death tax back to 1 million exemption.

[oaktonite]

Originally Posted by GoCUBS1

That's ok, I'm doing a bit better than restaurant management.

Me too. I've got the restaurant of course, and then I direct one charity and sit on the board of another, I still dabble in the old gig of economic research and analysis, and all that while actually kicking back in semi-retirement. Life is good!

Originally Posted by GoCUBS1

Owning a restaurant - no thanks. Not my dream. Have too many friends who do this - bad profit margins, bad hours, bad working conditions, major personnel issues, very low barrier to entry - that is why any yahoo can try to do it. And before you mention it, I also have no interest in coffee shops or Ebay or bread routes. I'll stick to my market where my corporate customers actually have multi-million dollar budgets - not a $10 Groupon - and require expertise you can't garner from "Restaurant Management For Dummies." Sad.

Obviously I'm not a food-runner, and the store I take care of grosses $300K in a good week. Not sad.

[oaktonite]

Originally Posted by GoCUBS1

Yes, so your previous point that they are fleeing the country is without merit.

Whose point was that? Is there a language barrier here?

[oaktonite]

Originally Posted by GoCUBS1

"Wealthy people" (and people who are becoming wealthy) typically don't have a victim mentality and are proactive on things like estate planning and taking advantage of tax sheltering.

Yes, that accounts for perhaps 1% of the population. Nobody else has any need at all of protection from elephant stampedes.

Originally Posted by GoCUBS1

But by all means, keep assuming that the masses are idiots and incapable of such planning to defer/shelter taxes. Not everyone can be as smart as you. They should "heed your advice" and stick their heads in the sand.

Everyone probably could be as smart as me (there's no great secret to it), but the ones who aren't don't do themselves any favors by parading the fact around in the streets. My advice again is to do what you love and invest in what you know. And of course not to listen to people trying to sell you products and services that you will never need.

Originally Posted by GoCUBS1

A complete fabrication which is readily apparent to anyone who read my posts.

I read them. Came to a very different conclusion. And I'm a smart guy, after all.

[cedartoday]

Originally Posted by GoCUBS1

But by all means, keep assuming that the masses are idiots and incapable of such planning to defer/shelter taxes. Not everyone can be as smart as you. They should "heed your advice" and stick their heads in the sand.

Yes, unfortunately this is a common problem for me as well, and I do realize that superior intelligence is only given to a select few of us. All the more reason why the plebs should listen to what our group has to say and stick their heads in the sand without questioning superior beings.