G
484 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
2 days ago

We Say/You Say: Safer Streets?

Thomas Campbell Reporter from Hamilton Press

Kia ora Hamilton,

Do you want to see the Innovating Streets initiative rolled out around your neighbourhood?

A trial by the Hamilton City Council to close off two streets to vehicles will soon be over.

The $902,000 trial ends on July 3. It currently sees the closure of a portion of Ward St and completely closes Rostrevor St to traffic.

Some business owners and staff made their dissatisfaction known at a meeting with council staff after experiencing a loss of custom.

Advocates for the trial included Bike Waikato chairman Richard Porter, who said that cyclists were making the most of no traffic.

What do you think? Share your thoughts below and don't forget to type NFP if you don't want your comments featured in the Hamilton Press.

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3 hours ago

Volunteer Week

The Team from Graeme Dingle Foundation Waikato

To end our celebration of volunteer week, we thought we'd share a few ways you can volunteer for the Graeme Dingle Foundation. Every bit of support helps make a difference in a young person's life 💚
Click the link below to find out more.

7 hours ago

Birdsong

The Team from Resene ColorShop Hamilton Central

Be entertained by feathered friends enticed to your garden by making your own bird feeder painted in favourite Resene colours. Find out how to create your own.

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