American Oligarchs
In a U.S. context, we’re not a society that had hereditary monarchies. It’s a reflection of a broken system. They found a way to hide or sequester money. These include defeating attempts to raise taxes on the wealthy, not giving away too much to charity, forming a family office to sequester wealth, creating dynasty trusts and loopholes to avoid gift or estate taxation, and using wealth to promote self-serving public policy and weaponizing charitable giving for dynastic interests.
|