The Great American Tax Haven: Why The Super-Rich Love South Dakota • Discoverology

The Great American Tax Haven: Why The Super-Rich Love South Dakota

Last year billionaire Sun Hongbin quietly transferred $4.5bn worth of shares in his Chinese real estate firm to a company on a street corner in Sioux Falls, South Dakota. Thanks to its relish for deregulation, the state is fast becoming the most profitable place for the mega-wealthy to park their billions.

Related topics
Related posts
Life At The End Of American Empire

Life At The End Of American Empire

Economics Politics

The 2008 crisis and the government’s response made obvious the extent of economic and political inequality in the United States, and the absolute decline in wealth and well-being for a growing fraction of Americans. Evidence of decline is manifest to those of us living in America in the first decades of the 21st century.

Muslims Of Early America

Muslims Of Early America

History Long Reads

Muslims came to America more than a century before Protestants, and in great numbers. How was their history forgotten? Not just the language of Islam, but the religion itself likely arrived in America in 1492, more than 20 years before Martin Luther nailed his theses to the door, igniting the Protestant reformation.

The Invention Of Money

The Invention Of Money

Business Economics History Long Reads

When the Venetian merchant Marco Polo got to China, he saw many wonders. One of the things that astonished him most, however, was a new invention, implemented by Kublai Khan, a grandson of the great conqueror Genghis. It was paper money, introduced by Kublai in 1260.

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

America Is About To Witness The Biggest Labor Movement It’s Seen In Decades

Business Economics

The past four decades have been perhaps labor’s weakest since the Industrial Age. For a half-century, those working for hourly wages have won almost no real gains. The real average hourly wage in 2018 dollars adjusted for inflation was $22.65 in 2018, compared with $20.27 in 1964 — just an 11.7% gain.

The New Generation Of Self-Created Utopias

The New Generation Of Self-Created Utopias

Life Long Reads Psychology

The United States has been a laboratory for experiments in alternative living since its founding. As so-called intentional communities proliferate across the country, a subset of Americans is discovering the value of opting out of contemporary society.

The Race To Develop The Moon

The Race To Develop The Moon

Long Reads Science

For science, profit, and pride, China, the U.S., and private companies are hunting for resources on the lunar surface. It’s not difficult to imagine moon development, like all development, proceeding less than peacefully, and less than equitably.

Thirty-Six Thousand Feet Under The Sea

Thirty-Six Thousand Feet Under The Sea

Long Reads World

For more than a year, the team trying to reach the deepest point in every ocean faced challenges as timeless as bad weather and as novel as the equipment they invented. This is the story of the explorers who set one of the last meaningful records on earth.

The Economy Of Cuba

The Economy Of Cuba

Economics Videos

Cuba is home to possibly the most bizarre economy in the world. Its wild swings between a hardcore capitalist society to a worker’s paradise and now an odd combination of both has meant that the country has probably not been able to live up to its full potential.

Why Prices Differ Around the World

Why Prices Differ Around the World

Economics Explainers Videos World

If you have ever traveled somewhere, especially to countries that are either a good deal richer or poorer than your own, you might have noticed that some places are certainly a lot more expensive than others. There seems to be a strong correlation between the average wealth of a country and the cost of goods and services.

The Birth-Tissue Profiteers

The Birth-Tissue Profiteers

Economics Health

How well-meaning donations end up fuelling an unproven, virtually unregulated two-billion-dollar stem-cell industry. An industry has sprung up in which specialized clinics offer miracle remedies from poorly understood stem-cell products.

The Secret History Of Facial Recognition

The Secret History Of Facial Recognition

History Long Reads Tech

Sixty years ago, a sharecropper’s son invented a technology to identify faces. Then the record of his role all but vanished. He died on October 4, 1995. His obituary in the Austin American-Statesman made no mention of his work on facial recognition. Who was Woody Bledsoe, and who was he working for?

We use cookies on this website to analyse your use of our products and services, provide content from third parties and assist with our marketing efforts. Learn more about our use of cookies and available controls: cookie policy. Please be aware that your experience may be disrupted until you accept cookies.