Is there Is someone who doesn’t win the lottery and become a millionaire? For most of us this amazing world of lucky people seem unreachable but so desirable. However, after reading Money for nothing: One Man’s journey through the Dark Side of Lottery Millions you wouldn’t think the same about any type of gambling. The author of the book, Edward Ugel, was born in New York and raised in Washington, DC. He graduated from University of Colorado, Boulder with a B.A in film Studies. However, by the mid 30th he was broke, knee-deep in gambling debt, and moving back to his parent’s basement. Then, I man approached him in a bar and asked if he want to work for the Firm. That’s how his almost a decade-long relationship with a lottery-winner’s world started. The Firm is an organization that contacts people who just won a lottery and proposes to give them a cash money right away with an exchange of “portion of their long-term annuities”. Legal but poorly controlled organization uses people’s weaknesses to get their money. The author is very good at this job mostly because of his experience. His was …show more content…
“The one who really harm winners are the state lotteries themselves” Ugel said. (Ugel 39) And after he shows why. That it’s a very profitable field for the government, because after winning a lottery, the winner has to pay about 50 percent in taxes (or even more) and he will get his or her money in the form of yearly payment about $70,000. And that doesn’t make you very rich. Government spends millions of dollars every year on advertisement. They show lottery winners on the big screens so the whole country can see that it’s possible to win this sum of money, you just have to be lucky. And people fall into this trap. “Unfortunately, there are tens of thousands of people whi are convinced that they have chops to sit with, and beat, Daniel Negreanu.”(Ugel