- Year after year in South Dakota, state lawmakers have approved legislation drafted by trust industry insiders, providing more and more protections and other benefits for trust customers in the U.S. and abroad. Customer assets in South Dakota trusts have more than quadrupled over the past decade to $360 billion.
"Customer assets" registered to trusts based in South Dakota are worth over six times South Dakota's GDP? Has to be deliberately engineered. This is so brazen and absurd that it seems likely everyone involved knew the info would come to light eventually, but they have realized it doesn't matter; there's no way they'll ever be held accountable. Some wealthy asset holders may go so far as to shuffle up holding companies again, but it hardly seems necessary, these days.
This isn't "just capitalism", or "eliminating overbearing regulations". It is global-scale anti-government governance, driven by absurd levels of wealth inequality.