Monday, January 27, 2014

Can a democrat enter a Mormon Temple without lying?

The short answer is no.  Although many do as a result of deception or bribery. 


Is it possible for a democrat to be a Mormon?


I searched this exact question on Google and got many results, none of which were correct. Of course, none of the resulting web pages were written by God or Jesus. The majority of the responses were written by blind sheep following a drunk Mexican on a blind horse. Many of these imbeciles are probably leaders in the LDS Church and for some reason have not been excommunicated. The Church does not excommunicate people for being stupid. They don't even excommunicate communists, socialists, Lucifarians, liars, deceivers, mockers, and many other anti-Christ behaviors.


Like a retard trying to explain the complexities of the universe, one must first understand the meaning of the terms. The meaning of the word “democrat” has evolved over the years in a way similar to the way the meaning of the word “gay” has evolved. My parents may have been gay according to the meaning of the word 50 years ago, but certainly not a queer fag as the word implies today. Likewise, a child of the last 20 or 30 years may have parents that were democrats as defined in decades passed, but would be appalled to discover what is considered a democrat today.


Reading the current Democratic National Platform as adhered to by all liberals today, includes many beliefs that are considered clearly Satanic or evil by even the most fringe of Christians. For example, the right to life is considered by Christians worldwide to be the most fundamental of God given rights that man has not the authority to change. This makes no difference to democrats as they do not give God credit for anything. Democrats do believe in God, just as Lucifer does. In the battle between good and evil, Lucifer and democrats are on the same side. Lucifer believes in God, he just does not agree with him. In fact, democrats and Lucifer actually hate God. They may lie and say otherwise, but Lucifer is after all the father of all lies.


One must go back in time before the earth existed to the great council in Heaven.



Although spoken of as a single council, there may have been multiple meetings where the gospel was taught and appointments were made. Jesus and the prophets were foreordained in the council. A redeemer was to perform a twofold mission in redeeming mankind from the physical and spiritual deaths brought about by the Fall of Adam and also in providing redemption, upon repentance, for sins committed by individuals. At a certain point in the council, the Father asked, "Whom shall I send [as the Redeemer]?" Jesus Christ, known then as the great I AM and as Jehovah, answered, "Here am I, send me," and agreed to follow the Father's plan (Moses 4:1-4;Abr. 3:27). As a counter-measure, Lucifer offered himself and an amendment to the Father's plan of saving mankind that would not respect their agency. The substitute proposal was also designed to exalt Lucifer above the throne of God. The Father's response was, "I will send the first" (meaning Jehovah). Lucifer rebelled and became Satan, or "the devil." A division developed among the spirits, and no spirits were neutral (DS 1:65-66). There was war in heaven (Rev. 12:7-8), and the third of the hosts who followed Lucifer were cast out (Rev. 12:4D&C 29:36). These rebellious spirits, along with Lucifer, were thrust down to the earth without physical bodies (Rev. 12:9; cf. Isa. 14:12-17). The Prophet Joseph Smith explained: "The contention in heaven was-Jesus said there would be certain souls that would not be saved; and the devil said he could save them all, and laid his plans before the grand council, who gave their vote in favor of Jesus Christ. So the devil rose up in rebellion against God, and was cast down, with all who put up their heads for him" (TPJS, p. 357). Heavenly Father and the faithful spirits in heaven wept over them (D&C 76:25-29). Satan and his followers are still at war with those spirits who have been born into mortality (Rev. 12:9; cf. "War in Heaven," p. 788).



Think of agency as freedom. Jesus' plan was that we would have complete freedom and ,would also be held accountable for our actions. Lucifer, on the other hand suggested that a little less freedom could ensure that all mankind was saved.



Benjamin Franklin said “He who sacrifices freedom for security deserves neither. ... Those who give up their liberty for more security neither deserve liberty nor security.



So what it came down to in simple terms is that Lucifer was a democrat. He believes that government (him) knows best and will remove some freedom for a better end result.



