The Powerball lottery is up to $1 billion tonight. If you won it, what would you do?
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Keep a million for fun, everything else, buy a very conservative and diversified portfolio, borrow against it and purchase real estate worldwide in places with water access and least affected by climate change. With profits start funding antifa, anarcho-syndicalist, ecosocialist, and similar movements.
More power to you comrade.
If you are buying real estate, you won’t be funding “antifa” or any of the other things you are fantasizing. Profit-bearing RealEstate is directly counter to all of those movments, and once they start threatening you, you’ll immediately pivot to funding the status-quo.
If I won the lottery, I would start by ending the homeless problem in my state. All it would take would be one stroke of the pen and many people’s lives would be improved.
Noble, but I’ve got some very bad news about how much it would take to end homelessness in even the smallest state in the country, as even if the 500 mil you’d be left with after taxes could do it, which it couldn’t, more homeless people would move to that state immediately
Utah managed to do it and they’re doing just fine.
ok. you can afford to fund Utah’s homeless problem for 1.5 years, with 500 million, which is what you’d be left with after winning the 1 Billion dollar lottery
You can always start a foundation to keep the money flowing in. People would donate
Foundations do not exist to solve problems. They exist so their founders can profit either socially and financially off of them.
Pay off all debts and mortgages for myself and my immediate family, then put away whatever’s away into separate HYSAs for a few months to let the initial rush go away.
Keep it a secret.
Set up a philanthropic trust, invest it in a relatively safe mix of stocks and bonds, and set up distributions as a % of growth to a bunch of institutions I think are super important.
After buying a nicer house and paying off family debts and stuff of course.
