BC SOCIETY
Saved by @jacobhtml

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/
Step 5. Give foundation jobs to friends/family you want to reward.
6. Get your kids/grandkids on your board eventually.

Voila! You have created an institution that will provide your family with comfortable salaries and massive social privilege -- indefinitely! 6/
A $1.6B-asset foundation would instantly be among the country's top 75 foundations. Foundations are (generally) required to give away at least 5% each year -- this is an $80 million annual payout. Little secret: this payout can include your administrative expenses. 7/
Now to salaries. Per 990 filings, it is very reasonable to pay the CEO of a $1.6B foundation as much as $1 million. You can live well on a million bucks for life, plus the social prestige of running a large and generous charity. 8/
Top executives can pull down $700-800k. Your hangers-on can easily justify $200-300K salaries as program directors.

Don't go crazy -- you don't want to attract IRS/AG attention. Benchmark to peers but honestly you can pay yourself and your staff a lot. 9/
This overhead will still be a tiny portion of an $80M annual payout. Think of how many people will be trying to get a piece of that. You will be inundated with invitations to parties, to speak at events, to get honorary degrees. Say no or yes as you like. 10/
As a friend says who now works for a family foundation, "I'll never tell an unfunny joke again." When you work for a big foundation -- and especially, run a big foundation -- you can call anyone you like and get a meeting with anyone you want. 11/
Colleges will court your kids, all in hopes of getting access to grants. They can work outside the foundation if they want, but your kids will always have the fallback of working for the foundation. It will always be there to support the family and its privilege. 12/
I always chuckle at the thought that Warren Buffett didn't spoil his kids. (https://t.co/PKJFCq4h3s) He gave each of them a billion-dollar foundation! They are set for life! (Howard Buffett is a genuinely interesting philanthropist, I'll add. 13/
Please don't read this to suggest that I am opposed to private foundations. I think they're a great vehicle and an important part of the fabric of American civil society. I just think we should be aware of the dynamic of family privilege they create. 14/
So if you win the big jackpot, take it from me. Spend it all in one place: on creating a private foundation. You'll be a public hero, minimize your tax liability, and set yourself and your family up for life. Not a bad deal. 15/15
So... this blew up.

A few parenthetical thoughts:

1. I think the vast majority of family foundations out there are doing great work, finding and funding and sustaining the charitable enterprises that are a major part of our national and local economies. Sincere applause!
2. For some families, philanthropic giving is a fun thing they do together that has benefits for their communities. This should be encouraged! We should simply recognize the dynamics around wealth, philanthropy, and social status.
3. I was a bit tongue-in-cheek about creating foundation jobs for family. These jobs can pay comfortably but obviously not obscenely, as that would constitute self-dealing.
4. The whole thread was just a thought experiment in how to spend lottery winnings in a way that would ensure lives of comfort for the winner and his/her loved ones, maximize the winner's social standing, minimize downside risks of winning, and possibly benefit the community.
5. Finally, no one should buy lotto tickets! The end. Thanks for reading!

More from Society

Noah Smith
Noah Smith
@Noahpinion
1/OK, data mystery time.

This New York Times feature shows China with a Gini Index of less than 30, which would make it more equal than Canada, France, or the Netherlands. https://t.co/g3Sv6DZTDE

That's weird. Income inequality in China is legendary.

Let's check this number.

2/The New York Times cites the World Bank's recent report, "Fair Progress? Economic Mobility across Generations Around the World".

The report is available here:

3/The World Bank report has a graph in which it appears to show the same value for China's Gini - under 0.3.

The graph cites the World Development Indicators as its source for the income inequality data.


4/The World Development Indicators are available at the World Bank's website.

Here's the Gini index: https://t.co/MvylQzpX6A

It looks as if the latest estimate for China's Gini is 42.2.

That estimate is from 2012.

5/A Gini of 42.2 would put China in the same neighborhood as the U.S., whose Gini was estimated at 41 in 2013.

I can't find the <30 number anywhere. The only other estimate in the tables for China is from 2008, when it was estimated at 42.8.
SOCIETY
Ifeoluwa\U0001f49e
Ifeoluwa💞
@ifeoluwalydia
LET’S TALK ABOUT RELOCATING TO CANADA AND HOW TO APPLY FOR PERMANENT RESIDENCE (PR) IN 2021.

Are you interested in relocating to Canada and don't know where to start from? No worries, this tweet is for you.

A THREAD! 👇

I was supposed to make this post before now but I had to do extensive research and verify its authenticity before posting.

Stay with me...

One of the reoccurring topics in Nigeria today is how to ‘Japa’ (Move away) from Nigeria.

