1 - Daily Bible Readings for 15/5/2020 START' TO DAY to methodically read the Bible -

Jeff Hickling

2020-05-15 14:24:48 UTC

Spendthrift: a person who spends money in an extravagant, irresponsible
way. (cf: Dennis “I can’t stop spending my money frivolously” Johnson.)

In 2008, when his father finally kicked the bucket, Dennis Johnson was
given three-quarters of a million dollars cash, set up for him in an
irrevocable trust fund. Such trusts are also known as Spendthrift
Trusts (https://en.wikipedia.org/wiki/Spendthrift_trust). At the time,
Dennis was 50.

In addition to his principal assets, the money held in trust that is,
Dennis held about one hundred thousand dollars under his “supervision”
--what we might call his “liquid holdings.” Said assets consisted of a
Chase Bank Savings Account (a passbook savings account they were called,
back when the banks were paying interest) and an IRA account (of unknown
value). Dennis was doing “good” by continuing, up until recent times,
to make yearly contributions to the IRA.

BUT, LIKE THEY SAY……..SHIT HAPPENS.

Now, it’s no secret that Dennis has an ongoing gambling problem (he
admits this). He also admits some past problems involving certain
Korean women and massage parlors along E.C. Boulevard. Although the
Koreans are no longer a problem for him—having kicked his silly ass to
the curb several years ago—the Indians still remain something of a vexation.

“Uh, hey Chief. . . Looky there, isn’t that heap stoopid dipshit Dennis
coming to spend more IRA money again?”

“Hey, you be quiet, Laughing at Paleface. We got kids at Harvard. We
need money from stupid white trash.”

________________________________________

“Well, Mister Johnson, I’m afraid that’ll be a twenty-five percent
penalty,” the H&R Block guy said. “By the way, if you had waited just
one more year, there wouldn’t have been any tax consequence . . . er, sir.”

Ah shucks,” said Dennis, twitching a little more than usual, an’
scratchin’ his eczematic leg.

“But, the good news is that we can write off most of your gambling
losses…. Hmm, you must be some big gambler. . . Well, there ya go.
I’m done, Mister Johnson. Here’s what ya owe the IRS, by the way.
Consider your taxes filed as of now. Just don’t forget to send ‘em that
check or they’ll charge ya interest.”

________________________________________

April 15, 2018

Dear Diary,
I think I saw Dennis the other day. I was waiting at the light on
Pacific Highway. I looked across the road, over at the group of
homeless “veterans” gathered around a bottle of MadDog 20/20, when I saw
him. He was a terrific sight—unshaven, filthy, with pimples all over
his face. Which might have been Kaposi's sarcoma sores. At that moment
the light turned and I drove off, thinking about the old saying “A fool
and his money….”

THE END

This article is dedicated to the memory of Dennis’ liquid assests: 2008
– 2016.
May his liquidity, and the souls of the faithful, REST IN PEACE.
AMEN.