Dynasty Trusts: The Wealth That Will Haunt Us Forever

[phantom power]

The Confederate South was also a bastion of the aristocratic world view, which I propose has something to do with the success of modern Conservatism in the south.

For many people, being rich is the purpose of life. Once they have achieved it the only thing they can do it try to perpetuate their wealth beyond their death by leaving it to their heirs. This is how aristocracies are created. Property rights are the fundamental raison d'etre of conservatism, it supersedes all other notions of freedom and liberty, which means that is it ultimately a feudalistic ideology. All the church going and pork rinds and NASCAR races are just window dressing.

http://digbysblog.blogspot.com/2015/07/money-and-immortality.html

[ladjf]

1. Good post! Short, simple, goes right to the heart of our biggest problem. nt

[daleanime]

2. +1

[PoliticAverse]

3. Trusts have long been used by the rich to avoid estate taxes...

Wealthy Clintons Use Trusts to Limit Estate Tax They Back
http://www.bloomberg.com/news/articles/2014-06-17/wealthy-clintons-use-trusts-to-limit-estate-tax-they-back

[phantom power]

4. the nature of the story is that it's getting worse and worse

Rich families can acquire wealth with no limits, no taxes, forever and ever. Amen.

[FiveGoodMen]

6. Unless armed forces ever turn against them.

Not likely anytime soon, but just sayin' that all the money in the world won't help them if those with access to the military arsenals get fed up enough.

[Octafish]

5. We need some Ghost Trust Busting.

It's not like the nation, civilization and the planet are falling apart or anything.