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Saturday Morning Funnies

March 22 2008 at 11:49 AM
Finance Department  (Login Finance_Department)
Veteran Member


Response to Taxes

You guys are a riot today, thanks for the laughs.

If the life insurance companies decide they want their money back when you are reanimated, they could only get it back from the beneficiary who actually received it, not you. One more thing to add to Alcor's many woes.

However, if they took it to court and in a decision based on equity the court decided the reimbursement should come out of your windfall of monthly social security benefits you will collect from the time your faulty death certificate was issued, let's look at a simple example. A $150,000 policy, and a monthly SS payment of $1,000. That gets paid back in 12.5 years. All the other decades or centuries of payments remain yours. For simplicity I omitted interest accrual on both the life insurance payout and on the social security payments.

If life insurance companies are even still around by then, they might have managed to get a special law passed relative to reanimated people, that if they have an income windfall they must pay back what was paid to their cryonics org. Anything could happen between now and then.

What I think will happen is there will no longer be any form of money at all. Robots will produce and deliver everything, and it will all be free. If people still want to live in capitalist economies, they can enjoy themselves to the hilt in Second Life, which will by then probably be thousands of times bigger than "First Life" ever was.

But, Basie should buy as many Krugerrands as he can find, and be sure to engrave his name and social security number on each one so that the IRS will know who to send the tax bill to when the government digs them up.

The Easter Bunny stopped by here today a little ahead of schedule but said he was getting a head start due to the Asian population explosion placing heavy demands on his time on the holiday. He was immediately followed up by an IRS agent who gave me a tax bill in advance on his estimated number of the hidden eggs in my back yard, and the estimated market value of same tomorrow, for the appreciation in their value being there overnight. Life goes on.

Isn't tomorrow a popular celebration of the day some dignitary was reanimated? He promptly disappeared and has not been heard from since. Must have owed a hefty tax bill.

Happy E-day,

FD

 
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