G
43 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
J
15 hours ago

Sightseers

John from Fairfield

It is absolutely deplorable that Waikato Police had to turn around 20% of vehicles of people breaking the lockdown due to Covid - 19. As an over 70 year old wanting to get things done around the house and not able to leave the property I find that these people want to stretch out the lock down period and then lose their livelihoods to be totally irresponsible. The Police need to throw the book at them because this is inexcusable.

1 day ago

Tell us about the coronavirus lockdown champions in your community

The Team Reporter from Stuff

Hey neighbours,

We want to celebrate the unsung heroes who are keeping our country going through lockdown.

Frontline nurse Debra Larsen's life has turned into a "real whirlwind" since the coronavirus outbreak began.

She's been so busy setting up testing centres around the Waikato. and helping them run smoothly that she's barely seen her two teenage daughters.

Do you know a coronavirus lockdown champion who deserves to be recognised? Tell us about them in the comments below.

To read more about Debra's life on the frontline, click here.

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1 day ago

Council’s leadership applauded as $150M Hamilton project moves to next steps

The Team from Hamilton City Council

Keeping our projects going will be a big part of our regional and national economic recovery. A shared commitment to ‘getting on with the job’ during lockdown has meant we’ve been able to take the next steps for our new bridge.

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