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True, and I don't have an issue with inheritance. I'd prefer no estate tax. Whether zeroed-out grantor-retained annuity trusts should be a valid tax avoidance
by stvswn 11y ago
True, and I don't have an issue with inheritance. I'd prefer no estate tax.
Whether zeroed-out grantor-retained annuity trusts should be a valid tax avoidance scheme is a valid question, if that's your point.
- redblacktree 11y agoMy point was that the Waltons existing today deserve no special credit for having created a business; they didn't. There is nothing dynamic or entrepreneurial about inheriting a fortune. It's dumb luck.