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Re:The great American tax haven: why the super-rich love Sou... by mindslight on Friday November 15, 2019 @11:15AM (#21546029)
"not much else" ? Mount Rushmore is a tourist trap - the view is basically the same as looking at a photo. Visit the Black Hills themselves, and of course the Badlands.

As for the article's actual gripe, I can't tell what it is besides an overembellished "rich people have a lot of money and you don't". AFAICT the tax advantage of a trust is the same as retirement accounts, but retirement accounts are essentially limited to one (and a half) lifetimes while a trust can go on forever. The tax advantage comes from having enough money to be able to commit so much of it on a long time scale, just like having the stability to give a newborn $15k per year to reduce your eventual estate.

Which yes, is a problem. But not due to the exact protections a trust can provide from creditors, which seems to be the article's only bit of substance. In fact, given the ongoing "healthcare" trainwreck, the middle class really should be looking into trusts to protect themselves against hospital extortionism. Not having your nest egg available to pay a fictitious $100k emergency room bill gives you a much better shot at not losing that game of musical chairs!

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