I was just reading about the fact that Ben Franklin had a trust fund he intended to be liquidated 200 years after his death. And it was.
That makes me wonder what was the slowest plan that has ever been successfully carried out according to schedule.
Did you mean specifically a financial instrument?
Charles Packer <mailbox@cpacker.org> wrote:
Did you mean specifically a financial instrument?
No. Any intention by any person or organization that a particular thing
will happen at a particular future date.
...
What's the longest it took to build any cathedral? Maybe that shouldn't count if it didn't have a specific completion date specified ahead of
time.
In practical terms, this limits such instruments to around 100 years.
For example, Disney has an agreement with the state of Florida which
grants certain privileges until 21 years after the death of the last
survivor of the descendants of King Charles III at the time the
agreement was made.
The most likely place to find really long-range plans is probably
in the realm of religion, perhaps the literal realization of
religious prophecy.
In fact, we are talking cathedrals -- but metaphorical ones --
say, like the creation of a world religion to succeed Christianity.
In fact, I've been researching that subject for several years.
I think in terms of the probability that such a project is ongoing
and when it began. If there is such a project, I think the most
likely origination would have been the late 19th century, when
visionaries could have tapped into the most highly concentrated
wealth in history.
Cryptoengineer wrote:
In practical terms, this limits such instruments to around 100
years. For example, Disney has an agreement with the state of
Florida which grants certain privileges until 21 years after the
death of the last survivor of the descendants of King Charles III
at the time the agreement was made.
Do you have a source for this rather bizarre provision?
On Wed, 20 Nov 2024 08:23:59 -0500, Cryptoengineer wrote:
In practical terms, this limits such instruments to around 100 years.
For example, Disney has an agreement with the state of Florida which
grants certain privileges until 21 years after the death of the last
survivor of the descendants of King Charles III at the time the
agreement was made.
Do you have a source for this rather bizarre provision?
In practical terms, this limits such instruments to around 100 years.
For example, Disney has an agreement with the state of Florida
which grants certain privileges until 21 years after the
death of the last survivor of the descendants of
King Charles III at the time the agreement was made.
I was just reading about the fact that Ben Franklin had a trust fund
he intended to be liquidated 200 years after his death. And it was.
That makes me wonder what was the slowest plan that has ever been successfully carried out according to schedule.
On 11/20/2024 5:23 AM, Cryptoengineer wrote:
In practical terms, this limits such instruments to around 100 years.
For example, Disney has an agreement with the state of Florida
which grants certain privileges until 21 years after the
death of the last survivor of the descendants of
King Charles III at the time the agreement was made.
When was this established and does it have provision for the current
King having predeceased his mother, in which case Charles III of GB, if
any, would have been at some indeterminate time in the future.
In article <pan$ce513$2c747ec2$c6f179bc$d78adf54@cpacker.org>, mailbox@cpacker.org (Charles Packer) wrote:
The most likely place to find really long-range plans is probably in
the realm of religion, perhaps the literal realization of religious
prophecy.
Setting a date beyond the plausible lifespan of the would-be prophet
_does_ reduce the amount of negative feedback he gets. All one can say
about prophecy is that it doesn't seem to have worked yet.
Religious institutions do seem to be the longest-lived organisations,
but finding the actual oldest one is hard.
In fact, we are talking cathedrals -- but metaphorical ones -- say,
like the creation of a world religion to succeed Christianity.
In fact, I've been researching that subject for several years.
There have been many attempts, but no successes.
I think in terms of the probability that such a project is ongoing and
when it began. If there is such a project, I think the most likely
origination would have been the late 19th century, when visionaries
could have tapped into the most highly concentrated wealth in history.
It seems deeply implausible that such a project would still be going on
in secret.
in which case Charles III of GB
https://en.wikipedia.org/wiki/Longplayer
Longplayer is a very long piece of music by British composer and
musician Jem Finer which is composed to play for 1000 years without
looping. It started to play at midnight on 1 January 2000, and if all
goes as planned, it will continue without repetition until 31 December
2999.