Lucifer and democrats agree in all things. Let us examine how important freedom is and why Lucifer's plan so was evil and made God so mad, that he kicked Lucifer out of heaven, denied him the opportunity to ever receive a body, and most importantly, denied Lucifer the option of ever coming to his senses and seeing the light and changing his mind and requesting forgiveness. There is no sin in the entire collection of universes, star systems, and galaxies, as evil as being a democrat and here is why:



Imagine the freedom that God has. He can do anything he wants. He doesn't want to do anything bad because he knows there are consequences. He can build worlds, create spirits, and human bodies. He can do whatever he pleases with no limitations of any kind. We would not want evil people to have this much power because they might blow up an entire universe just for fun. With power, comes responsibility. Democrats do not like responsibility. Democrats want girls to be able to have all the sex they want and if they get pregnant, they can just kill the baby and go on as if nothing happened.



Removing even a single freedom is terrible. Not having freedom is like being on a train track. The builder of the track decides where you can go. He, whether big government or Satan knows what is best for the train and the train just has to trust the big government. But having freedom and taking personal responsibility for one's actions is like having a 4 wheel drive Hummer that can cross the train track and go left or right and pick up a pretty hitch hiker and go have a picnic far from the tracks and the train can not go there because it is not possible to leave the track.



God allowed us to temporarily create children. When we die, we lose that capability. The trial of earth life will determine how much freedom we can handle. The founders of this country tried an experiment to see if man could govern themselves. It had never been tried before. Since no democracy has ever succeeded, they tried something completely new called a constitutional republic. They wrote the constitution so that we could never be a democracy. Satan and democrats have removed the truth from schools and made it illegal to tell the truth. But you can still read books and discover the truth that they do not want you to know.



It all comes down to one word. Freedom. And anyone that wants to remove even a single one for any reason is an evil prick that should burn in hell for eternity. Jesus knew this, but also knew that with freedom comes personal responsibility. Jesus says you have the choice to have sex, but should choose not to until the time is right. Satan says have sex and kill the bastard if necessary. Big difference!



Jesus wants parents to raise their children with truth. Satan and Hillary want the village to raise your children with the collective morals and certainly, no God.



Everything a democrat believes in is evil. There is not a single talking point that has any merit. The democrats have smooth tongues and make things look good.





Democrats bleed good people dry.



So the LDS Church may let democrats be members as they allow all sinners to be, as does most any church. As for the church allowing democrats to enter their Temples, it is only done by a democrat bishop, stake president, or other evil person except when the democrat obtains Temple privilege by deception or false pretense.



It is not possible for a democrat to vote for abortion, fagots, high taxes, big government, loss of freedoms, etc. and be ANY Christian, including a Mormon. It is not possible for a person to restrict private property rights and be Christ-like.



The battle between good and evil is about 50/50. Fifty percent of the population was either pure evil or incredibly stupid to have voted for Obama. Not because he is black. Because he is evil. And that is another word that democrats have changed the meaning of, racist. When they say anti racist, they mean anti-white. Everything about democrats is based on evil and lies.

Tuesday, January 14, 2014

God did not put us here to fail

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Saturday, January 11, 2014

Now is the time to choose

Freedom



Freedom is not only the most important thing on earth, it is the most important thing to God and every universe that He created and every living thing including the infinite and beyond.


A computer can do massive amounts of calculations in a single second, but is bound by an instruction set that limits it's freedom to “think out of the box”. That is, it has to follow the rules and can not arbitrarily decide to do things a different way. The computer, therefore, can not be creative. It can only do things that have been preprogrammed.


Creating life is a complicated process that man as yet has not accomplished. Man together with woman can create a physical body, but the spirit comes from somewhere else. God has granted man the capability to procreate and set certain guidelines, which unlike a computer, man has the ability to break the rules, and do something else. This is called freedom.


Freedom is a very important thing. In fact, it is the subject of the biggest and longest and most decisive war in the infinite worlds of God and all of His creations. There is no other thing as important in all of infinity than freedom. There never has been and there never will be. Ever, because it is not possible, even for God to create anything as important as freedom. For freedom to even exist, there must be choices. If there are no choices, then it is like a train on a track. The train can not choose to go somewhere other than the track. Choices mean opposition in all things.


