G
35 days ago

Are you stupid enough to give away 45 cents of every dollar ?

Graeme from Frankton

Of course , we have to pay tax . We mostly dislike that . Same with GST . And no , I'm not adding 30% top tax , and GST . This actually has nothing directly to do with tax .

But would you knowingly give away 45 cents of every dollar you spent ?

This weekend , Lotto hits $50 million , so here is your chance to win $50 million ! Race out and buy a ticket . If you have more dollars than sense .

Have you read the Lotteries Commission glossy PR brochures ? You must be in to win . Safe , smart gambling . Blah , blah , BS .

Dig a bit deeper , behind the headlines , and you will never , ever by another Lotto ticket .

" In the 31 years that New Zealanders have been paying Lotto , over $4.6 billion in essential community funding has been contributed via the Lottery Grants Board " . Wow -- what a great community service . Yeah right .

WHERE YOUR LOTTO MONEY GOES ( per $1 ) --

22 cents -- Lottery Grants
12 cents -- operating costs ( yes , thats what Lotto NZ spends on itself ! )
6 cents -- retailer commissions ( including credit card fees )
5 cents -- taxes -- goes to Government
55 cents -- Prizes .

Yes , if you spent $1 million on Lotto tickets , you are likely to get around $550,000 back . Spend that next week , and you will be down to $302,500 next weekend . 'Reinvest' that , and by week 3 your $1 million will be down to $166375 . By the time you have been through 4 draws , you'll be down to $91506 ! Seriously ! So in 4 draws , you have lost over $900,000 of your original $1 million .

So who is buying a ticket for Saturdays draw ?

More messages from your neighbours
7 minutes ago

Spread facts, not fear

The Team from Neighbourly.co.nz

With COVID-19 classified as a pandemic, there has never been a more important time to be Neighbourly. To ensure everyone in our communities feels safe and supported, spread facts not fear. Regularly consult government sources and encourage others to do the same.

During this uncertain time, it’s fine to feel a little overwhelmed. To keep up to date with the latest developments and how you can do your bit, visit https://covid19.govt.nz/.
Reach out

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D
7 days ago

covid 19 closures

Dennis from Enderley

hoping all shops that are supposed to be closed are unlike the one at five crossroads who thinks he is a supermarket and is not

1 day ago

Police call for neighbourly calm

Nicola Brennan-Tupara Reporter from Hamilton Press

Hi Neighbours,
The police are urging those with concerns or problems with their neighbours through the lockdown to report them using the 105 number.
The call comes after five people were arrested after a recent neighbourhood brawl in Hamilton street which involved a large group of people, with one showing symptoms of coronavirus.
A knife, shovel, hockey stick and baseball bat were reported to have been used in the fight.

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