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And the actual reason c) avoiding all kinds of wealth taxes and public scrutiny. Foundations are the corner stone of wealth preservation strategies for rich peo

by rapsey 5y ago

And the actual reason c) avoiding all kinds of wealth taxes and public scrutiny. Foundations are the corner stone of wealth preservation strategies for rich people. If they could not do this the forbes rich people list would probably look much different and we may even see a trillionaire or two.

jeffreygoesto 5y ago
Actually, it was a mix. Robert Bosch did not trust his family or board to run a sustainable business for long, but he also really was having some altruistic ideals. [0] https://www.bosch.com/stories/origin-robert-bosch-stiftung/ https://www.bosch.com/stories/origin-robert-bosch-stiftung/