I think that the size of lotto payouts are simply getting too large. Such an excessive amount for an individual to receive in a single payout is irresponsible. What advice would be available to an individual is this position? Which adviser would you turn to? Lawyer, financial, friend, accountant? How could you find experience from others that would be credible? Everyone would want to offer advice...
Honestly, I have everything I need. Getting to that level slowly would be far easier to make sense of than receiving it at once. Who would you trust for advice in such an extreme situation?
In fact, I would expect that $34mill would not be an unusual amount for some higher salaried public sector workers. Say they get to salary of $350K when you're fifty. I happen to know one of the deputy secretaries for justice, who came to the job as a solicitor from the private sector law firm as a partner on at least $500K. He took a paycut for the job. Charles Chavuel from the labour party was another. By then you might have amassed a couple of Million in Funds under active management (FUM), that doesn't include the family home. At the rate of 20% for 10 years, those funds would reach around $7mill compounding, a contribution of savings and investment returns. A further ten years of savings now at age 70, they would be at $54mill, but probably difficult to get that rate at that age. Anyhooo, $34mill would not be out of the ordinary for some people at some point in their lives, but they do collect superannuation without penalty.
People with such large wealth, now in the thousands I'm guessing, would have a perspective that we hear very little about. In fact, such a perspective is very difficult to access, unless you win lotto. Why is wealth so absent from discussion, and yet the news media obsess themselves with inequality? They just can't bring themselves to admit that such wealth really does ordinarily exist in NZ, least that disturb their closeted debate of political convenience.