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From the time I was about 10 years old; I would hear from my rich dad that government workers were a pack of lazy thieves; and from my poor dad I would hear how the rich were greedy crooks who should be made to pay more taxes。 Both sides have valid points。 It was difficult to go to work for one of the biggest capitalists in town and e home to a father who was a prominent government leader。 It was not easy knowing who to believe。

Yet; when you study the history of taxes; an interesting perspective emerges。 As I said; the passage of taxes was only possible because the masses believed in the Robin Hood theory of economics; which was to take from the rich and give to everyone else。 The problem was that the government's appetite for money was so great that taxes soon needed to be levied on the middle class; and from there it kept 〃trickling down。〃

The rich; on the other hand; saw an opportunity。 They do not play by the same set of rules。 As I've stated; the rich already knew about corporations; which became popular in the days of sailing ships。 The rich created the corporation as a vehicle to limit their risk to the assets of each voyage。 The rich put their money into a corporation to finance the voyage。 The corporation would then hire a crew to sail to the New World to look for treasures。 If the ship was lost; the crew lost their lives; but the loss to the rich would be limited only to the money they invested for that particular voyage。 The diagram that follows shows how the corporate structure sits outside your personal ine statement and balance sheet。

How the Rich Play the Game

Is reduced/diminished by expenses

Assets 》 Ine

(through personal corporation)

It is the knowledge of the power of the legal structure of the co

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