Posted on 07/08/2008 11:05:21 AM PDT by Kozman
Billionaire, former mutual fund manager, Sir John M. Templeton has died. Templeton ran some of the most successful mutual funds during the initial boom years for mutual funds.
In 1939, when World War II began in Europe and the stock market was at record lows, Templeton borrowed $10,000 and bought 100 shares each in 104 companies that were selling at $1 a share or less, including 34 in bankruptcy. A few years later, he made large profits on 100 of the companies; four turned out to be worthless.
Templeton renounced his American citizenship in the 1960's and moved to the Bahamas.
He said his investment record improved after he distanced himself from Wall Street and no longer worried about the tax consequences of his decisions...
(Excerpt) Read more at economicpolicyjournal.com ...
Where do you guys get this stuff?
Yes, you can leave but only after you pay the government the taxes they think they should get. Sounds kind of like ransom. True freedom to leave would be if you could leave with your assets in tact.
You must really hate this country...
I love the country...and I wish they didn’t steal so much money from me.
Stand beside her,
and guide her,
through the night
with the light
from a[n] incandescent bulb.
Cordially,
So, you love the country, but hate the gubmint?
True this is still a great country, but it doesn’t resemble the Founders plan. If there was another America discovered, I would consider moving there.
Well, we can run away, like this guy we're discussing here did.
Or, we can do nothing; which is what most folks are now doing.
Or, we can try and put things back right.
I choose "three."
That is the only option for me too.
“So, you love the country, but hate the gubmint?”
Love the country fear the government. Also think any tax rate that is higher than 10% is theft.
The entire gubmint or just selected parts? For instance, do you fear the armed forces and the post office?
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