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So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
THREAD:
Good afternoon, followers of frivolous election litigation. There's a last-minute entry in the competition for dumbest pre-inauguration lawsuit - a totally loony effort to apparently leave the entire USA without a government.
We'll start with the complaint in a minute.
But first, I want to give you a quick explanation for why I'm going to keep talking about these cases even after the inauguration.
They're part of an ongoing effort - one that's not well-coordinated but is widespread - to discredit our fundamental system of government.
It's a direct descendent, in more ways than one, of birtherism. And here's the thing about birtherism. It might have been a joke to a lot of people, but it was extremely pernicious. It obviously validated the racist "not good enough to be President" crowd. But that wasn't all.
Don't get me wrong, that was bad enough. Validating racism helped put the kind of shitbird who would tweet this from an official government account into power. But it didn't stop
(Also, if you agree with Pompeo about multiculturalism - the legendary melting pot - not being what this country is all about, you need to stop following me now. And maybe go somewhere and think about your life choices and what made you such a tool.)
Good afternoon, followers of frivolous election litigation. There's a last-minute entry in the competition for dumbest pre-inauguration lawsuit - a totally loony effort to apparently leave the entire USA without a government.
We'll start with the complaint in a minute.
But first, I want to give you a quick explanation for why I'm going to keep talking about these cases even after the inauguration.
They're part of an ongoing effort - one that's not well-coordinated but is widespread - to discredit our fundamental system of government.
It's a direct descendent, in more ways than one, of birtherism. And here's the thing about birtherism. It might have been a joke to a lot of people, but it was extremely pernicious. It obviously validated the racist "not good enough to be President" crowd. But that wasn't all.
Don't get me wrong, that was bad enough. Validating racism helped put the kind of shitbird who would tweet this from an official government account into power. But it didn't stop
Woke-ism, multiculturalism, all the -isms \u2014 they're not who America is. They distort our glorious founding and what this country is all about. Our enemies stoke these divisions because they know they make us weaker. pic.twitter.com/Mu97xCgxfS
— Secretary Pompeo (@SecPompeo) January 19, 2021
(Also, if you agree with Pompeo about multiculturalism - the legendary melting pot - not being what this country is all about, you need to stop following me now. And maybe go somewhere and think about your life choices and what made you such a tool.)
Hong Kong protester equipment list:
- respirator (dubbed "pig snouts" in Cantonese)
- helmet
- eye mask
- heat-proof gloves
- water bottle
- cling wrap
- saline
- traffic cones
- pots and pans
Demonstrators find creative methods to battle police tear gas
https://t.co/kPeUTu9iFh
AFP graphic charting Hong Kong's main socio-economic indicators and opinion polls on press freedom and government performance
@AFPgraphics
AFP graphic showing the main equipment used by hardcore pro-democracy protesters in Hong Kong to battle police tear gas, pepper spray and rubber bullets
@AFPgraphics
Frontline first aid.
Nurses, doctors, medical students and ordinary citizens with first aid training have clamoured to join a small volunteer corps helping treat people involved in the Hong Kong protests
@AFP's Yan Zhao reports: https://t.co/uDfYkMeZJf
📸 Anthony Wallace
Pro-democracy activists kick off three days of rallies at Hong Kong airport.
Protesters hope to win international support from arriving passengers. The last demonstration at the airport on July 26 passed off peacefully without causing flight disruptions
https://t.co/jmVqtEd4M2
- respirator (dubbed "pig snouts" in Cantonese)
- helmet
- eye mask
- heat-proof gloves
- water bottle
- cling wrap
- saline
- traffic cones
- pots and pans
Demonstrators find creative methods to battle police tear gas
https://t.co/kPeUTu9iFh
AFP graphic charting Hong Kong's main socio-economic indicators and opinion polls on press freedom and government performance
@AFPgraphics
AFP graphic showing the main equipment used by hardcore pro-democracy protesters in Hong Kong to battle police tear gas, pepper spray and rubber bullets
@AFPgraphics
Frontline first aid.
Nurses, doctors, medical students and ordinary citizens with first aid training have clamoured to join a small volunteer corps helping treat people involved in the Hong Kong protests
@AFP's Yan Zhao reports: https://t.co/uDfYkMeZJf
📸 Anthony Wallace
Pro-democracy activists kick off three days of rallies at Hong Kong airport.
Protesters hope to win international support from arriving passengers. The last demonstration at the airport on July 26 passed off peacefully without causing flight disruptions
https://t.co/jmVqtEd4M2