Human

On December 1st, each and every enrolled member of the Eastern Band of Cherokee Indians received over $4,000 for their "per capita income". No catch, just for being an enrolled member.

That's eight grand for being Native American/EBCI. Per year. I raged when I found this out. Then I found this out.

My acquaintance (hate this fuck) was talking about the bonus they get when they turned 18. I asked how much, assuming it was around the same as a per cap check. He told me he got a little bit over $80,000.

For turning 18. They pay for your college education, medical expenses, etc etc. He bought a Volkswagen Tiguan, put a $10K down payment on a house, and spent the rest on weed and alcohol within a year. Now he has nothing.

Jelly aside.

What would you do with $80,000 when you turn 18, if you were able to go back to that age with the knowledge you have now of the world?

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

Human

Oh, yeah:

$10K for this.



$20K on a down payment + year or more paid on a condo here.



$25K invested in real estate. $25K invested, half in T-notes, half in high-risk stocks.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

crackp0t

Why would you rage? That's tribal money and they can do wtf they want with it. Where do you think all the money from the Indian casinos goes to, sweat lodges and liquor? You also have to realize small tribes don't have shit like that, because they can't afford to.

__________________

avatar33

I also learned recently that natives are allowed to travel AND work freely anywhere in North America. No need to apply for a working visa like us.

__________________
You're born an original, don't die a copy.

bobby_custard

Id buy property and rent it out

Human

Understandable.

I know where the money for Indian casinos goes. As far as this one is concerned, it's 20% profits to property enhancements/reinvesting, 40% towards per capita checks, and 40% towards medical benefits, college educations, etc. And that's a lot of money. As in over $12 billion paid out over the past ten years. Just profits.

Source: I work there, and have read the financial reports.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

crackp0t

At least you know where it goes. Most people have no clue. Btw I'm part native.

__________________

charlesmartel

When whites are put on reservations, I wonder if we'll get the same tax benefits.

Human

Cool deal. Eastern Band? I've got absolutely nothing against Native Americans. Heck, they're the ones who hired me here, and I love this job.

Something just doesn't seem right about all of this...

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

eliquid

Id start a gas station that has liquor and slot machines...

__________________
.
.

crackp0t

Sac and Fox. It might not seem right, but the money the tribes make and distribute really does do a lot of good. If you think about it it really is their money to do with how they see fit.

__________________

Shaqsquash

There are still Native Americans?

I thought white ppl killed them all.

__________________

vgeek

If I were a Native American and got $80k, I'd get $80k of liquor just to reinforce the stereotypes.

seolinker

^
mine ? lol

TigerUK

12% interes a year, ye right,. in this climate youre looking at get paid 1% a YEAR in interest

p.p.s. 1% compounded over 12 months is more than 12% but i cant be fucked to do the math

__________________
http://img222.imageshack.us/img222/4...2011192527.jpg

greenleaves

He might live in a country where the currency is constantly depreciating.


@ OP,
If I got that money @ that age, I'd probably be half the man I am now. Pain and suffering have made me what I am. No jelly here. I might be earning 3x as much, since I would have had start up capital when I wanted it, in an industry that took off, but... I would not be half as smart or wise as I am now.

__________________
Hit me up for bulk Herbal Incense. The potent kind that works. $2k/1000g - Sell it for $5-22/Gram, That's 1000% Profit! Much lower prices for bigger purchases.

No banned substances, 50 states legal, includes lab certificate. PM me for info.

If a trash collector can make 7 digits on this, you can too. To read more about this, view this bloomberg article.

JVHorn88

Start a casino

amateursurgeon

Well, it was their country to begin with, after all. Why should they need a permit to work in in it?

As for the per capita income thing - if I understand the way you've explained it, it works like this:

The Cherokee Nation owns a bunch of casinos, liquor stores etc, the profits of which are part reinvested, part distributed amongst all the members of the nation, leading to a bunch of Indians who have a nice bonus every year.

This is as opposed to if they were owned by some white people, in which case the profits would be shared amongst the 3 people who owned it. Meaning there would be 3 very rich white people, and no bonus for the Indians?

__________________
Exact Match Domains still work well for SEO
Get lists of profitable ones at EMDLists.com

blogspotter

Went to portsmith once, on the plantation, where these natives play-act like a period native.

They explained to visitors about those early days and stuff like that.
Once of the guys got sentimental and started talking about white people still killing them in reservations and all that. I was like.. WTF.. There were kids and all..

__________________
Excsue my typos and Accent, it is jsut that Engrish is my 5th Language!

A year from now you may wish you had started today!

Zaino

Educate yourself.

affiliate724

I lol'd this one.....

Human

Correct, but they also pay zero taxes (property, income, etc) on revenues generated from the casinos. We're a treasure to the Caesars name, as "management fees" are a percentage of net income, and ours is the highest, simply as a result of zero property/income tax.

Think of it this way. There is another, non-reservation casino that makes close to what we do on a monthly basis. After taxes and fees, their numbers are crap. They pay the management about $940K a month. We pay the management about $4.3 million a month.

I guess it's all about profit in the long run.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

infoslob

It's about nothing else.

There's the Shinnecock tribe on Long Island, NY. All they do is bitch and moan about bullshit and sell cigarettes for $2 a pack.

Now they are demanding a casino - in New York City (not the "tribal" lands because it's too small and surrounded by the Hamptons).

