This op-ed about "Dynasty Trusts" shows more details of the completely lawless/untaxed American aristocracy. (first link) The myth of an American meritocracy is still a centerpiece of corporate propaganda and helplessly believed by the middle class. Real meritocracy or class mobility in European democracies, with a safety net, has been shown for a long time (this has never been reported in the corporate media) while the vast majority of poor Americans are forever trapped in poverty.
The juxtaposition of these NYT pieces mirrors the reality of America. (The stop and frisk article would be overwhelming if more frisked individuals were interviewed for the story.) 2nd link http://www.nytimes.com/2010/07/12/opinion/12madoff.html "But tax breaks are not the only special advantages that dynasty trusts provide. Even more troubling, they commonly include a “spendthrift clause,” which provides that trust assets cannot be reached by a beneficiary’s creditors. If a beneficiary causes a car accident, for example, the victim cannot be compensated with assets from the trust, even if they are the driver’s only resources. So beneficiaries are free to behave as recklessly as they like, knowing that their money is forever protected for themselves and their heirs." http://www.nytimes.com/2010/07/12/nyregion/12frisk.html?hp Almost everyone in the projects has a story. There is Jonathan Guity, a 26-year-old legal assistant with no criminal record, who, when asked how many times he had been stopped in the neighborhood where he grew up, said, “Honestly, I’d say 30 to 40 times. I’m serious.” ---- You are receiving this because you are subscribed to the list named "UnivCity." To unsubscribe or for archive information, see <http://www.purple.com/list.html>.
