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> - the rich evade taxes by restructuring their business It keeps amazing me how many people write 'evade' while they actually mean 'avoid' (or they use it as
by charlesdm 9y ago
> - the rich evade taxes by restructuring their business
It keeps amazing me how many people write 'evade' while they actually mean 'avoid' (or they use it as if it's exactly the same). Avoiding taxes is legal, kids. Evading taxes means you'll (eventually) end up in jail.
I personally know a few Belgian aristocrats with decent wealth. Most are horrible at managing their money and they get screwed left and right by investment advisors.
Most just tend to be really frugal, meaning they don't spend a lot. Several of them work normal jobs. Their wealth isn't meant to be spent or enjoyed (only perhaps a little bit -- they tend to own a nice property), it needs to be invested and safeguarded for the next generation.
Some of these people are still enjoying the gains of land and capital they received or acquired in the 12th century.. most won't take crazy risk with that.
- yorwba 9y agoMy mother used to have a colleague who was a prince of Saxe-Coburg and Gotha, so related to Queen Elizabeth through a few corners. They worked in a call center. The only thing his title bought him was the opportunity to mess with customers who asked for his full name (presumably to complain about him later).
- arethuza 9y agoMy wife has a colleague who had a title - which they didn't use normally but sounded pretty impressive in full!