Skip to comments.Millionaire Leaves Entire Estate To Pay National Debt
Posted on 01/20/2006 4:53:38 PM PST by Cagey
FINDLAY, Ohio -- The federal government is reaping a $1.1 million windfall from the estate of an Ohio woman. But the money comes with specific instructions.
Margaret Taylor's will said the government has to use her fortune to help pay down the national debt. A spokesman for the Treasury Department said it may be their largest donation ever.
Taylor died in November at age 98. She told her family that she planned to use her money to help people, but didn't reveal her plans.
The executor of her will said he tried to talk Taylor out of giving her money to the government, but she wouldn't listen. Attorney Tom Drake said Taylor was a staunch Democrat who believed the national debt should be paid off.
She`s a certified Idiot .
(totally different headline)
A Democrat doing something to help the country? That's just weird.
Why? It is her money as she could do with it as she pleases.
This was like 0.000000000000001 cent to the government.
Certifiable? You betsha!
Well, at least she put her money where her mouth was. This is way more than could be said about the likes of, say, MA or NY senators.
Poor deluded woman. You cannot help a drunk by giving them another bottle of whiskey....
How long did it take to absorb the whole amount in interest charges, a few seconds?
Were you in her will at one time?
" She`s a certified Idiot ."
That took all of 2 minutes, if that, for the Govt to spend.
$1.1 million is not a "windfall" to the government; it's a very, very small chunk of pocket change.
It would, however, have sent all of her grandkids to college.
A fool and her money ...
From a difference, nanny.
Her business, I suppose. But if she didn't want to give it to her relatives for some reason, there are plenty of worthy charities out there.
I haven't crunched the numbers, but a million dollars thrown into the Treasury will probably slow the growth of the national debt by a fraction of a second.
This qualifies for the "How to piss-away 1 million dollars in the shortest amount of time" award.
Senile people shouldn't be allowed to write wills.
May she rest in peace.
Her call, but I think she could have helped a lot more people if she'd have given that money to a local church or the Salvation Army.
Maybe John Kerry can put in a few million to help out too. Oh wait, it's not his money. It's his wife's. I wonder if she gives him an allowance?
In other news, a budget amendment was proposed later in the day adding $1.1 million to subsidize mohair in Alaska.
Rewarding inefficiency... stupid.
Did I ever mention that my real name is "Pay Down the National Debt"?
Will the feds have to pay inheritance tax?
"She`s a certified Idiot ."
LOL! Oh, I can't agree, she's a woman who has put her money where her mouth was. It must have given the estate planners conniption fits, not to mention the heirs. But I say good for her, if all the dems has this much honesty the country would be a better place.
What a crying shame. A lifetime of protecting and gathering assets, tossed away like a pail of sand into the ocean.
Another case of booze for Teddy.
It's a shame that she didn't actually use it to help someone. Or a lot of someones.
A quick calculation.
Total National Debt: $8189 billion
Assuming 4% interest: $327.5 billion/year,$897 million per day, $37.3 million/hour, $0.0104 million/second
The Woman's fortune paid for ~100 seconds of INTEREST on the national debt.
Its not good to talk ill of the dead, but one really has to be stupid to flush more money into this deep dark black hole called the govt.
This has already been posted, but isn't it great, She probably left enough money to pay for Bill Clinton's haircuts at airports while he was president.
probably less than a fraction of a second once the Senate Appropriations committee gets ahold of it. Basically, she traded her $1.1 million for a fancy IOU from the government.
Congratulations, Miz Taylor, your kind gift has now funded 3 acres of asphalt in the dominion of Grand Dragon Robert 'Sheets' Byrd! Thank you for participating in the system!
Won't be a drop in the bucket to the national debt but it could have surely erased all my personal debt.
Yeah figures we get one well intentioned, clear thinking Democrat and we had to find out posthumously.
What a waste. Her family must be pissed.
Best laugh of the day.
Giving government money and expecting something good to happen? The family ought to be able to set this aside since she was obviously mentally incompetent.
Am curious how she accumulated over a million dollars to give back to the rich (Government).
It's like trying to bail out the Titanic with a shotglass.
You know what this means?
WE CAN RAISE TAXES AGAIN!!!! :D:D:D:D:D:D:D:D
Happy Day for lefties everywhere!