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From there, we start with more travel with rising wealth, etc.
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The tax benefits, although much exaggerated by insurance salesmen, are sometimes enough to overcome the considerable overhead costs (salesmen's commissions, etc.) of passing on wealth in this fashion.
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Foreign institutional investors mainly consist of mutual funds, pension funds, endowments, sovereign wealth funds, insurance companies, banks, asset management companies etc.
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To hear his mental midget detractors, Romney had earned his wealth through the laying off of defenseless employees, the looting of companies, etc.
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Instead, they seek hedges against the very devaluation sought by monetarists which is most often investment in the wealth of yesterday: think land, commodities, rare stamps, art, etc.
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One implication of the pie metaphor is that wealth is a zero-sum game: there is a fixed amount of houses, cars, medicines, etc. to go around, and the more Steve Jobs gets the less is left for the rest of us.
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