The question that comes to mind are:
> How do I go about it?
>What is the process like?
>Is there a seamless way to go about it?

First thing you must know is that from 2021 to 2023, Canada will welcome more than one million new immigrants! Yayyy!!! Good news abi??

I really do not blame anyone who decide to ‘japa’...

Do you know the benefits that accrues to one becoming a permanent resident in Canada?
Let me share them with you.

1. You can live and work anywhere in Canada. Yeah! Anywhere. Permanent Residents are not tied to a specific employer or a specific province...
SOCIETY
Advertisement
Michael Grunwald
Michael Grunwald
@MikeGrunwald
My dad’s first memory is hiding under a table 80 years ago tonight, when Nazis took his dad to Dachau on #Kristallnacht.

His parents, my Omi and Opi, always considered themselves more German than Jewish, so they didn’t think they’d get swept up in the madness.

Opi was taken to city hall with other Jews and lined up against a wall. He thought he was going to be shot.

He always remembered when they got to Dachau there were pajamas with Jewish stars waiting on their cots. Obviously not a spontaneous thing.

He was very lucky. His family got him a fake Uruguayan visa and he was out of Dachau six weeks later. “Before Christmas,” my dad recalls.
SOCIETY
BlackCalvinist
BlackCalvinist
@BlackCalvinist
LOL at the uptick in followers.

Fair Warning: I believe that Cultural American Patriotic Churchianity (CAPC for short - aka White Evangelicalism/Christian Nationalism) has caused more damage to the body of Christ and the credibility of the church than CRT ever has or will.

It's been a systemic problem since the founding of the country (indeed, before the founding of the country) and has contributed to the church being complicit in chattel slavery, Jim Crow, cointelpro, redlining and a host of other things the Bible condemns as sin.

The conflation of Christianity with Americanism since the founding of the country has left too many actual believers confusing love of country and culture with biblical Christianity (thus, in their minds, to fight against conservative political culture is also to fight against

what they think is biblical Christianity). It's part of what makes it okay to minimize the sins of men like Dabney while extolling his ability as a theologian in other areas, or minimizing it as him being 'a man of his time'. It also allows you to have an atheist speak at your

Christian conference while condemning your brother who holds different political views than you, but professes the same faith you do.

On the other side of the issue, the phrase 'black lives matter' is true because of the Imago Dei. Debate your momma about it if you disagree.
SOCIETY
Se\xe1na
Seána
@GrantSana
Southerners wrote songs about Warrington, formed peace movements because of IRA violence - but I can’t point to any mainstream effort to oppose/understand who the glenane gang, or Shankill butchers were, care about Loughinisland, state violence, &collusion.
V selective interest

They were and are revolted by SF glorifying murder but dont know or care about the deaths of catholics here. As I’ve seen the apathy to the life my parents lived, and the fear I grew up with, I always make it understood I’m Irish but from the north. Because it’s important

Showing absolutely no interest in the murder of the people in the areas SF are elected to represent is really selectively deciding whose lives you think are worth anything. I doubt anyone south of Louth Monaghan or Cavan could tell you or care about the Reavey brothers

There was and is no hand wringing about children being shot in the fields by soldiers in front of their parents or hunted down in their own house and killed in front of their families- where were the marches, the songs, the movements?

“But Sinn Fein said this”- is of zero comfort to victims of state or loyalist violence and you are actually framing their loved ones murders in such a way that you’re almost making them partially culpable for their own fate or excusing it somehow when it’s nothing to do with SF
SOCIETY

You May Also Like

\u0100yudhika
Āyudhika
@Satyamev1310
Ashta Siddhi

Ashta Siddhi is mentioned in Patanjali Yog sutra and can be obtained by very few through countless years of practice and devotion to all eight limbs of Ashtanga Yoga.

Siddhi can loosely be translated as accomplishment or a special power or unusual skill.


The eight Siddhis are:

1. Anima: Reducing one’s physical self to the size of an atom.

2. Mahima: Expanding one’s physical self to infinite level

3. Garima: Making one’s physical self so heavy as immovable by others

4. Laghima: Becoming almost weightless


5. Prapti: Being able travel anywhere in the Universe

6. Prakamya: Can know & understand what is going on in one’s mind. Can understand other person’s min.

7. Ishitva: Possessing title of Bhagwan

8. Vashitva: A seeker can subdue any person/thing

(Hanuman Jayanti is coming)


Hanumanji not only possessed all eight siddhis, but was also blessed by Sita mata as “Ashta Siddhi Nau Nidhi Ke Daata”.

