- Bob Lord is an associate fellow at the Institute for Policy Studies
- Previously served as an adjunct faculty member at the Arizona State University School of Law
- The United States has become both a tax and secrecy haven
- Low tax rates on the super-rich
- The super-rich use “trust laws” to keep things secretive
- Dynasty trust is one which goes on for multiple generations
- Estate tax or inheritance tax
- The wealth in a dynasty trust keeps on growing
- No estate taxes are paid when a generation dies as it’s the trust that owns all the wealth
- Why small states promote dynasty trusts
- South Dakota’s 106 licensed trust companies, 94 based in Sioux Falls
- Mitch McConnell is worth 27 million dollars
- The race to the bottom
- Book: Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World:
by Oliver Bullough: Hardcover, Paperback, Kindle, Audiobook - Money in politics
- www.inequality.org
- Article: The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax
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