Putting Your Money where Your Mouth is

[Ibleedburgundy]

Millionaire Leaves Entire Estate To Pay National Debt

POSTED: 9:37 am EST January 20, 2006

FINDLAY, Ohio -- A woman who died Nov. 9 at age 98 has bequeathed her $1.1 million estate to the federal government and requested that it be used to help pay down the $8.1 trillion national debt.

Attorney Tom Drake, the executor of Margaret Elizabeth Taylor's estate, said his client made it "very clear" what her fortune was to be used for. Her will was filed recently in Hancock County Probate Court.

Taylor, of Findlay, was a staunch Democrat who believed the national debt should be paid off and she wanted to do her part, Drake said.

"It's not what I would have advised her to do with it, but she really wasn't interested in my opinion," he said. "In the end, an attorney has to listen to their client. That's what I did."

Taylor had no living siblings or children, and her husband died in 1977.


http://www.nbc4.com/money/6273546/detail.html

[BurgundyNGold]

Sadly, once that cash goes into the treasury, there's bi saying where it will end up. Good concept, bad idea.

[Ibleedburgundy]

I think it's downright patriotic. :)

[BurgundyNGold]

I think it's downright patriotic. :)
Patriotic, yes. Pollyanna, moreso.

He should've just donated the money to Katrina victims. At least then the 20% of his fortune that wasn't used for overhead and administration might actually find its way to where he wanted it to go.

[CNYSkinFan]

Somehow I think Halliburton is going to open up a paying down the national debt wing and charge the government 5 million per year to administer the 1.1 million in the fund.

[OCSkinzFan]

Somehow I think Halliburton is going to open up a paying down the national debt wing and charge the government 5 million per year to administer the 1.1 million in the fund.
And they'll go 1.1 million over budget each year and send the bill to congress.