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CONTENTS
1 Cover
2 Epigraph
5 Foreword
7 Prelude 1983: Discovering the Money River Slurping Lessons Notes
8 Prelude 2004: The Blue Hippo Swindle Notes
9 Prelude 2020: The Theft of Angola Notes
10 Introduction How Much Wealth is Hidden? Hidden Wealth Touches Us All About the Book Notes
11 1 The High Cost of Hidden Wealth Wealth Extraction and Poverty Sheltering Deadbeats and Kleptocrats Tax Dodging and the Growing Concentration of Wealth Oligarchy and Dynasties of Wealth Spending Millions to Defend Billions Notes
12 2 Who Are the Wealth Defenders? The Wealth Defense Class Cracks in the Facade New York Lawyers on Candid Camera Confessions of a Wealth Defender Armor Up: Dynasty Building Do “Only Morons Pay the Estate Tax?” Notes
13 3 Tools in the Wealth-Hiding Toolbox Wealth Hiding Increases as Inequality Grows Delaware and Shell Companies Lots of Salaries Depend on Delaware’s System The Skinny on Trusts South Dakota: Global Mecca for Wealth-Hiding Dynasty Trusts Bending the Intent of Trust Law Notes
14 4 All in the Family Office Origins of Modern Family Offices Pools of Money You’ve Never Heard About Financial Butlers Good Jobs in Wealth Defense Growing Inequality, Growing Wealth Defense Family Offices Protecting their Special Status Anonymous Pools of Unregulated Capital Notes
15 5 The Wealth Hiding in Your Neighborhood Tax Haven USA Art as a Form of Wealth Storage Luxury Real Estate as Wealth Storage Money Laundering and Criminal Activity The Disruptive Impact of Luxury Housing Notes
16 6 Smokescreens: The Justifications of the Wealth Defense Industry We Are Just Obeying the Rules The Wealth Defense Industry Writes the Rules The Wealth Defense Industry in New Hampshire Creates a New Ownership Device Helping Some Families and Wealth Creators Privacy vs. Secrecy Professional Associations: Spreading the Smokescreen Clients Demanding Less Aggressive Avoidance Welcoming the Wealth Defenders to New Roles Notes
17 7 Solutions to Wealth Hiding Pressure Points to Change the System