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Lottery winner's lifetime of money gone in weeks
Tampa Bay Times ^ | Susan Taylor Martin

Posted on 01/10/2014 11:20:04 AM PST by Cincinatus' Wife

St. Petersburg - A few weeks before Thanksgiving, staff at the Loving Care assisted living facility in St. Petersburg realized something had changed in Malcolm Ramsey's life.

Relatives who had never paid much attention to Ramsey, 55 and mentally incompetent, suddenly started showing up in droves. Bulging bags from T.J. Maxx and Bealls filled his half of a tiny, shared bedroom. Boxes of new athletic shoes — Nike, New Balance, K-Swiss — towered against the wall.

Then there were the rumors that Ramsey had hit it big in the Florida lottery.

Ramsey's legal guardian got involved. So did St. Petersburg police, an adult protective services worker and, eventually, a judge. And slowly, the story came out.

Sometime in October, Ramsey had won "$500 a week for life" on a scratch-off Florida Lottery ticket. With the help of a cab driver, he had gotten an ID, a copy of his birth certificate and a ride to Tallahassee to claim the prize. He took it as a lump-sum payout — $403,288.

In barely four weeks, Ramsey blew through more than half the money, with little of value to show for it. He says he wanted the cash, but by taking it all he is in danger of losing the government benefits he has relied on to survive.

(Excerpt) Read more at tampabay.com ...


TOPICS: Crime/Corruption; Culture/Society; Extended News; Government
KEYWORDS: lottery; voterid; welfare
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To: Cincinatus' Wife

The poor you will always have with you, but you will not always have me.


61 posted on 01/10/2014 4:20:23 PM PST by BfloGuy ( Even the opponents of Socialism are dominated by socialist ideas.)
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To: kcvl

He’s not Incompetent, he’s a LIBERAL DEMOCRAT!!! Uh oh....same thing when it comes to MONEY!


62 posted on 01/10/2014 5:28:36 PM PST by Ann Archy (Abortion......the Human Sacrifice to the god of Convenience.)
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To: sodpoodle; Cincinatus' Wife
Don't State and Federal tax regulators get their cut before lottery distributions???

Curiously enough the general application of tax laws both in Canada run the same. If an individual gets monies they have to declare it on their tax returns. Now monies taken from such a person as this unfortunate man, are indeed taxable as income. I will say I stand corrected if this is not so.

I have heard a few horror stories of the IRS in collecting taxes on this website. If they honed into someone getting a 19,000 dollar watch etc. they could demand a statement about the tax returns of that person. You had 19,000 dollars and have you declared it as income?

Oh I forgot, the persons are not exactly tea party calibre (laughs).

63 posted on 01/10/2014 6:02:26 PM PST by Peter Libra
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To: kcvl

Exactly.

This is why we should not be handing over money to those who have shown a history of poor decision-making skills.

In a socialist “utopia” where all the money is redistributed, people like this would soon be begging for more after getting their “share” of the wealth. They would squander it, then cry foul and complain that they need/deserve more.


64 posted on 01/10/2014 6:55:33 PM PST by generally (Don't be stupid. We have politicians for that.)
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To: easternsky

Sigh...


65 posted on 01/10/2014 8:15:56 PM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: gorush

MARRIAGE
A woman marries a man expecting he will change, but he doesn’t.
A man marries a woman expecting that she won’t change, but she does.

Well done.


66 posted on 01/10/2014 8:25:53 PM PST by Jet Jaguar
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To: beandog

That’s a good reason for the state to decide to attach a lien on the winnings to pay for his care.

But we were talking about the woman who wanted the state to give control to the conservator so they could spend the money for the man, in a way that would NOT cut off his government benefits.


67 posted on 01/10/2014 8:29:43 PM PST by CharlesWayneCT
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To: gorush

I have to respond. Thanks big time for the laughs. You pretty much nailed it, though there ARE exceptions to every rule.

A great post IMO!


68 posted on 01/10/2014 11:02:02 PM PST by IIntense
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To: informavoracious

Not so funny. I suspect this behavior is common.


69 posted on 01/10/2014 11:05:31 PM PST by IIntense
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To: TheThirdRuffian
The gubmint handout makes mesick.

I'd like to withhold taxes based on how the gov't wastes so much of our money. I don't know how they could prove me wrong.

70 posted on 01/10/2014 11:11:50 PM PST by IIntense
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To: FreedomNotSafety

Interesting thoughts about welfare/taxation. Too bad there’s not much innovation going on in the field of gutting government largesse.


71 posted on 01/11/2014 12:00:22 PM PST by avenir (I'm pessimistic about man, but I'm optimistic about GOD!)
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