"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 StatesPresidential Medal of Freedom recipientsPresbyterians from the United StatesPeople from Oklahoma
Original Language: English
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Bernie Sanders Our Revolution (2016)
https://en.wikiquote.org/wiki/Sam_Walton
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Sam Walton
Samuel Moore Walton (March 29, 1918 – April 5, 1992) was an American businessman and entrepreneur founded the retailer Wal-Mart.
3 quotes on TrueQuotesView all quotes by Sam Walton →
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