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The Lefsetz Letter

Six Feet Under

by Bob Lefsetz

Conniving bastards rape and pillage and decide to give something back.

They call these people politicians.

The layman can never understand why these officials do such heinous things. Why Arnold Schwarzenegger vetoes restrictions on dietary supplements and then signs an eight million dollar deal with a magazine promoting them . You see, that's how he always did it, that's how he got ahead, he doesn't see anything wrong with his behavior.

It's not so different with Tom DeLay.

And it's not any different with Democrats.

Being honest in American means you're a chump. We revere dishonest pricks like Bill Gates, who capitalized on the ideas of others and used monopolistic policies to ensure his status as one of the world's richest men. And, having achieved this lofty position, Mr. Gates pontificates, as if he ushered in the graphical user interface, as if Microsoft Windows' security problems were the PEOPLE'S fault.

There's an elite ruling class that feels ENTITLED to its position. As if they DESERVE IT! To the point where our President, who himself was born rich, is eliminating estate taxes so no one in his position, born to an insanely wealthy family, will ever be penalized again.

And these people, the scions of industry, under the aegis of doing good for the world, just line their pockets further.

And everybody's in on it. Even Fisher & Diaz. Yup, David wants money. Did Rico really do right by the family of the deceased roller blader or was he too lining his pockets.

We have a culture based not on doing right by your brother, but getting ahead. If that means someone else has to miss out, so be it, you've got to eat, right?

If you don't pay the stations millions of dollars in payola, somebody else will, and you'll be left behind.

And Eliot Spitzer comes down on you, but is he really just like Rudy Giuliani, looking to run for office, a man with no hubris.

Meanwhile, the rest of America, those not born with silver spoons in their mouths, not entrepreneurs, the wage earners, they sit in front of the box, looking to be entertained.

And the purveyors think they're idiots. We have staged reality shows like David Foster's. Ridiculous comeback shows like the one featuring INXS. I mean you could replace David Lee Roth with Sammy Hagar since the act was about Eddie Van Halen...then again, COULD YOU? Is there ANYBODY who believes Van Hagar is as good as real Van Halen? The Doors couldn't survive without Morrison and INXS can't survive without Hutchence. They only made one of him. But Mark Burnett is like Arnold, he feels so strong, he believes he can WILL the public to believe in somebody else, as if they can't tell the truth.

The truth is being a lying conniving son of a bitch catches up with you.

Maybe Edgar Allan Poe had it right, with "The Telltale Heart". Even if your heinous acts are not discovered, you self-combust. Humans cannot live with themselves if they do wrong. Oh, they TELL themselves they can, but they're tortured.

But most times the truth outs.

We see it in government right now.

It's always the little things that slip you up.

Valerie Plame is going to tarnish the White House. Has already. Whereas all the men and women who've died in vain in Iraq have not. But now, with Karl Rove caught in the crosshairs, all of the Administration's other duplicitous acts are being questioned.

Karma. Live in California long enough and you believe in it. Those trying to get ahead, cutting corners, abusing people, they pay. Whereas those who are compassionate, who are truly there for others, they reap the benefits.

Don't only look at the financial losses. Look at health issues. Family issues. Death. Might take a long time to take hold, but karma always wins in the end.

Looked like a simple filmic device. Nate having sex with Maggie whilst Brenda showed up at the church service unannounced, where they were supposed to be.

But that's the way it always happens. You get caught. Might not be the first lie, but when you can't lay your life bare and feel good about it, be honest, it's only a matter of time until you're tripped up.

Bob Lefsetz, Santa Monica-based industry legend, is the author of the e-mail newsletter, "The Lefsetz Letter". Famous for being beholden to no one, and speaking the truth, Lefsetz addresses the issues that are at the core of the music business: downloading, copy protection, pricing and the music itself. His intense brilliance captivates readers from Steven Tyler to Rick Nielsen to Bryan Adams to Quincy Jones to EVERYBODY who's in the music business. Never boring, always entertaining, Mr. Lefsetz's insights are fueled by his stint as an entertainment business attorney, majordomo of Sanctuary Music's American division and consultancies to major labels.

While Rhino may occasionally disagree with some of Bob's opinions, we certainly agree with his right to state them. At the bottom of each column we give you, the reader, the opportunity to respond and we encourage you to do so. We will post select comments.


LET US KNOW WHAT YOU THINK.

A word about submissions: We post what you give us, so please don't include your email address or any personal info. Your comments reach Rhino, not necessarily the writer, so don't expect a reply from them (or us, see our help section for contact info). We gather and post your submissions in batches, so do expect a short delay. And don't get bent if we edit your comments. We probably won't, but we reserve that right.


Comments:

re: The Estate Tax. I disagree with your outlook. Eliminating it will help the heirs of more middle class people than the rich. With an average 2000 sq ft home in many parts of CA selling for 500,000-1,000,000 dollars, it is easy for many estates to get trapped by this unfair tax. What I don't understand is we are encouraged by our Govt. to save money we've been taxed on, then when we die, the Govt. comes in and takes the already taxed money away from our heirs.
Perhaps you can spin this in a way so I can understand why this is a fair and acceptable practice by our govt.?

I can spin it in a way you can understand. First off, the argument you are using is a logical fallacy. It's a classic case of the Straw Man agrument. What you are doing is using the middle class of California (and based on your description, most likely from Southern California or San Fransisco) and using that as a basis for the entire country. Eliminating the Estate Tax (or Death Tax as it was spun in the media) soley benefits people in a higher income bracket. To quote the IRS:

"The Estate Tax is a tax on your right to transfer property at your death. It consists of an accounting of everything you own or have certain interests in at the date of death. The fair market value of these items is used, not necessarily what you paid for them or what their values were when you acquired them. The total of all of these items is your "Gross Estate." The includible property may consist of Cash and Securities, Real Estate, Insurance, Trusts, Annuities, Business interests and other assets.

Once you have accounted for the Gross Estate, certain deductions (and in special circumstances, reductions to value) are allowed in arriving at your "Taxable Estate." These deductions may include Mortgages and other Debts, Estate Administration expenses, property that passes to Surviving Spouses and Qualified Charities. The value of some operating business interests or farms may be reduced for estates that qualify.

After the net amount is computed, the value of lifetime taxable gifts (beginning with gifts made in 1977) is added to this number and the tax is computed. The tax is then reduced by the available unified credit. Presently, the amount of this credit reduces the computed tax so that only total taxable estates and lifetime gifts that exceed $1,000,000 will actually have to pay tax. In its current form, the estate tax only affects the wealthiest 2% of all Americans."

So as you can see, 2000 sq ft homes being passed on to next of kin would not be affected by this tax. Furthermore, only estates larger than $1,000,000 would be affected, which constitues roughly 2% of the population, or 6 million people, however there are approximately 37 million people living below the poverty line that could benefit from the programs that would be funded by this estate tax.

Obviously it's clear where your priorities lie.




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