A reading from Forbes on the prophet Trip Hawkins:
And lo, the San Francisco federal judge saw through the abusive tax shelters Hawkins used to hide millions in profits from his Electronic Arts days and declared them bad. Smiting a declaration of personal bankruptcy, the judge believed that Hawkins should give unto the government the estimated $20 million or more in federal and California state taxes he is in arrears to.
The 16-page opinion by US District Judge Jeffrey S. White pointed out that Hawkins "continued to spend money extravagantly with knowledge or his tax liabilities" and that he "planned to defeat his taxes via bankruptcy and continue living the lifestyle to which he had grown accustomed."
General rule: Pay your taxes. It's what did in Capone. Better rule: When the government is on your butt about tax evasion, it's best not to play it like Hawkins and purchase a $70,000 car ... especially when it's your fourth automobile in a two-driver household.
[Image credit: AlanCleaver_2000]
Reader Comments (24)
Posted: Mar 28th 2011 8:33PM Red Runner said
All I remember about Hawkins is what I read from an article on the history of Sega consoles and how he made that failure called 3DO.
Looks like he's not doing much better these days.
Looks like he's not doing much better these days.
Posted: Mar 28th 2011 9:19PM The angry pro consumer gaming ga said
@Red Runner 3do a failure? It was ahead of its time with a price to match. I bought mine when they were being sold on clearance, though not perfect it had many gems in its library. Not to mention that I could play my CD's on the best visualizer a system ever had.
Reply
Posted: Mar 28th 2011 10:08PM Red Runner said
@The angry pro consumer gaming ga
It had Gex, right? I give it that...maybe.
Reply
It had Gex, right? I give it that...maybe.
Posted: Mar 28th 2011 8:34PM Tradio said
rich people time to pay your fair share
Posted: Mar 28th 2011 8:49PM Special Agent Steve said
@Tradio
Because all rich people evade taxes and middle and lower class people never do, right?
Reply
Because all rich people evade taxes and middle and lower class people never do, right?
Posted: Mar 28th 2011 10:28PM mechafenris said
@Tradio If only they'd do that for GE, etc. Fair share is a relative term when it's applied un-evenly.
That's sort of why I favor a flat-tax. :)
Reply
That's sort of why I favor a flat-tax. :)
Posted: Mar 28th 2011 10:51PM ShadowXIII said
@Tradio
...there isn't enough of this....honestly. +110 for you.
Reply
...there isn't enough of this....honestly. +110 for you.
Posted: Mar 29th 2011 2:11AM Darthweder said
@mechafenris
If we had a flat tax, then the middle class and the poor would be hurt more by the tax than the rich. Do the rich need that 30% of their money more than the guy supporting three kids and a wife by working two jobs, but still barely staying afloat? The rich should be taxed more than the poor and the middle class, they have more capital and are able to pay back more to the society that helped them get to where they are.
Reply
If we had a flat tax, then the middle class and the poor would be hurt more by the tax than the rich. Do the rich need that 30% of their money more than the guy supporting three kids and a wife by working two jobs, but still barely staying afloat? The rich should be taxed more than the poor and the middle class, they have more capital and are able to pay back more to the society that helped them get to where they are.
Posted: Mar 28th 2011 8:38PM laser beams said
"Your Honor, I'm telling you- any day now, this 3DO thing is finally gonna take off!!! lemme just give you this IOU..."
Posted: Mar 28th 2011 8:50PM Johnnynumber5 is powered by cell said
Posted: Mar 28th 2011 9:09PM Imdavid said
Oh how lovely karma is.
Posted: Mar 28th 2011 9:13PM The Wicker Man said
I like to imagine that 3DO I got for xmas helped pay for one of those cars.
Posted: Mar 28th 2011 9:29PM The Only Girl said
Go my evil underlings of law! Tie the Leash of Righteousness upon him!
Posted: Mar 28th 2011 10:20PM CaptainProtonX said
To this day, I love my damn 3DO.
Hell
Gex
Super Street Fighter II Turbo
Guardian Wars
And even the Shockwave series.
Twisted The Game Show
It's all my drug to this day. Nothing touches it in weirdness or ballsy concepts. Even the trash was unique.
Oh, and pay your FUKING TAXES! Poor people do it. So should the rich. Self-centered bastards.
Hell
Gex
Super Street Fighter II Turbo
Guardian Wars
And even the Shockwave series.
Twisted The Game Show
It's all my drug to this day. Nothing touches it in weirdness or ballsy concepts. Even the trash was unique.
Oh, and pay your FUKING TAXES! Poor people do it. So should the rich. Self-centered bastards.
Posted: Mar 28th 2011 10:25PM Red Runner said
@CaptainProtonX
Didn't it have a lot of cheezy FMV games with B actors?
That's the most I remember about it.
Reply
Didn't it have a lot of cheezy FMV games with B actors?
That's the most I remember about it.
Posted: Mar 28th 2011 10:56PM Polymorphic Ninja said
Guess he sort of ... "tripped" up there... hi-yooooooo
Posted: Mar 28th 2011 11:00PM heyo007 said
Is it wrong that I only see "thongs" and "schoolteacher" in that pic above?
Posted: Mar 28th 2011 11:27PM Red Runner said
@heyo007
I'd rather think of a hot teacher in a thong than Trip Hawkins in anything less than a full suit.
Reply
I'd rather think of a hot teacher in a thong than Trip Hawkins in anything less than a full suit.
Posted: Mar 28th 2011 11:27PM CaptainProtonX said
Am I the only one who finds the definition of "tawse" funny?
Posted: Mar 29th 2011 6:40AM AntiVillian said
@CaptainProtonX
"thongs formerly used... schoolteacher"
hehehe
Reply
"thongs formerly used... schoolteacher"
hehehe
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