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Why nobody ever wins the car at the mall

thehustle.co

441–450 of 471 posts

Re: Why nobody ever wins the car at the mall

#441
post #253

Earlier quoted context omitted.

Some of these promotion companies pay a lot of money just to have their cars as part of promotions (and the sweepstakes companies can get into big trouble if their systems are not setup to give away x cars. Most of them are time seeded so someone is guaranteed to win one a week). If your already investing that much money, can't the company also cover the taxes, or do most states have laws forbidding that? It seems li…

You're paying income tax, not sales tax, because winnings are income. (Think about professional gamblers...) Income taxes are progressive, of course, and then there are a mess of deductions. But they could still make an estimate by just assuming the person is in the $37K to $92K bracket. So that's 25% [1]. > It seems like bad publicity if your "winners" have to pay several thousand in sales tax to get their "prize ca…

> You're paying income tax, not sales tax, because winnings are income. (Think about professional gamblers...)

Think about them why? Gambling income is in a completely different category from a prize you won for free. There's no reason they have to be taxed the same.

Re: Why nobody ever wins the car at the mall

#443

Earlier quoted context omitted.

There's a furniture salesman here in Houston who makes heavy use of that sort of promotion. His latest if you spend $3,000 on a mattress and the Astros win the "2018 baseball final championship series" you'll be refunded the purchase price. Not sure why it's worded so formally; must be a legal thing.

I'm trying to recall the Mancini Mattress (Bay Area) ad -- something like "If we can't beat the price, the mattress is free!" I'm thinking ... ohhh... I bet they always somehow manage to beat the price!

well, if 2 people need a mattress it's easy:

person A buys mattress. sells it to person B for 1 cent

person B (or A, not disclosed in ad) gets mattress for less then 1c

A&B split total cost

Re: Why nobody ever wins the car at the mall

#444
post #307

Earlier quoted context omitted.

Who insures the reinsurance company?

Berkshire Hathaway. Per https://www.reuters.com/article/us-berkshire-buffett-insuran... , they are planning for handling a potential $400 billion catastrophe.

Lloyds of London also do this.

Re: Why nobody ever wins the car at the mall

#445

Earlier quoted context omitted.

This is the advice given by banks and anti-fraud agencies. NB in some countries landlines can remain on a call for several minutes after the call receiver has hung up. A phisher will play a dial tone etc to make it seem realistic. The advice is to either wait 10 minutes (longer?) or preferably call back on another line if you receive a suspicious call.

> NB in some countries landlines can remain on a call for several minutes after the call receiver has hung up. Source for this? I find it highly suspect from a technical perspective (1-3 seconds, maybe, but not several minutes) and nothing I can find online even remotely seems legitimate / real.

[deleted]

Re: Why nobody ever wins the car at the mall

#446

Earlier quoted context omitted.

There's a furniture salesman here in Houston who makes heavy use of that sort of promotion. His latest if you spend $3,000 on a mattress and the Astros win the "2018 baseball final championship series" you'll be refunded the purchase price. Not sure why it's worded so formally; must be a legal thing.

$3000 on a mattress? WTF? How is that even possible for such a highly commoditized good?

>$3000 on a mattress? WTF? How is that even possible for such a highly commoditized good?

I paid close to $3000 for a sleep number matress with adjustable firmness for each side. Still use it every day fifteen years later and think it was well worth the money.

Re: Why nobody ever wins the car at the mall

#447
post #30

Back in the 90s there was a hilarious trend of winning the car in the mall by being the person to be in the car the longest. This was when SUVs were becoming a really big thing. People were sleeping in the car with 5 other strangers to see who could outlast the others, with only short bathroom breaks allowed. I'm not really sure what the advertisers/dealers won in that exchange.

These competitions are all fun and games until someone receives severe frostbite. http://news.bbc.co.uk/1/hi/england/2691229.stm

Re: Why nobody ever wins the car at the mall

#448

Earlier quoted context omitted.

It’s not just the UK in Europe though. Sweden is worse for gambling advertising than the UK ever has been, at least 2/3rds of evening TV adverts here are for online casinos.

In Sweden I was surprised at the the gambling games aimed at kids at fairs/theme parks. Roulette/wheel of fortune gambling to win big bags of sweets and chocolates. In the UK I think you'd at least have to introduce an element of skill into the game. (Also I've never seen so much candy for sale as in Sweden! It's amazing Swedes have any teeth left.).

Swedish kids are in general only allowed sweets on Saturdays which helps. That actually leads on to a pretty dark story too long to write in this margin, but Wikipedia has a good summary: https://en.wikipedia.org/wiki/Vipeholm_experiments

Re: Why nobody ever wins the car at the mall

#449

Earlier quoted context omitted.

$3000 on a mattress? WTF? How is that even possible for such a highly commoditized good?

>$3000 on a mattress? WTF? How is that even possible for such a highly commoditized good? I paid close to $3000 for a sleep number matress with adjustable firmness for each side. Still use it every day fifteen years later and think it was well worth the money.

In India, my family spent Rs. 500 (about $8) for a custom-made mattress, that's filled with high-quality cotton tightly stuffed into it. No foam whatsoever. 30 years later, it's still rocking.

Almost everyone here in India uses custom-made mattresses. Foam-based products are of recent launches and not many people use that. Only younger generations.

Re: Why nobody ever wins the car at the mall

#450

Earlier quoted context omitted.

Have to smile, reading this. It reminds me of the time I received a very scammy call telling me I'd won a week's holiday in Florida (US accented person; I am not in the US). Now in my world view, if first prize is a week in Florida, second prize would be two weeks in Florida. Losers get to spend the rest of eternity at Maralago (sp?). But all that's a horse of a different colour... I asked the caller to hold a moment…

I know a lot of telemarketers can not hang up a phone themselves or require a manager to do it for them. Not hanging up is a great method if you want to annoy them

I considered it a service to society -- the longer they're (supposedly) on the phone to me, the less time they have to annoy other victims.

Also: I just wondered how they would treat the situation. Clearly with more patience than I would!

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