When the spirits that God had created or assembled, or caused to be, or however this was done, had achieved a level of intelligence that was literally out of this world, it became time to advance to the next level. The physical level would allow feelings, touch, and other senses and things that would bring the spirits closer to a state of Godhood. The human experience would necessarily have to be a temporary one, because freedom would be involved. Like the Constitutional Republic form of government of the United States, it only works if the government is comprised of good and honest people. Freedom can not be maintained by evil forces. This meant that it would be necessary for humans to die. Humans are evil by nature and can not be trusted with the power of either freedom or procreation for any extended period of time. It is far too dangerous. It would be like putting a wolf in charge of the chickens.


But many of the spirits could be trusted with both freedom and procreation. Even for eternity. The test is to see which ones.


God presented His plan to his spirit children. Freedom and procreation are so important and powerful things that they can not be trusted to the evil, wicked, or social minded. Putting these most valuable attributes in the hands of those not worthy of such, would be like placing a fully automatic machine gun, loaded with an unlimited amount of bullets, into the hands of an infant, so that if the child pulled the trigger, millions of people would be killed in a matter of just a few moments. The consequences of such would be far too great. There would need to be a test. It would be necessary to erase the memories of all participants before their entering the testing area because if not, they would all pass the test for sure, since they would know what it was all about. Then, those that passed the test could be given the power of freedom and procreation.


Lucifer suggested that by removing a few freedoms, he could guarantee that all would pass the test.


Jesus pointed out that losing freedoms was never a good choice and that only wicked and vile democrats and socialists would ever even suggest such a stupid idea.


Lucifer gained favor with a third of the population assembled by stating he would take care of them and offer such things as welfare, food stamps, even Obummercare. He would even see to it that an evil man named Roosevelt would create a new deal that took money from the productive and gave it to the slothful. A third of the congregation were fooled by the silver tongue of the evil one!


Jesus explained that freedom was more precious than anything ever imaginable. For without freedom, we would be on a train track and not in charge of our own destiny. He pointed out that social programs were for churches and charitable organizations and not for government. A third of the spirits could see the truth in what Jesus said.


So, there was a third for Lucifer and his democratic social programs and a third for freedom. This left a third that was undecided. You might say the undecided were not the brightest bulbs in heaven. This meant there were a third lazy and evil, a third benevolent and confident, and a third kind of like Africans that couldn't care less about anything as long as they could have free sex and dig bugs out of trees to eat.


So God kicked all of the democrats out of heaven forever and was so incredibly pissed off at them and their idiotic social program ideas that he even removed their ability to change their mind, or repent, or even participate in the human experience at all, except as demons, liars, and destroyers of anything good. Forever and for all eternity, these morons would never have a body, never procreate, and never achieve Godhood and the ability to have the freedom of choice for all eternity.


God gave the benefit of the doubt to the less bright and did allow them to participate in the test, but with limitations. They would have every opportunity to pass the test and could participate in Godhood if they achieved it.


The best spirits would come to earth or their designated planet and be born into circumstances that were designed specifically for them based on their past performance. There was to be no random chance as to be born white or black, rich or poor. There would be good come from every walk in life and even queers could become rock stars and blacks could become presidents.


Whether people believe this or not does not make it any less so.


Thomas Jefferson and Benjamen Franklin have stated these truths and as a result, the evil school administrators have removed their books from school shelves.


We were given the Bible and other written testimony like the Dead Sea Scrolls. We have the ability to choose. Many will make bad choices and that is the purpose of the test, to determine who loves freedom and is willing to fight for it and who are lazy worthless pieces of shit that are willing to give up a little freedom to have a little security.


There will not be a single democrat in the higher degrees of heaven where freedom and procreation are unlimited. These vermin will not be allowed families or the ability to create worlds and children without end.


Democrats are the lowest life forms as they spread their filthy lies and do their best to destroy freedoms for everyone. Fortunately, they will get their reward.