But the very best part about this is that the last Shinnecock Indian died in the 1800s. The Shinnecocks are simply black people.

But don't take my word for it, just google it and see for yourself.

amateursurgeon

Most large corporates also pay very little tax due to offshore vehicles, special arrangements etc, so seems fair enough to me.

__________________
Exact Match Domains still work well for SEO
Get lists of profitable ones at EMDLists.com

REIMktg

The Indian Casino's are bullshit. Either make gambling and casino's legal everywhere or not legal at all. This thing that we owe the Indians is crap.

And one time $80K is nothing. I know Natives getting that and much more each year. This combined with low interest no qualifying tribal home loans, free land to build homes on, and all types of perks. Un F'ing believable.

I do not give a crap if they have casinos, but making it so I cannot because I am Dutch - that's BS. If I build a house I have to pull 10 permits and spend $50,000+ in fees, build it 2 blocks away on Indian land - no permits, no fees. Not to mention they do not have to worry about endangered species or anything. Its all BS.

But back to the topic at hand. The good thing is that most Natives are like the OP's friend - blowing the money right back into the economy.

__________________

kingfish

Spend your time being pissed about what other people get unfairly and you'll never get anything yourself.

__________________

REIMktg

Imagine the jacked up world we would have if history was defined by the above.

__________________

Human

Yes, but if I go completely against social norms, I'll get picked on.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

Flowithit

May hustle the highest % for money market from AA+ bank Dont get less then 5%... Typically 5-10% based on how much you can hustle off them Investment Advice : About Money Market Accounts - YouTube

Moxie

They pay federal income taxes. There are about 10 states in the US where nobody pays state income tax. One of these is Alaska, where they also issue oil profit sharing checks to everyone in the state.

Texas Longhorns TV Network: UT Inks $300M Deal With ESPN

The University of Texas does not pay taxes on that. Also, they draw 100,000 per game and own the stadium. They do not pay property taxes as no government run institution pays property taxes. Texas has no state income tax.


Do you feel the same about lottery tickets? Walmart and everyone else is banned from having their own lottery tickets. State governments have a tax-free monopoly on them and take in a lot more money than the casinos.

Treaties were signed giving them the right to control certain aspects of their government, just like the feds allow Nevada some leeway in how their state is run. At state levels, store owners in certain counties are banned from selling alcohol or Hustler magazine, but those in the next door county are not.

It's because you reside in a certain area of land that is defined by imaginary lines. The natives cannot set up a casino in Hollywood, whereas you can in Vegas.

__________________

REIMktg

Fine by me.

I recently wanted to start a raffle with a non profit I am affiliated with where we were giving away a home - no can do. State does not allow the raffle to use proceeds to pay for the prize.


The feds are not allowing "leeway" - its states rights.

The natives can set up a casino in Vegas just as I can. But I cannot set up a casino wherever they can.

So natives can have slots, roulette, craps, and cards (yes I know they are derivations of these to get around the precise games of chance rules)

Other citizens can only have card rooms.

Either gambling is legal or it is not - this pussy footing around the issue giving favoritism to certain groups is crap.

__________________

JCash

Why an A3 and not an STI?

Netphase

The small Shakopee Mdewakanton Sioux tribe here with the closest casino to the MSP metro area gives members about $250k and a piece of land when they turn 18, then around $80,000/month from casino profits after that if they keep their "main" residence on the reservation. They get checks every two weeks for almost $40k.

Moxie

And states, like the feds, choose to recognize native tribes as domestic dependent nations.

So would you prefer the feds to enforce one broad gambling policy and not allow state and/or "domestic dependent nation" rights on this issue?

You can't be an official owner, but you can be an outside investor. This is the case with Len and Mark Wolman, who earn $10 million a year from Mohegan Sun.

Casino jackpot went to investors - The Boston Globe

__________________

craigmc

Well my take is we white europeans stole their country out from under them. In todays society they have found a way to support themselves.

Why should any non-native bitch about their small successes?

DreamMachine

Fuck, this whole thread sounds a lot like racism.

But it's ok because the minority benefits?

__________________
There is no .sig

blogspotter

Damn.. and still Edward Cullen gets to fuck Bella

__________________
Excsue my typos and Accent, it is jsut that Engrish is my 5th Language!

A year from now you may wish you had started today!

erifdekciw

fuck me, im half native and i only got like 2k when i turned 18. the tribe im associated with only opened up the 2 casinos they have like 7 years ago. Either way we don't get shit. I think we get like 200$ every year? LOL. Time to go find me a Shakopee Mdewakanton Sioux girl.

Vendzilla

Im enough % Cherokee for it, don't care

Seminole Tribe bought the Hard Rock cafe from bingo money

Human

Your laziness is causing you to miss out on $8K a year, plus backpay from 18 years old onward.

But yes, this started out as a bingo hall, then expanded, and expanded, and expanded.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

furfing

PATEK PHILIPPE SA - Reference 5131

Human

Oh yes, forgot to mention. One of the Cherokee workers here applied for a loan from an employee no-interest loan fund for people who really need it. Three days after her and her also-Cherokee husband each received the $4K+ per cap check.

I don't understand.

__________________
It's only after you've lost everything when you're free to do anything.

I used to be a shit poster. Now I try not to be.

RoughOutline

Native American Genocide Still Haunts U.S.