We should also implement a 10 percent surtax on the value of estates above $1 billion to break up the extreme wealth of the 540 billionaires in the United States-the wealthiest 0.0002 percent of America-and end tax breaks for dynasty trusts. This includes eliminating the so-called "grantor retained annuity trust," and the "generation-skipping tax," whose loopholes have allowed billionaires like Sheldon Adelson and the Walton family, the owners of Wal-Mart, to legally manipulate the rules for trusts passed on from one generation to the next without paying estate or gift taxes, resulting in savings of $100 billion in taxes since 2000.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "We should also implement a 10 percent surtax on the value of estates above $1 billion to break up the extreme wealth of the 540 billionaires in the United States-the wealthiest 0.0002 percent of America-and end tax breaks for dynasty trusts. This includes eliminating the so-called "grantor retained annuity trust," and the "generation-skipping tax," whose loopholes have allowed billionaires like Sheldon Adelson and the Walton family, the owners of Wal-Mart, to legally manipulate the rules for trusts passed on from one generation to the next without paying estate or gift taxes, resulting in savings of $100 billion in taxes since 2000." in the context of "Bernie Sanders Our Revolution (2016)" to mean that wisdom is timeless.