• barneypiccolo@lemm.ee
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    3 months ago

    This is also why if you hit the lottery, you should take the discounted upfront cash payout, and not get it paid in an annual annuity for 20 years. You never know if the government is suddenly going become moral about gambling, and cancel all lottery payments.

    Take the money and run.

    • Libra00@lemmy.ml
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      3 months ago

      Also because that lump sum is all there is. If you take the annuity they put the lump sum into an investment account and then pay you out of the proceeds (from which they take a cut, of course), and you can get the same returns they get, without losing their cut, doing it yourself.

  • glitchdx@lemmy.world
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    3 months ago

    Considering how many companies are forcing into their TOSs forced arbitration and waving the right to class action lawsuit, of course this kind of shit was going to happen.

  • hamFoilHat@lemmy.world
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    3 months ago

    Glad people care this time, pure VPN did exactly the same thing except without the buyout. 5 years into a lifetime plan they said, “sorry, your account is closed”. They were offering 5 year plans for less when I got the lifetime one. They didn’t care and told me to complain to slashDot because that’s where I bought it.

    • Schwim Dandy@lemm.ee
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      3 months ago

      Pure did the same to me. They’d rather lose lifetime subs and save the traffic than foster customer loyalty. They didn’t expect any of us to pay for a recurring subscription after doing what they did.