Comment on Borrowing money against their stuff to get more stuff to borrow money...
givesomefucks@lemmy.world 3 days ago
There actually is an estate tax after death:
www.irs.gov/businesses/…/estate-tax
Right now it only kicks in after 15 million. A decade ago it was still 5 million. But it doubles to 30 million for a couple.
For the really wealthy people, they need to pay to obfuscate the rest of the money thru trusts and offshore banking, which they’d rather not to pay to do.
Which is why they’re still pushing to raise the cap every year.
chonglibloodsport@lemmy.world 3 days ago
They donate it all to charities…. Charities they set up with their relatives on the boards of trustees, who then get paid salaries from the charity’s endowment.
Lemming6969@lemmy.world 2 days ago
No they don’t. You cannot buy yourself what they have with charity money. That’s just the influence part.