Thursday, March 19, 2009

Madoff's Estate Plan

Bernie Madoff did what every responsible father tries to do--provide well for his family and leave a large estate--though he did it without dying. He has sacrificed personal freedom in his old age in order to protect the jillions he had passed on to members of his family--a unique way of avoiding inheritance taxes. In this age of super-computer networks, surely someone can find where some of those billions he stole are. We can keep travelers with questionable names off airplanes. Can't we block his family's and employees' access to the assets acquired through Daddy Bernie's nefarious schemes? He shouldn't be considered an "Indian giver" if he asked for the return of all that jewelry and other expensive stuff he mailed off to his relatives while he was still confined to his penthouse. His wife and kids continue to sit in the lap of luxury he provided, laughing all the way to the bank. Way to go, Papa Madoff!

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