While it may seem that all good people should rip the heads off every democrat and urinate down their throat tube, and they certainly do deserve it, and the world would be a much better place for it, but it would deprive the evil pricks from committing the vile acts that will condemn them to hell forever. And when it is all said and done, and we are in our infinite glory, they will wish that they could be where we are and would gladly be urinated on if that would help, but it won't.

Sunday, December 29, 2013

How to determine a person's honesty with 100% accuracy

When was the last time you heard of a dishonest Native American? May I suggest never?  Not that it is impossible, but because the odds are so remote, it is more likely the roulette wheel in Las Vegas will land on black a hundred times in a row, than you will meet a dishonest Native American.

When was the last time the person in front of you in the grocery line using food stamps, was a Chinese? Again, never.

When was the last time a plane was hijacked by someone that was NOT a Muslim?

What are the odds that the graffiti defacing public and private property was created by a Hispanic?

If a person tells you that all races are the same or that all men are created equal, is it even possible that they are telling you the truth?  Of course not! But if Satan can get you to believe it, or at least not oppose it, he has got you living a lie!

Satan has people thinking good is bad and that bad is good.  Make no mistake, political correctness is in itself evil to the core.  If you judged a person on only one trait, whether or not they are politically correct, you will never be wrong, EVER!  A politically correct person is a liar, and is living a lie.  It is not possible for a politically correct person to be honest.  It is no more possible than for lightness and darkness to occupy the same space at the same time. 

Never hire a PC person, never vote for a PC person, and remember that you can determine a person's honesty with 100% accuracy by using PC as a question, because it is not possible under any circumstances for a PC person to be honest.


Saturday, December 28, 2013

Place your Trust in South Dakota

Moguls Rent South Dakota Addresses to Dodge Taxes Forever

Photographer: Zachary Mider/Bloomberg
Pierce H. McDowell III, president of South Dakota Trust Co., in his office in Sioux Falls. The newspaper clipping is from March 1934, when a notorious gang robbed the local Security National Bank. McDowell's grandfather worked as a trust officer at the bank. According to family lore, during the holdup, Baby Face Nelson poked a Thompson machine gun in his grandfather's belly.
Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, South Dakota.
A branch of Chicago’s Pritzker family rents space here, down the hall from the Minnesota clan that controls the Radisson hotel chain, and other rooms held by Miami and Hong Kong money.
Don’t look for any heiresses in this former five-and-dime. Most days, the small offices that represent these families are shut. Even empty, they provide their owners with an important asset: a South Dakota address for their trust funds.
In the past four years, the amount of money administered by South Dakota trust companies like these has tripled to $121 billion, almost all of it from out of state. The families needn’t actually move to South Dakota, or deposit their money at a local bank, or even touch down in the private jet. Little more than renting an address in Sioux Falls is required to take advantage of South Dakota’s tax-friendly trust laws.
States like South Dakota are “creating laws that are conducive to a massive exploitation of a federal tax loophole,” said Edward McCaffery, a professor at the University of Southern California’s Gould School of Law. “We have a tax haven in our midst.”
South Dakota’s sudden popularity illustrates how, at a time of rising U.S. economic inequality, the wealthiest Americans are embracing ever more creative ways to reduce taxes legally. Executives at South Dakota Trust Co., one of the biggest in the state, estimate that one-quarter of their business comes from special vehicles known as “dynasty trusts,” which are designed to avoid the federal estate tax. Creation of such trusts has surged in recent years as changes in federal law enabled more money to be placed in them.

Dynastic Wealth

While the super-rich use various tools to escape the levy - - some have exotic names like the “Jackie O” trust and the “Walton GRAT” -- the advantage of dynasty trusts is that they shield a family’s wealth forever. That defies the spirit of the estate tax, enacted almost 100 years ago to discourage the perpetuation of dynastic wealth.
More from the Artful Dodgers series:
The dynasty trust isn’t South Dakota’s only lure. Another attraction, for customers in places likeNew York and Massachusetts, is the chance to shelter their investments from income taxes in their home states. In November, a government commission in New York recommended tightening trust laws to avoid income-tax leakage to states like South Dakota, estimating the change would raise an extra $150 million a year.

