So, You Won This Week’s Powerball…

This article was originally published at TheAdvocates.org and in their weekly newsletter, The Liberator Online.

We all went to Chino Hills, California to purchase a Powerball ticket this week, right?

Powerball-cartoonNow, it’s time to discuss the realities of having won. Assuming you chose the cash option, you’ll “earn” $930 million dollars. The IRS gets 25% off the top, before the money hits your hands, with another 14.6% due at tax time. Surprisingly, California has a personal income tax exemption for lottery winnings, stemming from a law passed in 1984.

How are you going to spend the remaining $561.72 million dollars?

Obviously, you’ll want to ensure that your family is comfortable for the rest of their lives. Let’s assume you also want to make a positive impact on the world around you. This is a path taken by many entrepreneurial philanthropists like Bill Gates or Mark Zuckerberg.

Let’s say that you have $200 million dollars for your philanthropy. How can you make the best use of those dollars?

Option 1: Write a check $568.28 million ($200 million beyond your “tax liability”) already taken by the bureaucrats in Washington DC to add to the Treasury to be doled out as they see fit.

Option 2: Research to find 200 charities and organizations that have similar goals that will make $1 million go a long way toward their mission.

Option 2, right?

When discussing the coercion of government to have you spend money on things you may not want to fund, this is a great exercise with those skeptical of libertarian ideas. Almost EVERYONE picks Option 2, regardless of political affiliation.

That’s because the waste and inefficiency associated with government is known far and wide.

That knowledge is another opening to build rapport to share libertarian philosophy with those who already have some libertarian leanings without even realizing it.

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Brett Bittner serves as the Executive Director of the Advocates for Self-Government. Originally from Georgia, Brett has lived in South Carolina, Texas, Alabama, and Indiana. The Indianapolis resident was Marketing Director for The Advocates before becoming the Executive Director in April 2015. Prior, he served in multiple roles for the Libertarian Party, including Executive Director of the Libertarian Party of Georgia, Chairman of the Libertarian State Leadership Alliance (LSLA), and Chairman of the largest county affiliate in Georgia. In addition to his Libertarian Party credentials, Brett also served as a member of the Marietta City School Board, being elected in a special election to fulfill an unexpired term and re-elected the following year to a full term. He also served on the Steering Committee for Get A Move On ATL, a project of the Civic League of Regional Atlanta. Currently, he also serves as founder, and on the board, of the the Indianapolis chapter of America’s Future Foundation. He addresses civic and leadership groups throughout on current issues and free-market solutions. He is a frequent contributor to newspapers and radio programs around the country and spent two years providing free-market perspectives as a commentator on a daily Liberty Express radio program.

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