A WSJ story to bring a tear to your eye - the troubles of billionaires and their estates

[murdoch]

Eugene Sukup has a $15 million estate. Thanks to BUSH, if he dies this year, his estate goes to his heirs tax-free. If he dies next year, his estate will be taxed because of OBAMA. OBAMA has created an incentive for him to die this year.

I completely broke down sobbing when I read this quote from the article:

"You don't know whether to commit suicide or keep on living and working." - Eugene Sukup

Don't you people have a heart? Take a look at Sukup standing in front of his parent's grave.


Think of what turmoil you are putting this millionaire through. His inheritance stands to be taxed.

Have a heart people. Stop being so cruel. Reach out and think about the most vulnerable, those who need to be taken care of - the millionaires and billionaires currently writing their estate plans.

http://online.wsj.com/article/SB10001424052748703609004575355572928371574.html

[RandomThoughts]

1. Interesting name on the tombstone.

Suck Up.

[lonestarnot]

2. K & R for poor Mr. Richie Rich.

:cry:

[Bluebear]

3. SUCKUP. Appropos.

[onehandle]

4. I can't wait to use your death taxes to fund my Socialist lifestyle.

To your health.

[Ishoutandscream2]

7. LOL!

:rofl: :rofl: :rofl: :rofl: :rofl:

[Toucano]

15. Good one! n/t

[notadmblnd]

5. I think he should choose suicide.

:nopity:

[Ishoutandscream2]

6. LOL!!!

Seriously, I am laughing my ass off. This could pass for the Onion. The Wall Street Journal - a bleeding heart publication for the rich.

[metapunditedgy]

8. So this guy's grandkids have a price on his head?

I couldn't imagine putting a money value on my relatives' lives.

[Ishoutandscream2]

10. The kids are probably looking to hire a hit man for New Year's eve

Ya know, just in case Grandpa doesn't do the right thing and die already.

[hfojvt]

37. there was a Benny Hill skit

where Benny played this rich businessman who gives a two or three minute spiel where he keeps repeating the advice "eliminate the middle man" as the key to success. Then he clutches his chest and says "I am having a heart attack, call an ambulance" The son leaves and comes back ten seconds later and Benny says "Did you call an ambulance." and the son says "No, I eliminated the middle man, I called the coroner." and Benny says "That's my boy!!" before he keels over.

[Ishoutandscream2]

41. LOL! Hilarious!!

[notadmblnd]

14. I wonder why his children are waiting for a handout from him.

Shouldn't they be pulling themselves up by their bootstraps. Talk about a sense of entitlement!

[midnight]

9. K&R

[Ishoutandscream2]

11. Kick for the night owls

[Skink]

12. In all seriousness the repubs have been planning this since Nixon.

It's what the Bush tax cuts were all about. Money was put into tax free accounts 30 years ago and is now coming do in 2010 and being passed on. Financial planning at its best.

[Toucano]

13. "This kind of a tax regime is a real disincentive to work, save and generally be productive."

I assume it goes like this:

Martha: I was expecting to inherit $15 million from grandpa's estate, but he didn't die in time and I only got $8 million.

Sue: That's terrible! Whatever will you do?

Martha: Nothing, I suppose. I mean, what's the point? I'll just sit on my ass and eat Doritos all day.

Sue: I guess you're right. The estate tax is such a disincentive to work and be productive.

Martha: I know! And forget saving it. Do you know that at 0.21% my bank offers, it will only earn $16,800 a year? I told them "No thank you!" I mean, who wants that? I'm better off spending all my money as fast as I can on something completely worthless.

Sue: I think my husband, Mike, can get you some mortgage backed derivatives it it will help? He might still have some Enron stock laying around, too.

Martha: Oh, it sure would! Gosh, when the hard times come, a gal really learns who her true friends are! Thanks, Sue!

And...scene!

