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can't this be summed up as lots of countries have laws (or historically had) against establishing perpetual trusts? It'd be trivial for someone like Gates to se
by sidewndr46 2y ago
can't this be summed up as lots of countries have laws (or historically had) against establishing perpetual trusts? It'd be trivial for someone like Gates to set up a trust that pays out to all his heirs indefinitely without them being able to directly extract the assets of the trust. If it were legal.
- creer 2y agoI don't think so. Doubling money in 10 years, on average, is nothing extraordinary. It's a little sub-par. Far more in some 10 years, less in others, sure. But doubling in 10 years. So even a 50% inheritance tax, erm, "haircut", should be recovered in 10 years and clearly beaten after that by the next generation. IF that was the only issue. It's not the only issue.