Ol' Kickin' realizes that anecdotes don't mean a lot, but, here's a personal anecdote.
When he died, his business was assessed at a value of $300 million -- his first son was a musician not interested in the business; his second son took over and proceeded to ruin the business.
The First son came back, wrote second son a check for $10 million and told him to never set foot on the property again.
First son took over, sorted out the wreckage, and has now moved the business into bigger and better -- and more profitable ventures. They are not really suffering from the current recession.
Shortly after the Bush Tax Cuts for the Wealthiest Americans kicked in, first son told me those tax cuts put $86,000 in his pocket the first year and $120,000 in his pocket the second year.
And what did he do with this money?? Invest in the business? Invest in other businesses? Hire more workers?
No.
He bought his mother a new Lincoln -- her current one was 18 months old -- bought his wife a couple of furs and bought cars for his two kids who were driving. Beemer's, of course.
Now there's economic stimulation for you!
See http://www.alternativesmagazine.com/25/beaton.html
source: Newsgroups: alt.politics
From: Kickin' Ass and Takin' Names
Date: Mon, 06 Dec 2010 12:09:03 -0500
Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA
Netcraft rank: 7853 http://toolbar.netcraft.com/site_report?url=http://rightardia.blogspot.com
Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA
No comments:
Post a Comment