"I sought the Lord, and he answered me and delivered me from all my fears, except coronavirus. Those who look to him are radiant, and their faces shall never be ashamed, though they shall be covered.” Psalm 34:4–5. COVID trans.
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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/
Imagine if Christians actually had to live according to their Bibles.
Imagine if Christians actually sacrificed themselves for the good of those they considered their enemies, with no thought of any recompense or reward, but only to honor the essential humanity of all people.
Imagine if Christians sold all their possessions and gave it to the poor.
Imagine if they relentlessly stood up for the widow, the orphan, and the foreigner.
Imagine if they worshipped a God whose response to political power was to reject it.
Or cancelled all debt owed them?
Imagine if the primary orientation of Christians was what others needed, not what they deserved.
Imagine Christians with no interest in protecting what they had.
Imagine Christians who made room for other beliefs, and honored the truths they found there.
Imagine Christians who saved their forgiveness and mercy for others, rather than saving it for themselves.
Whose empathy went first to the abused, not the abuser.
Who didn't see tax as theft; who didn't need to control distribution of public good to the deserving.
"If they start canceling these American presidents, they're gonna come after Bible characters next. Mark my words" -- Fox News "news side" host Bill Hemmer pic.twitter.com/qTPV0NERv8
— Aaron Rupar (@atrupar) February 19, 2021
Imagine if Christians actually sacrificed themselves for the good of those they considered their enemies, with no thought of any recompense or reward, but only to honor the essential humanity of all people.
Imagine if Christians sold all their possessions and gave it to the poor.
Imagine if they relentlessly stood up for the widow, the orphan, and the foreigner.
Imagine if they worshipped a God whose response to political power was to reject it.
Or cancelled all debt owed them?
Imagine if the primary orientation of Christians was what others needed, not what they deserved.
Imagine Christians with no interest in protecting what they had.
Imagine Christians who made room for other beliefs, and honored the truths they found there.
Imagine Christians who saved their forgiveness and mercy for others, rather than saving it for themselves.
Whose empathy went first to the abused, not the abuser.
Who didn't see tax as theft; who didn't need to control distribution of public good to the deserving.
It is simply not correct to point fingers at wind & solar energy as we try to understand the situation in TX. The system (almost) had a plan for weather (almost) like this. 1/x
It relied on very little wind energy - that was the plan. It relied on a lot of natural gas - that was the plan. It relied on all of its nuclear energy - that was the plan. 2/x
There was enough natural gas, coal and nuclear capacity installed to survive this event - it was NOT "forced out" by the wind energy expansion. It was there. 3/x
Wind, natural gas, coal and nuclear plants all failed to deliver on their expectations for long periods of time. The biggest gap was in natural gas! The generators were there, but they were not able to deliver. 4/x
It may be fair to ask why there is so much wind energy in ERCOT if we do NOT expect it to deliver during weather events like this, but that is an entirely different question - and one with a lot of great answers!! 5/x
Conservatives are using the Texas power chaos to argue against climate policy even as fossil-generated power outages dwarf the amount of renewables knocked offline during the historic deep freeze. President Biden and progressives have been slow to respond.https://t.co/UajKhptEAU
— E&E News (@EENewsUpdates) February 17, 2021
It relied on very little wind energy - that was the plan. It relied on a lot of natural gas - that was the plan. It relied on all of its nuclear energy - that was the plan. 2/x
There was enough natural gas, coal and nuclear capacity installed to survive this event - it was NOT "forced out" by the wind energy expansion. It was there. 3/x
Wind, natural gas, coal and nuclear plants all failed to deliver on their expectations for long periods of time. The biggest gap was in natural gas! The generators were there, but they were not able to deliver. 4/x
It may be fair to ask why there is so much wind energy in ERCOT if we do NOT expect it to deliver during weather events like this, but that is an entirely different question - and one with a lot of great answers!! 5/x
