This from Stanford University’s Hoover Institution: Noted progressive and anti-capitalist firebrand Noam Chomsky is just as interested in making money as the rest of us. Hoover’s Peter Schweitzer reports:
“Chomsky … has frequently lashed out against the “massive use of tax havens to shift the burden to the general population and away from the rich” and criticized the concentration of wealth in ‘trusts’ by the wealthiest 1 percent … But trusts can’t be all bad. After all, Chomsky, with a net worth north of $2,000,000, decided to create one for himself. A few years back he went to Boston’s venerable white-shoe law firm, Palmer and Dodge, and, with the help of a tax attorney specializing in ‘income-tax planning,’ set up an irrevocable trust to protect his assets from Uncle Sam.”







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