Season 2, Episode 3: Casey Michel: American Kleptocracy
Book Club with Jeffrey Sachs
00:00
What Did Happen in South Dakota?
The state of south dakota had fallen on hard economic times, and state leadership was looking for a new economic life line. They decided to create what they called perpetual or dynasty trusts. No taxes are ever paid, nobody knows the money is actually there. These aren't just cleptocrats taking advantage these ar americans. This is only one industry that has been taking place right here in the united states of America.
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