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Anybody curious to know how wealth can be preserved in perpetuity should read up on what John D. Rockerfeller said about it. Taxation on income is a pittance t
by phantom_oracle 10y ago
Anybody curious to know how wealth can be preserved in perpetuity should read up on what John D. Rockerfeller said about it.
Taxation on income is a pittance to where wealthy individuals source majority of their income.
A rich guys 3 kids could virtually pay zero income-tax their whole lives but live princely lives with capital gains, trusts, etc.