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Originally Posted by ebacon
In order to avoid estate taxes rich individuals put good chunks of their money into trusts because the trusts live on after they die. That is normal estate planning, so it is a ruse for some of the people that signed The Giving Pledge to say that they were always into philantropy. That's not exactly true.
It is also important to see what the trust charter requires the trustees to do. For example the pledge might say that they give to an organization that teaches the importance of economic ideals to school children. OK, wtf is that in English? Oh, the trust pumps schools full of Ayn Rand books. Thanks dick face.
Hearst could have said that he gave all his money away and it would be true. He gave it to a trust. The trick is that the trust's goal is to let him run his company from the grave. He's dead. He should get over it and let somebody else play. Luckily there is a law that requires his trust to expire when the last heir dies that was alive at the same time Hearst.
The egos of some of these pricks is unimaginable. They truly are mentally ill. How the Tea Party wants to be under their thumbs befuddles the hell out of me. Or maybe the Tea Partiers think they have a chance at taking a seat at the blue bloods' table. What a joke.
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Dinna worry, Atlas Shrugged will bore them to death midway. They must have beenpaying her by the word as it could have been condensed to 50 pages, 75 at most.