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Posted By: spring A Duke, debauchery, and double rifles - 10/01/21 06:42 PM
For your reading pleasure, I thought you might enjoy the sordid tale of a gentleman that found many of the fruits of excess and ultimately the consequences they accumulated.

A paragraph from his biography gives the essence of the man: '...the trustees heard that his French mistress had given birth to his child at a racecourse in France; that he had formed an inappropriate attachment to a Gaiety Girl; that he spent money he didn't have and drove, at manic speed, cars he couldn't afford. He had bought fifteen monkeys, a score of snakes; he was living at the Buckingham Palace Hotel, then in a flat in Baron's Court. He was leading a convoy of three Rolls Royces across England, en-route for Scotland and Ireland and had been obliged to resign his commission in the Irish Guards...Most of this was true'.


Quite a character, it seems.


We've all heard the axiom that the first generation makes it, the second enjoys it, and 3rd blows it. Know of anyone with a similar tale?


From The Vintage Gun Journal: "Bankrupt Order canceled!"
Posted By: Carl46 Re: A Duke, debauchery, and double rifles - 10/01/21 11:02 PM
I have a brother like that, marvelously able to snatch defeat from the jaws of victory. The way I heard the axiom was "Overalls to overalls in two generations."
Posted By: GLS Re: A Duke, debauchery, and double rifles - 10/02/21 10:19 AM
15 monkeys? Women, booze, parties, cars, monkeys, guns, etc.--the rest he just pissed away...Gil
I have friends from childhood that were born retired.

The grandparents, or the parents, made it big with a chain of women’s clothing stores, worked hard, and saved their money.

Of the three children, the oldest daughter is a slave driver just like the dad, the middle daughter lives off her stipend, And the son, one of my oldest acquaintances, has been a hot mess since grade school.

I live in an area where living costs are low.

There are lots of people who win the lottery, get insurance settlements, get inheritances, and then just evaporate them.

My own children will be modest trustafarians when I die.

I’d like to think my grandchildren, (however many there turn out to be), will be the primary beneficiaries.

Trans generational capital transfer is always a, “hope for the best, but plan for the worst, endeavor”.

But when you are dead, you are dead. It’s all someone else’s problem.
Posted By: lagopus Re: A Duke, debauchery, and double rifles - 10/02/21 01:06 PM
Fifteen Monkeys! Surely a dozen is more than enough. Lagopus.....
The progressives are working overtime to relieve us of the burden and headache of

Originally Posted by ClapperZapper
Trans generational capital transfer...


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The way things are going be lucky if we’re able to hand down a shyte Oldsmobile.
Posted By: SKB Re: A Duke, debauchery, and double rifles - 10/02/21 01:07 PM
Hang on, let me get a tissue to wipe the tears from my eyes for the poor downtrodden billionaires.
Originally Posted by SKB
Hang on, let me get a tissue to wipe the tears from my eyes for the poor downtrodden billionaires.

AOC’s dress should have read “pay your taxes”


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https://nypost.com/2021/09/18/aocs-tax-the-rich-dress-designer-aurora-james-is-a-tax-deadbeat/
Posted By: KY Jon Re: A Duke, debauchery, and double rifles - 10/02/21 01:55 PM
Farmer next door died and left everything to his only son. That boy was worthless riding or walking but knew how to have a good time. We are talking several million dollars in 1959 money. All but a very tiny bit tied up in cropland and timber. Any cash on hand must have been spent in less than a year because after that point in time he started selling off timber, land and then the farmland. His father owned more property than anyone else in the county so it lasted years. I think the last was sold off in the early 1980's, call it about a 25 year period. In the end he was broke, body worn out from years of drinking, heavy smoking and other stuff shall we say. I doubt he died with a spare pack of cigarettes but he did party for nearly three decades.

In 1964 he came to see my father about selling his home farm to him. We had been tending the farm since his father died and knew it well. Drove up in a new Mercury convertible, with a blond and brunette on the front seat. Said he was "looking for a good redhead". The things which go over your head as a kid. Anyways, he wanted $125,000.00 for the farm and timber. Claimed he had the timber cruised for more than that. He needed the money fast because he was headed to Florida for the winter and had a hot business deal down there he want to get into. They dickered over the price for about ten minutes and settled at 110K. Went into town and started the paperwork. Sealed the deal later that week. Sold the timber off in a couple years, to pay off the mortgage and had enough left over to build four new chicken houses and buy a new John Deere combine. Land is part of the main farm still, timber should be cut again soon if the price is good and I can figure out how to delay the taxes until Hell freezes over. I have wondered over the years if he ever found that redhead?
What good is it if you can't spend it?

I myself intend to die penniless.

Lord Eddie sounds like a perfect role model.
I had some relatives that were early investors in Buick.
Their kid spent it all as only an American rich kid could.

Myself, under the illusion I will live forever, pre-ordered an Ineos Grenadier today, in keeping with this thread.
Originally Posted by lonesome roads
The progressives are working overtime to relieve us of the burden and headache of

Originally Posted by ClapperZapper
Trans generational capital transfer...


