Tax Guru-Ker$tetter Letter

Monday, March 24, 2003

Conspicuous Consumption

I have always been fascinated with all aspects of how people deal with money; how they get it, how they invest it, how they spend it, and so on. From a purely academic perspective, how criminals handle money is interesting. I have mentioned how humorous I find it when people spend more time and energy to illegally make money than it would take to earn similar amounts via legal means.

Since a well established method of finding things is to follow the money, a wise criminal (oxymoron?) knows not to make too big a scene with a newly acquired windfall of cash so as to avoid attracting undue attention. I found this story amusing of a bank robber who laid low and waited a year before going on a wild spending spree, as if all memory of the robbery would have disappeared by then.

KMK

- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 3/24/2003 12:24:00 PM Send this post: