Can Bossy Billionaires Now Boss Forever?

By Sam Pizzigati

January 22, 2012 - 9:17pm ET 

Changes in state tax laws now encourage America’s awesomely affluent to create “perpetual” trusts for their heirs. The combination of these new laws and new technology, legal scholars are warning, now allows the “dead hand” of the past to rule over the living. In essence, immortality for the rich.

Money can buy many things. But money can’t buy immortality, right?

That may once have been true, legal scholars Lawrence Waggoner and Michael Vincent argue in two new and chilling scholarly papers, but not anymore.

Billionaires today — and mere mega millionaires, too — now have all the tools they need to impose their values on future generations essentially forever.