With the story about Pandora Papers coming out yesterday, the one thing that has often frustrated me about the trust companies in South Dakota is that having all that money parked here doesn’t benefit the state coffers one bit.
Even if we had a simple state finance charge or a transaction fee that was incredibly tiny, we could rake in millions for education and infrastructure.
The first problem with that is the ones that hold onto the trusts could no longer be secret.
I ask our legislators, why are we allowing them to be here if they serve no public good? You know like PO box RVers, sales tax on food and video lottery.
Nevermind.
