The rich are different from you and me, as F. Scott Fitzgerald famously observed. For one thing, they grow up learning to be secretive about how they make their money and how much they make.
The very rich also have many devices for hiding their wealth and avoiding paying taxes that are unavailable to ordinary people. Most of the time, these are kept secret from the rest of us so we have little idea of what is going on. The few times the veil of secrecy is lifted is when they are taken to court by people who were once close to them and know the secrets but have had a falling out, such as in business disputes or messy divorces. [Read more…]
