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Thursday, 19 May 2011

Comments

I know that thinking this way makes me a Communist, or something, but every once and a while I buy a Lotto ticket (I know, "Stupidity tax") and my wife and I talk about what we would do if we won a ridiculous amount of money.
Generally, we pay off all of our (laid off) relatives' bills, set off enough so we don't have to work any more, and then endow charities.
For 4 mill, you could give 20 to 40 deserving students a full college scholarship, build a bunch of low income housing, endow a wing in a hospital, fund a whole new branch of diabetes research, whatever you can imagine.
I'm not really a Christian at all, but this story illustrates why it is easier for a camel to pass through the eye of a needle than for a rich man to enter the kingdom of heaven.
If buying a perishable print is all they can think of to do with their money, then tax them, and use the money to repair bridges.

@JSL

"I think it's worth pointing out, too, that virtually all of the work that sells for this kind of money ultimately ends up in a museum."

Actually, it would be nice if this were true, but quite a few masterpieces never, ever see the light of day until someone dies and bequeaths them. Many are lost to a generation.

http://www.theartwolf.com/articles/best-private-art-collections.htm

Sad. Very sad.

"For 4 mill, you could give 20 to 40 deserving students a full college scholarship, build a bunch of low income housing, endow a wing in a hospital, fund a whole new branch of diabetes research, whatever you can imagine."

Paris,
No offense, but I think you have a lottery winner's conception of the value of money, which is why 90% of them go broke within five years. You couldn't BEGIN to do all that with $4 million. You couldn't even cover a year's payroll for the staff in the new wing of the hospital with $4 million. Here's just one random Google result:

http://tinyurl.com/447ta3t

Mike

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