Prairie Bermuda

Still others are drawn to South Dakota’s iron-clad secrecy, and protections of trust assets from creditors and ex-wives. Many of these features emulate those available in Bermuda and other island havens. Some wealthy families are also attracted by South Dakota rules that enhance their control over investment decisions and make it easier for them to set up their own trust companies rather than rely on a bank trustee.
In South Dakota, a farm state that’s home to two of the 10 poorest counties in the U.S., lawmakers say they’re bolstering the trust industry to generate work for local law firms and bankers, and forge ties with prosperous families that may one day decide to build a factory or a warehouse here. The legislators are turning the Mount Rushmore State into the Bermuda of the prairie.
As much as anyone, Pierce H. McDowell III can take credit for this transformation. He works upstairs from the hall of empty offices, on the second floor of the old Kresge five-and-dime, where he’s president of South Dakota Trust Co.

American Siberia

At 56, McDowell has been promoting the state he affectionately calls “North America’s Siberia” for most of his career. In 1993, he published an article in a national estate-planning journal recommending that wealthy people across the country establish dynasty trusts in South Dakota.
Because the estate tax is imposed on large fortunes at death, McDowell wrote, wealth that’s big enough to last for generations will have to contend with multiple tax bills. A father pays the tax when he leaves his money to his children, who pay again when they pass it down. Each generation faces a toll. The current rate is 40 percent.
McDowell’s solution was for the father to establish a never-ending trust that pays each generation of heirs only what they spend, while the rest of the money grows. In 1993, when McDowell was writing, that wasn’t possible in 47 of the 50 states because of an ancient rule limiting the duration of trusts to the lifetime of a living heir, plus 21 years. The concept has been a part of Anglo-American jurisprudence since a case decided by England’s Lord Nottingham in 1681.

Fortune Shield

South Dakota repealed that rule in 1983, and unlike Idaho and Wisconsin -- the other two states without the provision -- it had no income tax. So, McDowell wrote, a trust set up here could shield a big fortune from taxes for centuries, escaping tax bills as it hands out cash to great-great-great-grandchildren and beyond.
Over dinner at a Sioux Falls restaurant this month, McDowell elaborates on the idea. He has curly gray hair and a quick laugh, and he’s wearing an open collar under a quilted winter vest. He’s known around town for making the one-mile trek to his office on a fat-tire bicycle, even in December.
“I like to equate it to the wine in this glass,” McDowell says, covering his Cabernet with his right hand. “Here you’ve filled it to the rim and push it downstream to the next generation. You can sip from it, you can have the equivalent of outright ownership, but you don’t own it under the law. Your children -- they too will have the opportunity to sip from it.” He cups his hands as if to cradle the precious liquid.
In most states, the glass has to pour out completely in a generation or two. We did away with that in 1983.” He chops the air with his hand.

‘Trust Tsunami’

McDowell’s sales pitch got far more attractive in the past few years, when Congress gave the idea an inadvertent boost.
“I call it the trust tsunami of 2012,” McDowell said.
The reason most Americans don’t have to worry about the estate tax -- fewer than one in 700pay it -- is because Congress applies the tax, and related taxes on other transfers to heirs, only when a fortune exceeds certain thresholds. For complicated reasons, the amount that most people can place in dynasty trusts is usually limited to one of these exemptions, which was set at about $1 million throughout the 1990s. It’s the size of the glass into which a wealthy family can pour the wine.
Throughout the 2000’s, this exemption rose, and by 2011, it reached a record $5 million per individual. The temporary law was scheduled to expire after 2012, at which point it would revert to $1.4 million. Congress didn’t act to make the higher amount permanent until Jan. 1, 2013.

