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Numbers submitting Cutoff TimeReply
I agree, they hold on to LOTS OF PEOPLES money because when you add it all up, all those peoples money is a ton of bucks that the banks are making interest on. I call BS on them for doing it, but The Fed's are letting 'em get away with it because there are no laws prohibiting banks from doing it. I guess I could write my Congressman and tell him I want legislation passed to stop banks from doing this shady practice of theirs, but my pockets aren't as deep as the banking industry's lobby so I
Jun 10, 2024, 2:38 pm - GiveFive - Lottery Discussion Forum

800 million dollarsReply
Correct you are. The rich are legally sheltering their money. The Federal government wrote the tax code and wealthy people's tax attorneys are simply telling them how to legally exploit the tax code to their advantage. Ever heard of The Carried Interest Loophole ? It's a terrific method for wealthy people employed in the Private Equity industry to cut their tax burden in half, and best of all it's perfectly legal. But carry as the PE Boy's all call it isn't available to the average tax payin
Apr 16, 2023, 3:58 pm - GiveFive - Lottery Discussion Forum

Should You Hire a Money Pro if You Win Millions?Reply
Can a bank take your money in a bail-in? Bank Bail-In: Rather than using taxpayer money to infuse banks with capital, banks can seize money from depositors , turning debt into equity to keep the bank afloat. https://www.sbcgold.com/blog/bank-bail-ins-the-sneaky-legislation-that-puts-you-on-the-hook-for-failing-banks/#:~:text=Bank%20Bail%2DIn%3A%20Rather%20than,to%20keep%20the%20bank%20afloat.
Jan 23, 2023, 6:02 pm - Raven62 - Lottery Discussion Forum

800 million dollarsReply
One more thing and then I'm done.... An investor with 800 million dollars could invest with a Private Equity Firm. Generally PE Firms accept only Institutional Investers as Limited Partners, but they will accept money from an individual invester that is High Networth Individual. You'd have to prove to them you really do have more than 30 million in the bank (you'd have to show them bank statements so they could vet you) but if they did accept your money you would benefit from something calle
Apr 11, 2023, 9:31 am - GiveFive - Lottery Discussion Forum