When Hanumanji first reaches to Lanka on his mission to find Sita, he makes use of anima so as to be discrete in enemy territory.


He uses it again when he approaches Sita mata for the first time – reducing his size to that of a schoolboy, to avoid scaring her. He uses mahima to outwit & overpowers
the demons.
ALL
Sam Dylan Finch \U0001f937\U0001f3fb\u200d\u2642\ufe0f
Sam Dylan Finch 🤷🏻‍♂️...
@samdylanfinch
I had the most bizarre experience outside of a bar yesterday, which my partner very aptly described as "toxic mask-unlinity." (A Thread.)

I was standing outside, waiting for a lyft to get home, when two cis men came out of the bar to smoke cigarettes. They're discussing the masks that folks are wearing in California at the moment because of the very dangerous air pollution from the fires happening.

I happen to be wearing one of those masks, because I think lungs are important and I like breathing. I dunno. One of the men notices me standing there, and says, "Like this f*cker right here. What is this shit?"

He goes on a homophobic rant about me, the pansy with a mask, and what a Very Manly Man he is because he's not afraid to smoke a pack of cigarettes while California is on fire. He doesn't need a mask, because something-something-heterosexual-something.

And part of me is just... impressed by the fact that this dude thinks he's Owning The Gay Libs by not wearing a mask to protect his lungs from smoke and particles in the air that are literally DANGEROUS... while chain-smoking. Outside of a bar.
SOCIETY
Advertisement
\U0001f1ee\U0001f1f3Sonal \U0001f1ee\U0001f1f3
🇮🇳Sonal 🇮🇳...
@Dharma_Vaarta
Bharat: Advancement of earth’s earliest civilization

Glorious Vedic Architecture and Temple

Architecture in India was an extremely rich form of expression and highly developed science, with a deep heritage of spirituality in it. #FreeHinduTemple


The centre of all architectural development was the temple and temple or Mandir was the earthly home of God, and like the launching pad for the devotee’s consciousness to soar toward the Divine and the spiritual world.


The murti or deity of the Divine would be placed in the temple sanctum, around which all temple activity would revolve.

Such buildings were often elaborately decorated with stone, wood, plaster, etc. and carved or cut to depict the stories from the Puranas or other sacred texts


Temples were always the centre of religious, social and educational activities, practically more so in
ancient times than today.

During a span of more than two thousand years, various dynasties were known for constructing glorious temples,


some of which include the Mauryan, Ashoka, Gupta, Satavahana, Chedi, Chandella, Chalukya, Solanki, Pallava, Shola, Hoysala, Vijayanagar, and others.

Many of these temples remain beautiful architectural wonders today.
ALL , HISTORY
Anshul Pandey
Anshul Pandey
@Anshulspiritual
THE NOTICEABLE SIGNS OBSERVED ON IMPENDING DEATH(मृत्यु के संकेत या चिन्ह)

As per Skanda Puran, Kartikeya had narrated to Muni Agastya about the signs of the coming death. This is as per this ancient scripture.


If one experiences the air coming out of right nostril continuously then it is observed that the person dies within three years. If the breathing is continuous towards upper side from both the nostrils, then the person can die within two three days.

If the breathing is through the mouth instead of the nostrils then the person may live only for two days. The person should take into coignance these signs of the occurance of any sudden death.

As per astrology when the Surya is in the 7th house and Chandrama is in its own house and the breathing is only through the right nostril then the danger exists. If you see a yellow black coloured figure who becomes invisible immediately then the life span is limited to 2 years.

If any person sneezes, passes urine, stool and semen all together he has only a year more to live. If a person sees blue coloured snakes flying in the sky then he has only six more months to live. If a person sees any thing opposite to its real self like colours
RELIGION
Billy Bostickson \U0001f3f4\U0001f441&\U0001f441 \U0001f193
Billy Bostickson 🏴👁&👁 ...
@BillyBostickson
Tip from the Monkey
Pangolins, September 2019 and PLA are the key to this mystery
Stay Tuned!


1. Yang


2. A jacobin capuchin dangling a flagellin pangolin on a javelin while playing a mandolin and strangling a mannequin on a paladin's palanquin, said Saladin
More to come tomorrow!


3. Yigang Tong
https://t.co/CYtqYorhzH
Archived: https://t.co/ncz5ruwE2W


4. YT Interview
Some bats & pangolins carry viruses related with SARS-CoV-2, found in SE Asia and in Yunnan, & the pangolins carrying SARS-CoV-2 related viruses were smuggled from SE Asia, so there is a possibility that SARS-CoV-2 were coming from
ALL