[jpadkins]

whenever I see headlines like this, I always think: great opportunity for someone to create transparent trusts then?

am I super biased or fully drank the Kool aid if I believe entrepreneurs are the solution to many of society's ills?

[forgetfreeman]

If entrepreneurship is the solution to society's ills why don't entrepreneurs solve societal problems? (note this criticism is equally effective when pointed at non-profits)

[SoftTalker]

If there were profit in it, they would.

Society's ills tend to concentrate around people with no money or resources. There's no profit to be had solving their problems, so entrepreneurs are not interested.

Non-profits on the other hand, depend on the existince of the problem to justify their own existence. So they are not well-motivated to solve those problems, quite the opposite in fact.

[gipp]

For everyone but the individual account holders (who have ~no voice in this market) the opacity of the trusts is a selling point, isn't it?

[hungryhobbit]

I don't think "finance people" === "entrepreneurs".

They're completely different groups (except finance entrepreneurs I guess), and it's the former that causes a lot of societal problems (although, arguably, the people whose money they manage are just as responsible, if not more so).

[keybored]

I think you drank the 2016 HN kool aid.