{"id":556,"date":"2026-04-13T07:35:52","date_gmt":"2026-04-13T07:35:52","guid":{"rendered":"https:\/\/uaml.org\/?p=556"},"modified":"2026-04-13T07:51:12","modified_gmt":"2026-04-13T07:51:12","slug":"556","status":"publish","type":"post","link":"https:\/\/uaml.org\/index.php\/2026\/04\/13\/556\/","title":{"rendered":"Inside America\u2019s Race to Hide the World\u2019s Money"},"content":{"rendered":"

Alessandro Chesser is a 40-year-old Silicon Valley entrepreneur. He\u2019s married with two kids and was the first in his family to attend college. His grandfather immigrated from Sicily and worked as a school janitor so his family could have a better life.<\/p>\n

Skip forward a few generations, and Chesser is noticing the way wealthy investors hide their money to avoid paying taxes. He\u2019s outraged and wants to upend the tax system, which he thinks is unfair to the everyday American worker. In Chesser\u2019s mind, the realistic solution isn\u2019t to reform the tax code, but to make it easier for average Americans to access one of the best-kept secrets of the superrich: trusts.<\/p>\n

Trusts have become big business in the US. They are now an industry worth trillions of dollars. But no one knows the exact number, because the trust industry is extraordinarily private. Trusts can last forever (literally), but there is no public registry for them. In fact, they are one of the main reasons why watchdog groups<\/strong> consider America to be the most secretive financial jurisdiction in the world.<\/p>\n

This week on Reveal<\/em>, journalists Sally Herships and Leah McGrath Goodman investigate America\u2019s shadowland of trusts. As the nation\u2019s wealth gap keeps growing\u2014and Americans brace for Tax Day\u2014we uncover what\u2019s at stake as US states race to become the most trust-friendly jurisdictions in the world.<\/p>\n

Podcast\/ Inside America\u2019s Race to Hide the World\u2019s Money<\/strong><\/a>
\nby 40 min. Prof. James Henry \/UAML
\n\"\"<\/a>#PriceOfOffshore<\/a><\/span> #OFFOnShore<\/a><\/span> #REVEAL<\/a><\/span> Podcast: With Secret Trusts, the Offshore World Has Moved Onshore: “Inside America’s Race to Hide the World’s Wealth”… JS Henry intv at the end)
\n<\/span>submergingmkt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Alessandro Chesser is a 40-year-old Silicon Valley entrepreneur. He\u2019s married with two kids and was the first in his family to attend college. His grandfather immigrated from Sicily and worked as a school janitor so his family could have a … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-uaml"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t