RUSH: George Steinbrenner has passed away at age 80. That cracker made a lot of African-American millionaires. George Steinbrenner, the classic capitalist. Everybody around him became wealthy. Like most successful capitalists, he made the people around him wealthy, and a lot of African-American millionaires along the way, and at the same time he fired a bunch of white guys as managers, left and right. Steinbrenner hasn’t been himself for the past two or three years, but nevertheless what a man he was and what a fixture and a character he was in Major League Baseball.
RUSH: George Steinbrenner. Now, this is an example, my friends, of the kind of news that I’m going to impart here that will just infuriate liberals, it will ruin their day. George Steinbrenner, that cracker was a great capitalist, and he made many African-Americans who worked for him millionaires, as a lot of capitalists do. But he also, as a good capitalist, knew when to die. There is no death tax. George Steinbrenner’s family this year will not have to cough up 55% of what they inherit and perhaps lose the New York Yankees. How sad it is we’ve come to this point in America? How much you want to bet, the liberals try to get around this, pass a special law or something to get the Yankee tax money.
This is a story from Business Insider: ‘If you’re massively wealthy, then 2010 is not a bad year to pass away. That’s because Congress allowed the inheritance tax to lapse for one year. Not that the Steinbrenner family is seeing any ‘upside’ in the passing of the legendary Yankees owner. But the lack of the tax, which could go as high as 55%, could make the passing of the Yankees franchise that much easier.’ In fact, it will be totally easy. You remember the family of Joe Robbie, who owned the Miami Dolphins? When he passed away they had to sell the team to pay the estate taxes. It had not been the wisest estate planning going on there. But Steinbrenner knew when to die. No estate tax — (interruption) what are you laughing at, Brian? You know damn well this kind of thing is going to irritate the left like nothing else will, especially since I point it out.