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What a rip-off!

That's just in! Some good news! Here is what the Associated Press brought on Friday, June 5th, 2009.

"A rancher struggling to eke out a living in one of the poorest corners of America claimed one of the biggest undivided jackpots in U.S. lottery history Friday - $232 million - after buying the ticket in a town by the name of Winner.

Neal Wanless, 23, said he intends to buy himself more room to roam and repay the kindness other townspeople have shown his family."

Wow! Just wow! What a lucky man. Really good news. Or so I thought.

But then I read this: "He will take home a lump sum of $88.5 million after taxes are deducted."

No kidding! In other words, after taxes he is poor again! So where is this good news, again? Okay, I get it. The guy is only 23 years old, so unless the government robs him again, he still has plenty of time to get rich. And I wish him all the best in this endeavor. Unlike the government...

But who really needs the government to do well. Certainly not those who trade KING.

 

 

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