____________________________
The way things are going be lucky if we’re able to hand down a shyte Oldsmobile.



Only considered shyte if it is no longer on original 400 power. Has to be the early 400 also, the one with the big lifters, oversquare bore, forged crankshaft and the C heads. None of that made it into the 68-69 engine.

Handed a SBE down to the boy today that was his Grandfathers. I never thought much of it, kid feels differently.

Generational thing I guess.
Best,
Ted

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Unless the f-er is sitting in Detroit. Everything is shyte in that town.
Passing billions, soon to be trillions, down without taxation is a hard one to swallow for more than half of America.

I think the Roth end- around that allowed billions to be transferred tax free into investment companies angered they who were hoodwinked.
I always figured the Roth people were going to end up paying taxes all over again. Or, worse, retroactively. I couldn’t see any reason for government to be concerned about inflation for people who had paid their taxes with more valuable, older, dollars, rather than whatever wreckage was left of the currency, after bad fiscal policy (like what we have seen the past 8 months) was enacted.

Why do people from Europe assume health insurance is expensive or unavailable here in the US? I get mine from the Teamsters, it costs about $129 a pay period for my son and I, has a maximum out of pocket expense of $500 a year, which, the union is currently covering, covers medical, vision, dental, all X-rays, MRIs and whatever else are covered at 100%, and has a life insurance component of 1 1/2 times my yearly wage. A co-worker needed a hysterectomy, was scheduled and completed in less than a month, another needed a replacement knee, same time frame. These are not young folks, both over 50. I do have to show up at work to be covered, but, I got used to that notion a long time ago. Some policies are better than others, but, I have always stuck with employers that had good plans available, and sometimes made less money to do that. It was a choice. Nobody made me stay.

The people who complain the loudest don’t seem inclined to get their ass out of bed to make it to work everyday here in the states, from what I have seen.

My English born gunsmith was successfully treated for leukemia here in the US a few years back, rapid timeframe, and he told me it would have been a year of waiting around for medical care in England, and not at all likely that he would be eventually treated at his age, 60s at the time. Why would a medical system wait to treat someone suffering from leukemia?

Gentlemen are where you find them by the way.

Best,
Ted

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The last left Detroit a long, long, time ago.
Posted By: SKB Re: A Duke, debauchery, and double rifles - 10/02/21 11:48 PM
Ted,
Less than 11% of US workers are unionized. Try buying your health insurance without union or government help and it is a very different story as far as cost goes, you are looking at very high premiums and deductables without group buying power.

Do you know that the UK has private health care in ADDITION to the NHS? You do not need to wait for the Government in the UK to receive health care, you can support capitalism and hire a doctor without waiting. You have options, no one is making you wait.

I know at least two people(one is a board member) who have had their lives up ended due to the cost of medical care here in the US. Both are highly educated, hard workers and both made the mistake of marrying someone who became seriously ill.

I will completely agree, gentlemen, like deals are where you find them.
Steve
When I wasn’t a union employee, I worked for an insurance company that was large enough to need an in-plant printshop and bindery. Same insurance deal, only better, never saw a bill. My forays into small shops always lead back to places with better benefits all the way around.
I made less money working for MSI than I would have in a small commercial shop. But, there was a company funded pension in addition to the 401K. You couldn’t get it through to bargaining unit guys that you were saving 20% of your wage a year. They only cared about the $2-$3 an hour they would be missing out on.
I worked there 17 years. Huge windfall when I moved on (not by choice) invested elsewhere. I work Union now, but have a former boss that would beat everything I have no questions asked, if I came to work for him. I would have to get across the river, am I’m old enough that my commute matters as much as who I work for. Anybody crying about no opportunities and no money/benefits at this time is delusional. The stuff is out there. If you are a tradesman or hold a Journeyman card, it is a great time to be alive.

If you have to buy insurance ON TOP of the crap they give you in England in order to get timely medical treatment, then what the hell is the point of the stuff they give you, and why would anyone want it?


My neighbor lady works part time for Kwik Trip, gets a wage and better insurance then she can buy from the Minnesota health care exchange, at no cost. Many, many employers go begging for help around here, now, and the plans that are available are much improved. My wife has a policy from her employer, local school district. Enough said there, right? She has a hard job, but, they take care of her.

Best,
Ted
Posted By: cable Re: A Duke, debauchery, and double rifles - 10/03/21 06:55 AM
Originally Posted by SKB
Hang on, let me get a tissue to wipe the tears from my eyes for the poor downtrodden billionaires.


don’t bother ! the billionaires are hardly touched by the inheritance taxes - most all of their assets are already placed in complex trusts and foundations and only a token amount of their wealth is affected

farmers, and other small private business owners, etc are the ones heavily hit , unless they have access to high level advice and estate planning far in advance

most of us are too busy staying afloat and living to plan generations ahead as the truly wealthy do
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