Trust Rush

With the fate of the exemption uncertain, McDowell said his clients rushed to meet the deadline during the last few months of 2012, creating billions of dollars’ worth of new trusts. He had to turn away new customers, and hire retirees to handle the crush of paperwork. There were late nights and shortened Christmas vacations. By the end of the year, he said he’d added about 500 trusts to his rolls, more than twice the number in a typical year.
For the richest families, even a $5 million dynasty trust represents only a fraction of their fortunes, so lawyers have invented complicated strategies to squeeze bigger sums into the vehicles -- as much as $39 million, according to a presentation by McDowell’s firm published last year. Such aggressive maneuvers, once common, have become rare in recent years, McDowell said.

Office Space

McDowell’s firm now administers trusts worth $14 billion, according to its website, almost all of them originating in other states. An additional $75 billion is overseen by the offices downstairs, each of which is technically a separate trust company catering to just one family. The companies pay rent to McDowell for the office space, and fees for handling paperwork and administrative duties like filing tax returns; McDowell declined to comment on the price of these services. All of these are necessary steps if the families want to prove that the trusts are truly South Dakotan.
The tenants include companies like Carlson Family Trust Co., serving the Minnesota family behind Radisson and the TGI Friday’s restaurant chain, and JHN Trust Co., linked in state incorporation papers to the family of the late New York hedge fund pioneer Jack Nash. Other companies have ties to Thomas Peterffy, the Connecticut online-brokerage billionaire; the descendants of a namesake of the Dillon Read & Co. investment bank; and the heirs of a Peruvian sugar plantation, state filings show.

Italian Castle

Trusts overseen in the Kresge five-and-dime building hold all kinds of assets, from stakes in private companies to a castle in Italy. While their holdings aren’t public, securities filings sometimes offer a glimpse. In July, the two top executives at Monster Beverage Corp. (MNST), the Corona, California-based energy drink maker, shifted $478 million of their stock to undisclosed “entities” controlled by a trust company based in the building.
In 2010, the Pritzker family, whose members include U.S. Commerce Secretary Penny Pritzker, revealed in a securities filing that one branch had moved $360 million of Hyatt Hotels Corp. (H) stock to trusts overseen by a native South Dakotan named Thomas J. Muenster. Muenster, whose sister married a Pritzker, maintains an office in the Kresge building.
The SEC disclosures don’t show whether any of these moves resulted in federal or state tax savings; the amounts exceed what one individual could put in a dynasty trust. Most state and federal tax filings are private, and McDowell declined to comment on specific clients. He said most families that set up private trust companies are attracted by South Dakota’s flexible trust management rules rather than tax avoidance.

‘Family Tradition’

The Monster executives declined to comment through a spokeswoman, as did the Carlson family. Jay Robert Pritzker, his sister Penny Pritzker, and his brother-in-law Muenster didn’t respond to messages seeking comment, nor did Peterffy or Joshua Nash of JHN.
“Our family tradition has been to keep things private,” said Mark Collins, a manager of Dillon Trust Co. “We prefer to keep it that way.”
In 2007, the Wrigley family, heirs to the candy fortune, transferred oversight of family trusts holding $1.9 billion of company stock to a private trust company in the Kresge building, according to anSEC filing.
The family picked South Dakota because of the state’s favorable laws governing the formation of private trust companies, the Chicago family said last week in a statement attributed to William Wrigley Jr. The family said the move didn’t involve any state or federal tax savings.

Disinterested Congress

President Barack Obama has called for closing the dynasty trust loophole in annual budget proposals, even though the change wouldn’t boost tax receipts under his administration. The impact of dynasty trusts on federal revenue is far in the future -- though potentially enormous, saidLawrence Waggoner, a retired professor at University of Michigan Law School.
“The federal government won’t lose out for maybe 90 years, and maybe that’s why Congress is not terribly interested in the subject,” Waggoner said. “The longer they procrastinate, you have larger and larger amounts in perpetually tax-exempt trusts.”
One clue to how much wealthy families might save comes in McDowell’s 1993 article. Just $1 million invested in a dynasty trust, and earning 12 percent a year, would swell to $1.9 billion in 85 years, he wrote -- compared with $488 million if the same trust was located in New York, subject to both state income taxes and the federal estate tax when it expired.
Beneficiaries must still pay personal income tax on distributions from these trusts, McDowell said. If a family runs out of heirs before a trust is exhausted, the leftovers are typically directed to a charity, he said.

