February 29, 2016 – Robert J. Tamasy
Occasionally we hear the cliché, “You can’t take it with you.” The implication is that on the day we pass from this life, we will not be taking suitcases filled with our belongings. No moving van will be following the hearse. Following the death of a wealthy, internationally famous entrepreneur, when asked how much the businessman had left behind, a company spokesman accurately responded, “All of it!”
Strangely, however, often we do not act as if that is true. Many of us accrue as many material things as our incomes allow. For some people this means multiple homes, numerous cars, closets filled with attire that could clothe entire villages in Third World countries, expensive vacations, enough gizmos and gadgets to occupy several lifetimes. We fret over investment portfolios, agonizing when returns drop and rejoicing (temporarily) when they soar.
Yet, upon taking our final breath, everything we have amassed remains behind, left perhaps to family members and loved ones, or even to the government in the form of inheritance taxes. So if in reality we can’t take it with us, why does our behavior make it appear we think otherwise?