Cheng “Charlie” Saephan, who was born in Laos and immigrated to the U.S. in 1994, plans to split the money with a friend and find himself a "good doctor."
Cheng “Charlie” Saephan, who was born in Laos and immigrated to the U.S. in 1994, plans to split the money with a friend and find himself a "good doctor."
One of the winners of a $1.3 billion Powerball jackpot this month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week.
Cheng “Charlie” Saephan, 46, of Portland, told a news conference held by the Oregon Lottery on Monday that he and his 37-year-old wife, Duanpen, would split the prize evenly with a friend. Laiza Chao, 55, of the Portland suburb of Milwaukie, had chipped in $100 to buy a batch of tickets with them. They are taking a lump sum payment, $422 million after taxes.
The article doesn't make it 100% clear, but it sounds like this guy was just going to die of untreated cancer due to our for-profit healthcare system if he hadn't won the Powerball.
So I guess all of you cancer victims without good insurance know what to do.
Oregon does not check immigration status to apply for the state's free insurance that covers anyone making less than 250% the federal definition of poverty. That means even undocumented immigrants get full access to Medicaid.
You can even get a driver's license and send kids to school without including immigration status in Oregon (yay sanctuary states!). If he doesn't want a license, trips to medical facilities are provided free. Getting that time off work is a different story...
He said in his speech he has been "battling cancer" and is getting chemotherapy treatment.
He only gets like 400m of that though, wouldn't it be nice if we taxed billionaires and corporations like we taxed lottery winners so people with cancer could just get good doctors instead of being effectively sentenced to death for not being rich enough?
I was listening to an episode of the Dollop where the children of two rich families, when they got married, were given the modern equivalent of $6.5 million to spend on their three month honeymoon.
I did some basic, conservative math. If given $6.5 million, I could very comfortably live the rest of my life. Keep the $500k liquid and invest the $6mil even in very safe investments like treasury bonds or bills, and live on the interest.
If $6.5 million is enough to live comfortably on, $400 million is more than enough.
Edit: So sorry downvoters, I did a poor job responding here. I only replied to the “he only got $400 million” part and I didn't spell out that I agree that billionaires shouldn't exist and should be taxed heavily, so I can see where you might've thought I wasn't properly anti-billionaire by only responding to one part of the post.
Just to make it clear, fuck billionaires. I feel like that could've been inferred by saying one could comfortably live a life of luxury off $6.5 mil, but I can understand the confusion.
You're right, billionaires should probably just get taxed out of existence, that's more money that anyone could ever need even if they lived dozens of lifetimes.
This is a message to all poor people dying of cancer to go and spend whatever they have on state sponsored gambling.
The orphan crushing machine knows no rest.
As far as I can tell, $1.3B was the total amount split between several winners. Even if not, I'd be completely fine with paying a billion in taxes and still having much more left over than I could possibly spend 🤷😄
Man, to be an actual billionaire it must be something to be able to open every single door and go any place you want. Almost like playing a game with cheat codes on. I wonder if it gets dull after a while. They don't seem particularly happy.
It does. That's why a lot of lottery winners and pro athletes are broke after a few years. You take your money, live large, lifestyle creep happens, then the money stops but the bills keep coming.
It's probably not the case but I always wondered if some of those public stories are just to get beggars off your back. Akin to faking one's death, you fake you lost all your money so people stop hounding you. I'd probably do this if I had to announce my winnings (but then I'd have to play let alone win).
I'd do a lot of research on buying a place to live comfortably and sustainably with my family. I'd probably just pocket the rest in trusts for my kids and travel mostly. Lifestyle creep is a massive concern. I don't know if I'd have the willpower to regulate that but I'd like to think I would...