On 3/20/2016 6:54 AM, Colonel Edmund J. Burke wrote:
> Spendthrift: a person who spends money in an extravagant, irresponsible
> way. (cf: Dennis €œI cant stop spending my money frivolously€� Johnson.)
>
> In 2008, when his father finally kicked the bucket, Dennis Johnson was
> given three-quarters of a million dollars, set up in an irrevocable
> trust fund. Such trusts are also known as Spendthrift Trusts
> (https://en.wikipedia.org/wiki/Spendthrift_trust). At the time, Dennis
> was 50.
>
> In addition to his principal assets, the money held in trust that is,
> Dennis held about one hundred thousand dollars under his
> €œsupervision€�€”what we might call his €œliquid holdings.€� Said assets
> consisted of a Chase Bank Savings Account (what we used to called a
> passbook savings account back when the banks paid interest) and an IRA
> account (of unknown value). Dennis was doing €œgood€� by continuing, up
> until recent times, to make yearly contributions to the IRA.
>
> BUT, LIKE THEY SAY€¦€¦..SHIT HAPPENS.
>
> Now, its no secret that Dennis has an ongoing gambling problem (he
> admits this). He also admits some past problems involving certain
> Korean women and massage parlors along E.C. Boulevard. Although the
> Koreans are no longer a problem for him€”having kicked his silly ass to
> the curb several years ago€”the Indians still remain something of a
> vexation.
>
> €œUh, hey Chief. . . Looky there, isnt that heap stoopid dipshit Dennis
> coming to spend more IRA money again?€�
>
> €œHey, you be quiet, Laughing at Paleface. We got kids at Harvard. We
> need money from stupid white trash.€�
>
>
> €œWell, Mister Johnson, Im afraid thatll be a twenty-five percent
> penalty,€� the H&R Block guy said. €œBy the way, if you had waited just
> one more year, there wouldnt have been any tax consequence . . . er, sir.€�
>
> Ah shucks,€� said Dennis, twitching a little more than usual.
>
> €œBut, the good news is that we can write off most of your gambling
> losses€¦. Hmm, you must be some big gambler. . . Well, there ya go. Im
> done, Mister Johnson. Heres what ya owe the IRS, by the way. Consider
> your taxes filed as of now. Just dont forget to send "em that check or
> theyll charge ya interest.€�
>
>
> April 15, 2018
>
> Dear Diary,
> I think I saw Dennis the other day. I was waiting at the light on
> Pacific Highway. I looked across the road, over at the group of
> homeless €œveterans€� gathered around a bottle of MadDog 20/20, when I saw
> him. He was a terrific sight€”unshaven, filthy, with pimples all over
> his face. Which might have been Kaposi's sarcoma sores. At that moment
> the light turned and I drove off, thinking about the old saying €œA fool
> and his money€¦.€�
>
>
> THE END
>
> This article is dedicated to the memory of Dennis liquid assests: 2008
> €“ 2016.
> May his liquidity, and the souls of the faithful, REST IN PEACE.
> AMEN.


I could never pass up "60 Minutes."

Colonel Edmund J. Burke wrote:
> On 3/20/2016 6:54 AM, Colonel Edmund J. Burke wrote:
>> Spendthrift: a person who spends money in an extravagant,
>> irresponsible way. (cf: Dennis €œI cant stop spending my money
>> frivolously€� Johnson.) In 2008, when his father finally kicked the
>> bucket, Dennis Johnson
>> was given three-quarters of a million dollars, set up in an
>> irrevocable trust fund. Such trusts are also known as Spendthrift Trusts
>> (https://en.wikipedia.org/wiki/Spendthrift_trust). At the time,
>> Dennis was 50.
>>
>> In addition to his principal assets, the money held in trust that is,
>> Dennis held about one hundred thousand dollars under his
>> €œsupervision€�€”what we might call his €œliquid holdings.€� Said assets
>> consisted of a Chase Bank Savings Account (what we used to called a
>> passbook savings account back when the banks paid interest) and an
>> IRA account (of unknown value). Dennis was doing €œgood€� by
>> continuing, up until recent times, to make yearly contributions to
>> the IRA. BUT, LIKE THEY SAY€¦€¦..SHIT HAPPENS.
>>
>> Now, its no secret that Dennis has an ongoing gambling problem (he
>> admits this). He also admits some past problems involving certain
>> Korean women and massage parlors along E.C. Boulevard. Although the
>> Koreans are no longer a problem for him€”having kicked his silly ass
>> to the curb several years ago€”the Indians still remain something of a
>> vexation.
>>
>> €œUh, hey Chief. . . Looky there, isnt that heap stoopid dipshit
>> Dennis coming to spend more IRA money again?€�
>>
>> €œHey, you be quiet, Laughing at Paleface. We got kids at Harvard. We
>> need money from stupid white trash.€�
>>
>>
>> €œWell, Mister Johnson, Im afraid thatll be a twenty-five percent
>> penalty,€� the H&R Block guy said. €œBy the way, if you had waited
>> just one more year, there wouldnt have been any tax consequence . . .
>> er, sir.€� Ah shucks,€� said Dennis, twitching a little more than usual.
>>
>> €œBut, the good news is that we can write off most of your gambling
>> losses€¦. Hmm, you must be some big gambler. . . Well, there ya go.
>> Im done, Mister Johnson. Heres what ya owe the IRS, by the way.
>> Consider your taxes filed as of now. Just dont forget to send "em
>> that check or theyll charge ya interest.€�
>>
>>
>> April 15, 2018
>>
>> Dear Diary,
>> I think I saw Dennis the other day. I was waiting at the light on
>> Pacific Highway. I looked across the road, over at the group of
>> homeless €œveterans€� gathered around a bottle of MadDog 20/20, when I
>> saw him. He was a terrific sight€”unshaven, filthy, with pimples all
>> over his face. Which might have been Kaposi's sarcoma sores. At that
>> moment the light turned and I drove off, thinking about the old
>> saying €œA fool and his money€¦.€�
>>
>>
>> THE END
>>
>> This article is dedicated to the memory of Dennis liquid assests: 2008 €“
>> 2016.
>> May his liquidity, and the souls of the faithful, REST IN PEACE.
>> AMEN.
>
>

