Just Like Us...Or Not

Be honest, do you pay more taxes than you have to? Really, be honest..

Billionaires!!They're just like the rest of us!

I'm not trying to be snarky or sassy (I was born this way). Look at things this way - If any of us were in this position, we'd do the exact same things. Don't lie to me

Why wouldn't we? It's completely rational. All incentives point this way. People put everything in their life into creating and building world changing, industry defining enterprises that create so much value and wealth for so many

I mean, just look at these eye-poppers:

When people have the tools, network, resources, knowledge, experience stacked up on top of access to top attorneys, accountants and others (plus the politicians that write the law and rules and regs) that know the rules inside and out they will...use it. This should not be a shock to anyone, it's how the world worked, always has.

You've heard of the golden rule haven't you?

While some of the different tactics and trusts pointed out in this piece may never be needed by 99% of people, there are keys and takeaways for us around how wealth accumulation actually works:

It's not from income, it's from ownership. Having equity in your own ventures or others' for a long time is key. Early long term planning - Setting trusts and other vehicles up early protects and preserves wealth for the eventual transfer to heirs and supported organizations* Taxes - Saving on taxes is something we all need to do and is always a consideration.Whether it's right or wrong is not for me and you to decide. We just live, work, invest, and make plans based on the world as it is right now. We each have agency and control to some degree. Empower yourself and others so there is more broad financial literacy, awareness of strategies and techniques, access to products and advice that will change people's financial lives.

So what's going to happen when these decisions are made at enormous scale?

We can't wrap our minds around these numbers.

There will lots of keys to the kingdom, cars, boats, and all kinds of other assets in new hands but how ready are we to take it all over?

The outcomes are up to us:

And are there enough professionals to even help take care of us?

Maybe they're not like us.

A minor issue is the balance in their bank accounts, sure. But the rationale of wanting to keep as much as possible from what they've bled and fought for; that's something we all share. With the tools and technology that's been developing, things may be opening up for the rest of us. The information is out there. The rules of the game are set. Now we know the steps we need to take to grow and keep our piece of the pie. Our own pile.

Why not us?

Secure the bag.