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by sidewndr46
682 days ago
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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 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. |
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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.