On 3/24/2016 1:25 PM, % wrote:
> Colonel Edmund J. Burke wrote:
>> On 3/20/2016 6:54 AM, Colonel Edmund J. Burke wrote:
>>> Spendthrift: a person who spends money in an extravagant,
>>> irresponsible way. (cf: Dennis €œI cant stop spending my money
>>> frivolously€� Johnson.) In 2008, when his father finally kicked the
>>> bucket, Dennis Johnson
>>> was given three-quarters of a million dollars, set up in an
>>> irrevocable trust fund. Such trusts are also known as Spendthrift
>>> Trusts
>>> (https://en.wikipedia.org/wiki/Spendthrift_trust). At the time,
>>> Dennis was 50.
>>>
>>> In addition to his principal assets, the money held in trust that is,
>>> Dennis held about one hundred thousand dollars under his
>>> €œsupervision€�€”what we might call his €œliquid holdings.€� Said assets
>>> consisted of a Chase Bank Savings Account (what we used to called a
>>> passbook savings account back when the banks paid interest) and an
>>> IRA account (of unknown value). Dennis was doing €œgood€� by
>>> continuing, up until recent times, to make yearly contributions to
>>> the IRA. BUT, LIKE THEY SAY€¦€¦..SHIT HAPPENS.
>>>
>>> Now, its no secret that Dennis has an ongoing gambling problem (he
>>> admits this). He also admits some past problems involving certain
>>> Korean women and massage parlors along E.C. Boulevard. Although the
>>> Koreans are no longer a problem for him€”having kicked his silly ass
>>> to the curb several years ago€”the Indians still remain something of a
>>> vexation.
>>>
>>> €œUh, hey Chief. . . Looky there, isnt that heap stoopid dipshit
>>> Dennis coming to spend more IRA money again?€�
>>>
>>> €œHey, you be quiet, Laughing at Paleface. We got kids at Harvard. We
>>> need money from stupid white trash.€�
>>>
>>>
>>> €œWell, Mister Johnson, Im afraid thatll be a twenty-five percent
>>> penalty,€� the H&R Block guy said. €œBy the way, if you had waited
>>> just one more year, there wouldnt have been any tax consequence . . .
>>> er, sir.€� Ah shucks,€� said Dennis, twitching a little more than usual.
>>>
>>> €œBut, the good news is that we can write off most of your gambling
>>> losses€¦. Hmm, you must be some big gambler. . . Well, there ya go.
>>> Im done, Mister Johnson. Heres what ya owe the IRS, by the way.
>>> Consider your taxes filed as of now. Just dont forget to send "em
>>> that check or theyll charge ya interest.€�
>>>
>>>
>>> April 15, 2018
>>>
>>> Dear Diary,
>>> I think I saw Dennis the other day. I was waiting at the light on
>>> Pacific Highway. I looked across the road, over at the group of
>>> homeless €œveterans€� gathered around a bottle of MadDog 20/20, when I
>>> saw him. He was a terrific sight€”unshaven, filthy, with pimples all
>>> over his face. Which might have been Kaposi's sarcoma sores. At that
>>> moment the light turned and I drove off, thinking about the old
>>> saying €œA fool and his money€¦.€�
>>>
>>>
>>> THE END
>>>
>>> This article is dedicated to the memory of Dennis liquid assests:
>>> 2008 €“ 2016.
>>> May his liquidity, and the souls of the faithful, REST IN PEACE.
>>> AMEN.
>>
>>
>
LOL