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