I got to this after looking up John Cage's "As Slow as Possible".
https://en.wikipedia.org/wiki/As_Slow_as_Possible
Which is, apparently, only the second longest piece of music.
I was just reading about the fact that Ben Franklin had a trust fund
he intended to be liquidated 200 years after his death. And it was.
That makes me wonder what was the slowest plan that has ever been >successfully carried out according to schedule.
On 11/21/2024 4:00 AM, Charles Packer wrote:
Do you have a source for this rather bizarre provision?
https://www.npr.org/2023/03/30/1167042594/disney-desantis-board-reed y-creek-charles
Key sentence:
"In this case, the declaration will continue "until twenty one (21)
years after the death of the last survivor of the descendants of
King Charles III."
On 11/22/2024 4:10 PM, John Dallman wrote:
In article <vhqfs2$195va$1@dont-email.me>, petertrei@gmail.com
(Cryptoengineer) wrote:
On 11/21/2024 4:00 AM, Charles Packer wrote:
Do you have a source for this rather bizarre provision?
https://www.npr.org/2023/03/30/1167042594/disney-desantis-board-reed
y-creek-charles
Key sentence:
"In this case, the declaration will continue "until twenty one (21)
years after the death of the last survivor of the descendants of
King Charles III."
The litigation on that could be highly amusing. A court would have
trouble interpreting it as anything shorter than 21 years after the death
of the last of Charles III's descendants who were living at the time the
contract was signed. Since he has several infant grandchildren, this
locks things up for about a century at minimum.
That's the intent, and this isn't that wacko a provision, in this
area of law.
In terms of 'longest plan', I pointed out that there *are* some
actual perpetuities out there:
I said:
But there are perpetual contracts from before the law changed
which are still valid. The most famous example is a Dutch
water bond issued in 1648 which is still paying interest.
https://dailyinvestor.com/world/32751/the-worlds-oldest-bond-still-paying-interest-375-years-later/
Of course, Keith missed that.
On 11/21/24 4:00 AM, Charles Packer wrote:creek-charles>
On Wed, 20 Nov 2024 08:23:59 -0500, Cryptoengineer wrote:
In practical terms, this limits such instruments to around 100 years.Do you have a source for this rather bizarre provision?
For example, Disney has an agreement with the state of Florida which
grants certain privileges until 21 years after the death of the last
survivor of the descendants of King Charles III at the time the
agreement was made.
Google is your friend, but here's one source:
<https://www.npr.org/2023/03/30/1167042594/disney-desantis-board-reedy-
...
Florida Gov. Ron DeSantis, Walt Disney World and a special tax district
are once again making headlines, but this time, it's with a new cast
member: England's King Charles III.
In a quiet move that's enchanting the internet, the former `` signed its power back to Disney before leaving office, a binding declaration that doesn't expire until England's monarchy dies out.
...
And, in an extra detail that the internet is devouring, the term of the agreement was set using the "Rule Against Perpetuities" — which states
that a policy will continue until after a certain person dies.
In this case, the declaration will continue "until twenty one (21) years after the death of the last survivor of the descendants of King Charles
III." DeSantis, after all, frequently refers to Walt Disney World as a "corporate kingdom."
...
And, in an extra detail that the internet is devouring, the term of the agreement was set using the "Rule Against Perpetuities" — which states that a policy will continue until after a certain person dies.
In this case, the declaration will continue "until twenty one (21) years after the death of the last survivor of the descendants of King Charles III." DeSantis, after all, frequently refers to Walt Disney World as a "corporate kingdom."
IIRC, the clause actually specifies the 'descendants of King Charles
the III at the time the contract is executed'.
Barring illegitimate offspring, that's pretty objective.
On 11/24/2024 10:51 AM, Cryptoengineer wrote:
IIRC, the clause actually specifies the 'descendants of King Charles
the III at the time the contract is executed'.
Barring illegitimate offspring, that's pretty objective.
Well, you've just listed one of the problem -- the grant is too vague. Another is that the group has to be "easily identifiable." Good luck
trying to do so.
It's somewhat common to name "the legitimate surviving issue" of
Joseph P. Kennedy.
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