Only person in the shop, no calls as of yet (they dumped six or seven on us yesterday around 3:30... well, pacing has never been the help desk's forte'.) so time to just ramble a bit...
You may notice I've changed the tag line above. The little guy's taking Latin, and I thought it was about time to swap things out.
The MegaMillions lottery is up to $201 mil. I know the odds of winning that are ridiculously long, but it's a slow day here in the salt mine, so I'll just fantasize a bit, okay?
I'd probably want to get it in a lump sum. This'll take that $200 mil and whittle it down to about $150. The IRS will want their ton of flesh, so if I end up with $85 mil I'll be doing good.
And then - what's next?
$35 mil into a high-yield account. ING Direct has an interest rate of 4.5% - that'll give an income of about $1.5 mil a year. I can live with that. (Evil Grin...) That's set-aside cash, not to be touched.
Around the house... we'd pay it off, of course. Finish out the basement, redo the driveway. Get a landscaping crew in to resod the front yard and see what can be done about those miserable little bloodsucking mosquitos that make our backyard nearly unusable. Redo the air conditioning, finish replacing the single-pane windows with double-pane. We've talked about remodeling the upstairs bathrooms, don't see why that couldn't be done. The house is comfortable, we like the area, I don't see any reason to pull up stakes and move elsewhere.
We'd take care of the relatives, of course. Who and how much to be determined. Mother and Father wouldn't have to worry about money ever again (not that they worry much about it now...) and my brother would be the recipient of a trust fund.
The church we used to go to, Hollydale Methodist, would get a significant bequest. I doubt their financial state's any better than it was before we moved, and a little extra money would go a long way there... We'd give some to the little guy's school, and the church we go to now. There's a number of third-world microcap loan funds that would receive operating capital, as well as charities such as UMCOR.
Figure about $2, 3 mil for that. I'd put another $7 mil away at 4% to serve as annual charitable giving.
That would leave $40 mil. You can do a lot of damage with that amount of dough!
It seems to me that a lot of people think the government should be in charge of funding things like art, culture, and scientific investigation. Well, in the case of art and culture I think the record is decidedly mixed. In the case of science... I'm really rather conflicted there. I grew up during the Mercury/Gemini/Apollo flights, and thought it was clear that government funding of the space program was the way it should go. My views over the last three decades have changed significantly on that - and with the recent explosion (um, no pun intended on that) of commerical space startups it's looking more and more like government's been the problem, not the solution. Government has no real incentive to make access to space cheap, as long as they're the sole providers of that access. Neither is there an incentive to innovate - innovation involves risk, and the government space programs are seemingly very risk-adverse. (And that's kind of odd when you think of it - sending people up into orbit on a controlled explosion is seen as 'acceptably safe', but developing a new launch vehicle has been seen as too risky to contemplate - unless it's a test bed setup like Lockheed's VentureStar.)
So what I'd attempt to do is create a foundation or think-tank. Identify emerging technologies that could benefit from a modest infusion of cash - certainly not government-scale - and see about kickstarting the future. Blue-sky ideas, alternate energy, odd shoestring operations with significant potential, that sort of thing. Things like the Moller Skycar MIGHT get a second look, but it's hard to tell. Looks more like they need a LARGE chunk'o'cash, and their technological developement's coming along fairly well. The FreedomShip is something else I'd take a look at - but there's been so little activity on that for so long that I think it's dead.
One immediate thing I'd look at is Bussard's Polywell reactor. I understand SpaceDev is currently storing his equipment - think $3 to 5 mil would be enough to get it out of hock and get the 1.5 meter prototype under construction? This is the closest thing I see to a potential "Mr. Fusion" on the horizon. There's also OTPU's idea about the pebble-bed reactor providing power to crack oil out of coal and oil shale, and a number of biowaste to oil projects. That'd take a significant chunk of money, though, just for the reactor. But it could be used to bootstrap a project...
And perhaps even venture into diamonds... after all, this is blue-sky stuff.
Naturally, I'd need an office, and a staff of folks as nuts as I am. Let's see - I'd need an accountant, an office manager, a lawyer, and three or four people who'd be willing to find new ideas, then travel and scope them out with both a credulous and critical eye, and be able to write a decent report on what they saw.
But first, there's winning the lottery. THAT'S the hard part! (grin)
J.