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Until dynasties with extremely large Southh Dakota in-perputuity Trusts make it almost impossible for wealth to erode in 2-3 generations or even longer. There's
by synthos 5y ago
Until dynasties with extremely large Southh Dakota in-perputuity Trusts make it almost impossible for wealth to erode in 2-3 generations or even longer. There's a good reason why trusts were restricted to ~100 years but now the world has lost that legal fight. In 100, 150 years, just how much power will the trust holders of these perpetual trusts have over the rest of society?
- DarylZero 5y agoThe age of dynasties is over; the 1990s tech billionaires will achieve immortality and in 150 years, the very same people will own everything.
- kortilla 5y agoImpossible is a bit of a joke there considering the instability this country has has had on those timescales. 3 generations ago South Dakota being a state was a novelty.