I would go to Oklahoma State to play football
- Thread starter andersoncountycock
- Start date
Agreed, but is his family gonna give like he did?
On a side note, OSU did recently put a statue of Pickens outside the stadium for viewing pleasures.
Money aside, I would go there as well. They have an awesome campus in a great college town.
They almost certainly won't. After the IRS takes 45% of his estate half of it will be gone. What's left will probably be split among various heirs.
Which benefits the rest of us. Research has shown that heirs of fortunes tend to spend much more freely than the initial wealth builder. Leaving fortunes to one's heirs is probably the most efficient way to redistribute that wealth back into the economy where the rest of us can compete for it.
But where is it now? And in whosever hands it is, what are they doing with it?
As opposed to the original wealth builder who invested the money into the economy, built large companies, provided thousands of jobs to people who pay taxes, pay millions of $ on payroll taxes, property taxes, income taxes, etc, etc, etc?
No, as opposed to leaving it to a foundation, that never divests itself of the principal, or leaving it to the government as estate taxes.
The IRS will get 45% of the estate unless he left most of it to a charity. The current estate exclusion (don't know when he died) is $11.8 million so he can shelter $23.6 million if he set up a trust B to his wife in his will. So nearly half of it will be wasted in government spending, not invested in the economy.
Wonder who he voted for in the most recent election?
