1 00:00:00,920 --> 00:00:01,960 Speaker 1: This is gem Nation. 2 00:00:02,240 --> 00:00:06,160 Speaker 2: Were Jonesy down to the jonesy demand of arms for 3 00:00:06,200 --> 00:00:09,720 Speaker 2: the pub test? Winning a billion dollars with lotto? Does 4 00:00:09,760 --> 00:00:10,680 Speaker 2: it pass the pub tes? 5 00:00:10,800 --> 00:00:12,960 Speaker 1: This sounds like a strange thing to discuss. Who doesn't 6 00:00:12,960 --> 00:00:16,040 Speaker 1: want to win lotto? But a single winning ticket in 7 00:00:16,239 --> 00:00:22,439 Speaker 1: California's two billion dollar power ball has made us discuss. 8 00:00:22,480 --> 00:00:26,079 Speaker 1: This one winner got all the numbers and this powerball 9 00:00:26,160 --> 00:00:29,080 Speaker 1: number and as it was a one in two hundred 10 00:00:29,120 --> 00:00:32,760 Speaker 1: and ninety two million chance, and this one person we 11 00:00:32,800 --> 00:00:34,479 Speaker 1: don't know who they are, but they will have to 12 00:00:34,520 --> 00:00:36,920 Speaker 1: be disclosed because that's part of the rules. The name 13 00:00:36,920 --> 00:00:39,239 Speaker 1: and location of the business that sold the ticket and 14 00:00:39,280 --> 00:00:41,280 Speaker 1: the name of the person who won it, the name 15 00:00:41,360 --> 00:00:44,160 Speaker 1: of the person who sold it. They get a million 16 00:00:44,200 --> 00:00:46,959 Speaker 1: dollars too real amazing, isn't it? And in a way, 17 00:00:47,000 --> 00:00:49,479 Speaker 1: winning a million and I know, sound crazy saying this 18 00:00:49,880 --> 00:00:53,400 Speaker 1: might be easier than winning a billion. A billion dollars 19 00:00:53,479 --> 00:00:54,440 Speaker 1: would ruin your life. 20 00:00:54,480 --> 00:00:56,280 Speaker 2: I'm ready for it. I can live a billionaire. 21 00:00:56,400 --> 00:00:58,440 Speaker 1: Every single per I would expect you to pay off 22 00:00:58,480 --> 00:01:00,800 Speaker 1: my mortgage. Every single person you work with, he would 23 00:01:00,800 --> 00:01:01,240 Speaker 1: expect you to. 24 00:01:01,280 --> 00:01:02,520 Speaker 2: I would pay it off if I had to. 25 00:01:02,840 --> 00:01:05,520 Speaker 1: Where would you draw the line of all the people 26 00:01:05,560 --> 00:01:07,640 Speaker 1: that would come to you asking for something. 27 00:01:07,680 --> 00:01:10,080 Speaker 2: Okay, it takes how it would go. I'd pay off 28 00:01:10,120 --> 00:01:12,680 Speaker 2: your mortgage. Yeah, I'd pay off everyone. 29 00:01:12,760 --> 00:01:15,680 Speaker 1: Here's more Ryan's he doesn't have one. Would you buy 30 00:01:15,760 --> 00:01:17,399 Speaker 1: the house by the house? 31 00:01:17,760 --> 00:01:18,800 Speaker 2: Work hard like I did? 32 00:01:19,240 --> 00:01:22,200 Speaker 1: See, that's the thing. Work hard and win a lottery 33 00:01:22,240 --> 00:01:22,920 Speaker 1: ticket like you did. 34 00:01:23,080 --> 00:01:23,679 Speaker 2: That's what I do. 35 00:01:24,160 --> 00:01:27,480 Speaker 1: Also, your own sense of purpose you get up in 36 00:01:27,520 --> 00:01:30,039 Speaker 1: the morning. Yeah, would you know? You wouldn't. Of course 37 00:01:30,400 --> 00:01:33,600 Speaker 1: you earn a good wage now and you don't give money. 38 00:01:32,920 --> 00:01:34,560 Speaker 2: Plenty of money to charity. 39 00:01:34,760 --> 00:01:37,679 Speaker 1: But how would you feel there's stuff if you could 40 00:01:37,720 --> 00:01:39,679 Speaker 1: buy any bike in the world, it takes a pleasure 41 00:01:39,720 --> 00:01:42,280 Speaker 1: out of the discussion and the research and that, you know, 42 00:01:42,360 --> 00:01:43,039 Speaker 1: all that stuff. 43 00:01:43,040 --> 00:01:46,400 Speaker 2: Bike dispenser just like I just park them all around. 44 00:01:46,360 --> 00:01:47,800 Speaker 1: Like a dispenser of bikes. 45 00:01:47,840 --> 00:01:49,480 Speaker 2: Yeah, I just like to leave them all around Sydney. 46 00:01:49,600 --> 00:01:51,160 Speaker 1: Just what I think it would take the keys and 47 00:01:51,400 --> 00:01:53,800 Speaker 1: take it. I think it would take the pleasure out 48 00:01:53,800 --> 00:01:54,160 Speaker 1: of line. 49 00:01:54,200 --> 00:01:56,440 Speaker 2: I'd be like in Brewster's Millions. 