Proven Tactic

Loosening local laws to attract out-of-state business is a proven tactic for South Dakota. In 1981, it lured Citicorp’s credit-card business -- and hundreds of jobs -- from New York by becoming the first state to repeal limits on interest rates. Other lenders followed. The credit-card industry, along with a boom in farm profits, help explain why Sioux Falls’ unemployment rate of 2.9 percent is less than half the national average. Pockets of poverty persist in American Indian reservations in the state’s midsection.
So far, the trust industry’s contributions to state coffers have been modest. Without an income tax, South Dakota doesn’t get revenue directly from the trusts. Companies like McDowell’s pay franchise taxes on their earnings, a levy that raised about $1.2 million last year, according to the state Department of Revenue, out of a state budget of about $4 billion.

‘Worth It’

Nor has the industry become a major employer. The state estimates that about 100 South Dakotans work for locally chartered trust companies. Then there are an unknown number of jobs in local trust units of national banks such as Wells Fargo & Co. (WFC), and more work for local law firms and accountants. The trusts aren’t required to hire local money managers or invest in local businesses. By comparison, a typical Wal-Mart Supercenter, of which there are two in Sioux Falls, employs about 350 people.
“If you’ve got several hundred well-paying jobs, it’s worth it to us,” said Governor Dennis Daugaard, a Republican who used to travel to Minneapolis pitching tax-saving trusts when he worked at a bank in Sioux Falls. “It also gives us the opportunity to develop relationships with people who have the ability to encourage business here of other sorts. Now, I can’t point to a single case where that’s occurred yet, but I think it’s possible.”

Perpetual Trusts

When he’s away on state business in New York or Chicago, Daugaard said, he sometimes takes time to meet with wealthy clients of the South Dakota trust industry. He said he thanks them for doing business in his state.
McDowell’s 1993 article publicizing South Dakota’s advantages helped him land a job at Citicorp, setting up trusts for the bank’s clients. As the lender started promoting South Dakota’s advantages nationally, Delaware passed a similar law allowing perpetual trusts.
Alaska was next, after a fishing trip there inspired a New York estate planning lawyer named Jonathan Blattmachr to draft the legislation. A half dozen states, including Nevada and New Hampshire, now jostle for the business of the super-rich.
To try to maintain its edge, South Dakota assembled a permanent task force comprising industry players such as McDowell to monitor developments in other states and propose new legislation each year. In March, Governor Daugaard signed the group’s latest submission into law, making it harder for former spouses and their offspring to tap certain trust assets.

Eye Rolls

The bill was sponsored by the House’s Committee on State Affairs, whose chairman, David Lust, is also House majority leader and head of the trust task force. When the part-time legislature isn’t in session, Lust works at a Rapid City law firm where one of his partners is a leading trust lawyer.
Lust receives no “direct benefit” from the legislation, he said.
Bernie Hunhoff, a Democrat and the House minority leader, said some in his caucus roll their eyes when the task force’s annual proposals come up for a vote. They’re aware that the trust industry drains revenue from the U.S. Treasury, which supplies almost half the state’s budget each year, he said.
“There’s a bit of an irony there, if not hypocrisy,” said Hunhoff, editor and publisher of South Dakota Magazine. “Anything we can do to poke the federal government in the eye, or to help anybody, even wealthy strangers from 1,000 miles away, avoid taxes, that seems to be a popular thing out here.”
Still, Hunhoff said the proposals have bipartisan -- and virtually unanimous -- support.
“If we don’t provide for these kinds of trusts here, this will happen in some other state, so we might as well try to get the activity here,” he said. “If we can find opportunity for a few dozen young lawyers, I guess I’ll set my philosophical concerns aside.”
To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net
To contact the editor responsible for this story: Daniel Golden at dlgolden@bloomberg.net