New tax haven allows the rich to make their money last forever

12/30/13 Robert Lorei
Radioactivity: Live Call-In (Monday) | Listen to this entire show:
Tags: Zachary Mider, Bloomberg, wealth, Tax haven

photo by Flickr/Daniel Borman

Today on Radioactivity Rob Lorei speaks with Bloomberg reporter, Zachary Mider about a way that the super wealthy can make their fortunes last forever. Mider has written an article about a tax haven where the super rich are stashing their wealth to create permanent dyansties that will last for generations as long as there are heirs and the money grows exponentially. The tax havens are not in Switzerland, the Bahamas, or the Cayman Islands. It’s South Dakota.

“Moguls Rent South Dakota Addresses to Shelter Wealth Forever”

Listen to the entire show above.

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