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The widening gulf between the nation s richest citizens and everyone else is fueled by an army of experts mdash; accountants, attorneys and bankers mdash; dedicated to helping the ultra-rich create hereditary dynasties of wealth, according to Chuck Collins, an expert on inequality at the left-leaning Institute for Policy Studies.Collins has an inside view to this issue: As the great-grandson of Oscar Mayer, he came into his inheritance in his 20s and was introduced to the world of wealth advisers who help rich families manage their money an stanley cup d assets. He recalled being encouraged to donate money through philanthropy, but without giving away so much that he would risk eroding his fortune. Rather than listen to the advice, Collins gave away his inheritance in his 20s.As a policy expert on wealth and inequality, Collins, 61, takes a look at what he calls the wealth def stanley cup ense industry in his new book, The Wealth Hoarders, which will be published in April by Polity Books. The nation s wealthiest families pay big money to this army of financial, tax and legal experts to shield and grow their billionaire fortunes, fueling the cycle of inequality. These families and their experts lobby for tax breaks and other regulations that benefit the rich, while the experts guide their clients toward shell companies, trusts and loopholes that will shield their assets from taxation mdash; strategies that largely aren t available to middle-class families. stanley cup Aiuq Trump was advised against congratulating Putin, before he did
The Mega Millions jackpot has grown to $1.6 billion, and the winning ticket could be the largest prize in U.S. history. So people across the country are lining up to bet big. At a convenience store near the Georgia-Alabama border Tuesday morning, the Mega Millions line was 50 people deep. An hour later, it was out the door. Most drove from Alabama where there is no Mega Millions.Jesse Pritchett bought 100 tickets. My chance is as good as anybody else s. I mean, somebody s got to win, he said. $1.6 billion Mega Millions: Some quirks and surprises behind the numbersMega Millions and other lottery jackpots: How consumers are being playedForty-four states have Mega Millions mania. Overflow crowds were seen in Primm, Utah, and a jordan t Blue Bird Liquor in Los Angeles. California is selling 540 tickets a second. A St. Louis grocery store gave aw yeezy ay 1,600 free tickets. Custome mizuno rs had five seconds to grab them as they swirled inside a windy machine. Mega Millions has more than 302 million possible number combinations. Lottery officials expect to sell 75 percent of them by Tuesday night s drawing, when Mega Millions host John Crow will announce the six winning numbers. A million dollars is life changing. But a billion dollars is extraordinary. So that excitement, that enthusiasm that is generating right now is what s great about this jackpot, Crow said.In one magic moment, someone could get filthy rich. Quick. |
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