50 00:01:56,680 --> 00:01:59,360 Speaker 1: Proud about Brewster's Billions. That's why no one makes that movie, 51 00:01:59,360 --> 00:02:02,760 Speaker 1: because no one wants it winning a billion dollars with lotto. 52 00:02:02,840 --> 00:02:04,160 Speaker 1: Does this pass the pub test? 53 00:02:04,360 --> 00:02:06,200 Speaker 3: I think it does pass the pub test if you're 54 00:02:06,240 --> 00:02:08,519 Speaker 3: really smart about it, so friends that you keep a 55 00:02:08,520 --> 00:02:10,560 Speaker 3: little bit for your family and friends. Then you'll let 56 00:02:10,639 --> 00:02:13,000 Speaker 3: everyone know that the rest is going into trust for 57 00:02:13,120 --> 00:02:15,880 Speaker 3: charitable purposes. That gives you the purpose that you're missing 58 00:02:15,880 --> 00:02:18,480 Speaker 3: in life, because you're focused on generating a return for 59 00:02:18,560 --> 00:02:21,320 Speaker 3: the rest for charitable purposes, and everyone knows there's only 60 00:02:21,360 --> 00:02:23,320 Speaker 3: a little bit there that's for you and your family. 61 00:02:23,480 --> 00:02:25,480 Speaker 4: So it does pass the pub test for me, winning 62 00:02:25,480 --> 00:02:28,320 Speaker 4: a million dollars does past the pub test. A billion 63 00:02:28,400 --> 00:02:31,720 Speaker 4: dollars that would be hard to swallow. I know that 64 00:02:31,840 --> 00:02:34,320 Speaker 4: here in Australia few are the winner. You would lose 65 00:02:34,400 --> 00:02:38,440 Speaker 4: thirty percent of it straight away in federal US taxes, 66 00:02:38,680 --> 00:02:41,720 Speaker 4: So I think I could still hope with that. But 67 00:02:41,960 --> 00:02:44,760 Speaker 4: a million to a billion, wow, I think I'd take 68 00:02:44,840 --> 00:02:48,480 Speaker 4: the million. Thank you very much. You're lucky enough to 69 00:02:48,600 --> 00:02:49,880 Speaker 4: win your luck. 70 00:02:50,320 --> 00:02:52,720 Speaker 3: I don't think it's right if you don't share it around. 71 00:02:52,800 --> 00:02:56,280 Speaker 4: That's sure that much money about Charity's make that about 72 00:02:56,280 --> 00:02:58,200 Speaker 4: a money lad You just end it out everywhere? 73 00:02:58,919 --> 00:03:01,560 Speaker 2: What I like that first call, I didn't understand it. 74 00:03:02,240 --> 00:03:05,480 Speaker 1: You tell everyone this is amount i'me keeping for my 75 00:03:05,680 --> 00:03:09,440 Speaker 1: family and the rest is going to charity foundation, so 76 00:03:09,520 --> 00:03:11,079 Speaker 1: you have a sense of purpose. I think that makes 77 00:03:11,120 --> 00:03:12,400 Speaker 1: a lot of sense. All right, I'm going to. 78 00:03:12,360 --> 00:03:14,280 Speaker 2: Buy tickets straight down at the casino and put it 79 00:03:14,320 --> 00:03:17,800 Speaker 2: all on black. That's your charity one. That's pretting it in. 80 00:03:18,200 --> 00:03:20,120 Speaker 2: But you don't get taxed, by the way, in Australia 81 00:03:20,160 --> 00:03:21,600 Speaker 2: with a lot I do you do? 82 00:03:22,120 --> 00:03:24,760 Speaker 1: I think you do with this LA one. They've said 83 00:03:24,760 --> 00:03:27,400 Speaker 1: here you do? I think well, But in California it 84 00:03:27,400 --> 00:03:29,560 Speaker 1: says while the irs will take twenty four percent for 85 00:03:29,639 --> 00:03:33,000 Speaker 1: federal tax withholding, the state of California does not tax 86 00:03:33,040 --> 00:03:37,280 Speaker 1: lottery winners winnings, so I don't know what that means. 87 00:03:37,280 --> 00:03:39,480 Speaker 2: In Australia, you don't pay tax on a lotto window, 88 00:03:39,560 --> 00:03:42,120 Speaker 2: but if you buy a ticket for overseas you might 89 00:03:42,160 --> 00:03:46,120 Speaker 2: have to pay tax. I'll think about that because in 90 00:03:46,160 --> 00:03:47,680 Speaker 2: my mind I'm already a billionaire. 91 00:03:47,840 --> 00:03:49,800 Speaker 1: In your mind, you've won it. You've won it.