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
Profits are Social Authentication
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In his 1980 book, *Knowledge and Decisions*, Thomas Sowell highlights the
importance of social authentication and verification processes. Does *this*
wor...
2 hours ago
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