[Ishoutandscream2]

16. Kick. NT

[Ganja Ninja]

17. "You don't know whether to commit suicide or keep on living and working."

I'll kill you for a nominal service charge Eugene.:evilgrin:

[JVS]

18. OH THE HUGH MANATEES!

[B Calm]

19. Man am I ever glad I don't have a name like Sukup. LOL

[Liberal_in_LA]

26. +100

[hfojvt]

39. "me and Cap Weinberger are gonna beat this!!"

Opus, responding to Milo saying that your name determines your destiny. It could be worse though. Your name could be Berkeley Breathed.

[marmar]

20. .......

[Ishoutandscream2]

24. +1000000000000000

[Soylent Brice]

30. *chuckle*

[malaise]

21. I hope his heirs kill him

He dies, they go to prison and the government sucks up the inheritance. Fuck them.

[EstimatedProphet]

22. It takes a lot of nerve to claim that it's better to kill yourself than pay taxes

[Lucian]

23. If he's bitching about the fucking taxes, then he should just fucking off himself already.

Good gods.

Of all the shit going on in this world, the WSJ posts shit like this? Who's going to feel sympathy for these assholes, except other rich people?

[Liberal_in_LA]

25. hee!

[county worker]

27. Well the wealthy should be permitted to grow all the wealth they can tax free

because they are the ones who are productive and give the rest of us a meaning to live. And someday you can be wealthy too and get your wealth tax free.

Of course that is the freeper point of view.

My opinion is that we need to tax them to reduce the deficit.

[TwilightGardener]

28. Why would anyone consider killing themselves to keep their heirs

from paying taxes...SRSLY??

[Rex]

29. Fuck billionaires, they watched Rome burn!!

This must be a joke...no way I'm believing its last name is SUCKUP(sic).

[uncommon]

31. That guy started that company from nothing and built it up, he isn't some trustafarian douche.

Yeah he should pay taxes, and a fair bit of them, but painting him as some sort of pathetic monster is pretty unreasonable.

His business also employs 350 people which is no small thing.

[TwilightGardener]

33. But he wants his KIDS to be tax-free trustafarian douches. If you have to pay taxes

on lottery winnings, you have to pay taxes on lucky-sperm lottery winnings, too. End of story.

[formercia]

32. Such is the fate of Corporate Whores.

Forty years of fucking your fellow man for the benefit of corporations, and their shareholders, and all you get is this?

Fuck you too. Now it's your turn.

Welcome to Serfdom.

I wish I had your problems.

[mnhtnbb]

34. Greedy in life? Greedy in death.

[McCamy Taylor]

35. Die next year and leave it to the poor. Let his kids work for a living.

Inherited wealth breeds arrogance and idiocy. Kids who know that they never have to work for a living never grow up.

[SammyWinstonJack]

36. For fucking real?

:puke:

[Ishoutandscream2]

40. Unreal, isn't it?

I keep coming back to this thread and reading the WSJ article. Just a reminder that this is real. The audacity of these people and that rag of a newspaper.

[hfojvt]

38. the answer to Mr. Sukup's dilemma. WWJD

Matthew 19: 21

"Jesus said to him, 'If you want to be perfect, go, sell what you have and give to the poor, and you will have treasure in heaven, and come, follow Me.'

[ladywnch]

42. maybe he should be more concerned about his 'loved ones' bumping him off soon!

...so as not to lose any of their inheritance to taxes......besides, what does HE care, he'll be DEAD!

[Foo Fighter]

43. I'm not sure who to feel more sorry for,

Sukup or the poor, overworked people in Congress. From the article:

"Many Washington insiders are betting Congress won't act this year because of an overflowing to-do list, the fall election and fewer than 40 working days left in 2010. At least one near-deal has failed the Senate this year."

Fewer than 40 working days left in 2010? Damn, must be rough to have such a tough schedule.

[donheld]

44. He's worried about suicide while

his kids are questioning whether or not they should kill him before it's too late.