Great Inheritors: How 3 Families Shielded Fortunes from Taxes for Generations

I am all for an equitable tax system, and I am by no means able to exploit any of the schemes described, but not allowing write-offs for investment will surely slow the progress of societal development as it will curb appetite to take risk in developing new technologies and industries.

One way or another, those that take risk in ventures should be rewarded, maybe just not with unrelated write-offs and endlessly in perpetuity once the venture becomes profitable.

People often say the rich must "pay their fair share"... but how is it fair than some people pay MILLIONS of dollars in taxes, while others pay 100s or nothing?

How about reforming the something more towards you pay for what you use?

If you can't afford what you need, you should ask for charity.

"Taxes are the price you pay to live in a stable society"... when trillions are spent to fight wars that you don't support...

"Tax the rich" they say, when the rich pay the overwhelming majority of all tax.

Maybe, just maybe, people get tired of the lies. Maybe not the public in general, but the most productive who get taxed very hard, are beginning to look at how mobile their skills are and how some countries charge far far lower tax rates, and wondering....

It's one thing for the government to take so much from you in the form of taxes, it's another for them to then vilify you and make it sound like wealth and success is evil.

> “It is an often quoted saying that ‘there are three generations from shirt sleeves to shirt sleeves.’”

> They were wrong.

If you know, you know!

Even this quote has proven to be geographic and driven by population growth, and not because of the implied mismanagement by future “spoiled” generations.

So if you are already operating on better information, while the masses believe a reality because thats what they have more visible examples of, then you can navigate it better.