Trusts may have some justification to ensure the continuance of a fortune (as when knights left for an extended period during the Crusades). But that does not meam that they should not be subject to the same tax regime as any other taxpayer or business. In this case the wealth piled up by Ross (mostly by financial speculation) may escape inheritance taxes - so close to a billion passes to a group of beneficiaries while working income is heavily taxed.
New York Post via MarketWatch
We Can’t Agree on Inequality—Here’s Why
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Centuries of argument have left a stubborn question unresolved: how much
economic inequality is acceptable? Unlike inequalities rooted in race,
gender, o...
6 hours ago
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