"We should also implement a 10 percent surtax on the value of estates above $1 billion to break up the extreme wealth of the 540 billionaires in the United States-the wealthiest 0.0002 percent of America-and end tax breaks for dynasty trusts. This includes eliminating the so-called "grantor retained annuity trust," and the "generation-skipping tax," whose loopholes have allowed billionaires like Sheldon Adelson and the Walton family, the owners of Wal-Mart, to legally manipulate the rules for trusts passed on from one generation to the next without paying estate or gift taxes, resulting in savings of $100 billion in taxes since 2000."
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Businesspeople from the United StatesPhilanthropists from the United StatesJews from the United StatesPublishers from the United StatesPeople from Boston
Original Language: English
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Bernie Sanders Our Revolution (2016)
https://en.wikiquote.org/wiki/Sheldon_Adelson
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Sheldon Adelson
Sheldon Gary Adelson (August 4, 1933 β January 11, 2021) was an American business magnate, investor, philanthropist, and political donor. He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore, and is the parent company of Venetian Macao Limited, which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center.
5 quotes on TrueQuotesView all quotes by Sheldon Adelson β
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