asked about her and was told that she was "broke".

I understand this happens with a lot of lottery winners.

6 posted on 10/04/2010 3:46:01 PM PDT by 3niner (When Obama succeeds, America fails.)
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To: 3niner
Remember this guy from West Virginia who won the 300 mill. powerball? His face says it all.
7 posted on 10/04/2010 4:01:16 PM PDT by boop ("Let's just say they'll be satisfied with LESS"... Ming the Merciless)
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To: 3niner

People rise or fall to the income levels that they are used to. Just review some of the cases of lottery winners from lower income levels. Nearly all blow thru it in a few years, returning to the income level that is normal to them.


8 posted on 10/04/2010 4:02:39 PM PDT by jrg
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To: domeika

One of the worst curses a person can have is winning the lottery.


9 posted on 10/04/2010 4:06:09 PM PDT by FourPeas (Pester not the geek, for the electrons are his friends.)
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To: boop
Are you saying he spent or lost it all? Of course a $300M win ends up being more like $100M in your pocket, after the lump sum payout discount, and taxes, but still...

It reminds me of something someone said to me in the '80s, "The lottery is a tax on the poor." I responded with, "No, it's a tax on the stupid, but stupid people are often poor."

10 posted on 10/04/2010 4:22:18 PM PDT by 3niner (When Obama succeeds, America fails.)
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To: domeika

I have a theory that money magnifies what is already in
your life - habits, discipline, character - for good or
for bad...


11 posted on 10/04/2010 4:37:08 PM PDT by aMorePerfectUnion
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To: 3niner

Smart people can be poor but they usually don’t stay that way.


12 posted on 10/04/2010 6:09:28 PM PDT by seowulf ("If you write a whole line of zeroes, it's still---nothing"...Kira Alexandrovna Argounova)
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To: boop; FourPeas; domeika

>>> Remember this guy from West Virginia who won the 300 mill. powerball? His face says it all

This case was not the average poor-person lottery winner burnout. He was a successful businessman to begin with, not superrich but probably a millionaire in his own right. Well liked and respected in his community.

With the powerball money he was over-generous. His own family, the church, the poor, etc found a soft touch. And the more he gave the more they demanded. They wore him down. I’ve seen his pastor interviewed, they sure miss that checkbook.

It was capped off by giving his beloved young grand-daughter free money, cars, etc. She and her leech friends used this largess for drugs and parties, until she killed herself in an overdose. This pretty much destroyed him.

I’ve pretty much concluded the only chance a big lottery winner has of survival is to be the SOB who says “no”. And be willing to shed the “friends” and worthy causes who demand you buy their love and respect.


13 posted on 10/04/2010 8:07:45 PM PDT by tlb
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