Bob Lord is an associate fellow at the Institute for Policy Studies Previously served as an adjunct faculty member at the Arizona State University School of Law The United States has become both a tax and secrecy haven Low tax rates on the super-rich The super-rich use "trust laws" to keep things secretive Dynasty trust is one which goes on for multiple generations Estate tax or inheritance tax The wealth in a dynasty trust keeps on growing No estate taxes are paid when a generation dies as it's the trust that owns all the wealth Why small states promote dynasty trusts South Dakota’s 106 licensed trust companies, 94 based in Sioux Falls Mitch McConnell is worth 27 million dollars The race to the bottom Book: Moneyland: The Inside Story of the Crooks and Kleptocrats Who Rule the World: by Oliver Bullough: Hardcover, Paperback, Kindle, Audiobook Money in politics www.inequality.org Article: The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax