Chapter 418: Still Have to Be a Trust (1)

When Hemingway and Chaplin get together, what kind of effect can they have?

One is a great writer who is keen on adventure, and the other is a master of comedy, and they always feel that they don't match, but they do have a common language.

And they are still the same age, at least not to the extent of forgetting the New Year.

The two of them chatted as soon as they met, and they didn't know where they came from so many topics to talk about, and the heat was comparable to the state of the fat dun when they were picking up girls, and they were quite crazy.

Of course, it doesn't matter what they talked about, what matters is that William became one of the screenwriters of Chaplin's new film.

Look, first exposing it, then making a big production, and then tracking and reporting on its private life, it is difficult for ordinary people not to pay attention to it.

This is the power of capital, when capital wants to support a person or speculate on a commodity, the people have no choice, they can only passively accept.

And Li Yaoyang's big twists and turns are not just for the sake of popularizing William alone, and it is impossible for Atlantic City Publishing House to be established for him alone.

Today, Li Yaoyang's capital system includes three major sectors: real estate, wine, media and publishing, as well as small sectors such as hotels and catering, and transportation, with an annual net income of more than 3 million US dollars.

What a crazy number, such a huge fortune is in the hands of a Chinese person, it is impossible to say that no one is jealous.

But it's useless to be red-eyed, the current Li Yaoyang is not someone who can move if he wants to, he is deeply cultivated in Atlantic City, and he can attack and retreat and defend.

When the residents of Xinhua Town officially settle in, his strategy will be completed conveniently.

There is a moat outside to defend against foreign enemies, and there is a sufficient population base in the rear as a strategic support, and there is still a distance from a real plutocracy, but it is already an out-and-out capitalist.

What is a chaebol?

According to the official interpretation, the chaebol refers to a paternalistic monopoly capital group, which is a series of enterprise conglomerates that are actually controlled by the family and the control of management rights.

The term "zaibatsu" originated from neon and was used around 1900 to refer to a wealthy man in a certain place, but by the end of the Meiji period, it was no longer limited to a certain place, and it was common to refer to the family of that wealthy person.

In today's definition, a chaebol is a conglomerate of companies with subsidiaries of various businesses centered on a parent company established by a family or its blood relatives.

To put it bluntly, you must achieve an absolute monopoly in a certain field in order to qualify as a chaebol.

In fact, there is no real chaebol in the ugly country of later generations, more precisely, the consortium, because the family that once controlled these consortiums gradually fell apart with the death of the core figure.

After that, after mutual annexation and cooperation, a consortium of interests was reached, so it is more accurate to describe it as a consortium.

However, in the current era, the chaebols of the ugly country are still quite powerful, and they directly control more than 90% of the manufacturing and energy fields of the ugly country with finance as the core.

Basically, all the products that can be seen on the market are closely related to these chaebols.

Compared with them, the steel hammer in Li Yaoyang's pocket is not worth mentioning at all, and it is not a dime.

Some people look down on traditional enterprises, and even take the fact that the richest man in the future is born in the Internet field as an example.

Is this really the case?

Of course, there is a certain reason, because the new is always stronger than the old, and the century-old enterprises are, after all, traditional enterprises, and their ability to create wealth and value cannot compete with new high-tech enterprises.

Imagine the oil industry and the banking industry, which have a lot of businesses in almost every country in the world.

Moreover, the price of oil is also determined by the trading of crude oil spot trading centers, and the profit is almost limited.

There are few technology companies at the level of Microsoft and Apple in the world, and the market is almost divided by these companies.

Many new technology companies in the ugly country are valued at hundreds of millions of dollars, while the original century-old enterprises in the ugly country have not had this valuation for hundreds of years, and the leverage of technology is too strong.

Compared with the humming handling equipment and oil drums, soft technology, which seems to have no substance, is destined to reach a monopoly position with cutting-edge technology.

Countless ugly Chinese students or PhDs with round bellies and pink flesh and running shirtless in Bobo shoes, or former employees of Google, have thrown themselves into the arms of the high-tech field with scientific research or technological achievements they don't know where to go.

In addition, as mentioned earlier, the wealth of the traditional chaebols is dispersed, and the wealth of the richest man in technology companies is concentrated.

A few decades ago, the chaebols used the money earned by the company to support the family, forming a so-called "Western-style aristocratic life" where the family ate and drank for nothing and did not work.

In later generations, the ugly people became estranged, and their sons were billionaires, and other relatives would not ask for much money.

In this way, equity and real estate are also concentrated in the hands of the founder.

One of the characteristics of traditional industries such as investment banking and petroleum is a strong interpersonal orientation.

This dooms the core figures to be unable to appear in every part of the world at the same time to meet with important people, so the equity is greatly dispersed to create a situation of multiple core figures.

However, the high-tech industry is characterized by a strong technology orientation, so even if employees generally hold shares, it does not prevent the main founder from holding a relatively large proportion.

Because wealth is not about how much it is, it's about stability – for example, people will always pay more for something new because of diminishing marginal utility:

For example, you won't be willing to pay because of the water everywhere!

But you need to pay a lot of money for the latest software and electronic systems, because it is up-to-date and irreplaceable.

But at the same time, families with huge industries and wealth are very stable. jújíá?y.?? m

As we all know, oil giants and banking giants will always be around.

As long as the economy does not collapse, their wealth will be largely stable forever.

Businesses in emerging industries are not, because you can't keep yourself always the happiest.

You never know where the next wave will be.

And those waves may crush you until the day when you also become a traditional industry.

Second, the truly wealthy must seek influence and stability of wealth after reaching a certain level of wealth.

Influence refers to power, otherwise one's wealth belongs to politicians after all.

Therefore, these veteran tycoons have basically controlled the country through capital operation, and quietly swayed the country.

And when they reach that level, you can't see their wealth.

And they also need wealth to maintain these influences, so their wealth is basically in "motion", which is difficult to estimate......

And like Max, Bill Gates and the like, they also want to be influential and low-key, but their products are on the cusp of the times, and you can't look up and look down...... Naturally, their wealth is nowhere to be hidden.

As for their desire to "retire" through influence, it is even more impossible, at least not in a short period of time.

It is difficult to pry the intricate layout of the old rich in politics for a hundred or two hundred years since the industrial age, and few places are reserved for the new rich......

These families are generally prosperous over time, and there are always a few who can inherit the family estate so that they can divide it among the family members.

In fact, they did, because once the main industry was devastated, as long as there were family members who had a certain amount of wealth, they would be able to turn things around, let alone make a comeback, and they would be able to live a decent life without falling into the clouds.

This makes it even more difficult to count their wealth.

As for the emerging rich, they are not many people in the first place, and they cannot disperse their wealth, so they have no choice but to concentrate on one person.

Moreover, the emerging rich are mostly technology companies, and if their wealth is too dispersed, it is not conducive to decision-making.

Because the tuyere of technology waits for no one, and if you miss it, it will be the next Nokia.

For tech companies to thrive, they need a strong leader, not a board of directors.

In fact, Li Yaoyang is also facing the same problem, he is now young and has enough time to lead the group.

But as he grew older, he had to face the problem of heirs.

If you have the opportunity, try to have as many as you can, choose the best one from them, and as for the less excellent, take the money from the trust fund honestly, and there is nothing wrong with being a carefree rich man.

Playing trust is Li Yaoyang's idea that has just risen, and he has to plan for this in advance, and it will be too late to play when he is older, who knows when he will choke his breath?

The reason why I think of trust is because a friend in the banking industry actively promotes their bank's trust products.

However, Li Yaoyang is not ready to entrust his family trust to outsiders, since he wants to play, he has to establish his own trust fund.

Before it is established, it is necessary to understand that the trust is a miracle.

First of all, trust is a foreign product, a unique legal system originating from the common law system, and the main product of equity law, which is known for its pursuit of conscience and justice, and is widely used in common law countries.

The concept may be too broad, for example.

Liu Bei, who was about to pass away, wanted to pass on all his 1 million property to his son Liu Chan, but he was worried that he would squander it because of his young age, and he didn't want to deliver the full amount directly to him.

In this case, Liu Bei could set up a trust for Liu Chan, hand over the property to Zhuge Liang (all the property was under Zhuge Liang's control), and give certain clear instructions on how to use the amount.

For example, to invest and accumulate these incomes, when Liu Chan reached the age of 18, he handed over the principal and income to him.

At the same time, it was agreed that Liu Chan would pay 10,000 yuan per year during his growth to the age of 18 as necessary expenses during his growth, such as tuition fees for learning the way of governing the country with Zhuge Liang, entertainment expenses when traveling to Shu and having a party.

There are three characters that appear in this example.

The first is Liu Bei, who is the current owner of the property and has the act of "transferring property to others";

Then there is Zhuge Liang, who is the person who accepts the transfer of property, and as the owner of the property, he is free to use the property, but the use of the property is subject to some special instructions, that is, the property must be used for specific interests, and finally Liu Chan appears as a benefit.

That's what a trust is.

Liu Bei is called the settlor, Zhuge Liang is called the trustee, and Liu Chan is the beneficiary.

Of course, there is a lot more to a trust to fully understand, and there are many different types, but "the settlor transfers a specific property to the trustee, and the trustee manages the property following the purpose instructed, delivering the benefits obtained to the beneficiaries" is the basic type of trust.

In Liu Bei's example, giving 10,000 yuan per year according to Liu Chan's expenses and paying all the principal and income at once after he became an adult is the "purpose" mentioned here.

At present, the common theory of legal scholars - trust originated in the United Kingdom, and the "usufruct system" is the initial form of the modern trust system.

The British in feudal times had a strong belief in religion, and believers were generally willing to donate their property to the church after death, and as a result, the church gradually expanded its possession of property, especially land.

Originally, the monarch could receive contributions including land due to the death of his subordinates, but in the case of the expansion of religious influence, not only did the feudal monarch not receive contributions such as land due to the death of his subordinates.

Moreover, the land occupied by the church could not be levied on levies and taxes, which greatly reduced the interests of the monarch.

The more land the Church had, the more it would offend the interests of the monarch.

In 1279, King Edward I manipulated the English Parliament to enact the Confiscation Ordinance, stipulating that anyone who gave land to the church must obtain the permission of the monarch and princes, otherwise it would be confiscated by the government, with the aim of preventing the faithful from donating land.

But most of the judges in England at that time were Christians, and they were all actively trying to help the church.

Therefore, the English judges created the usufruct system with reference to the trust and bequest system in the Roman law, and the basic method is: those who donate land to the church do not make a direct transfer of land, but first donate it to a third party, and then the third party will obtain the income from the land and then transfer it to the church.

In this way, the Church does not have direct property rights to the land, but it can benefit as much as it does to receive the land directly.

Subsequently, this system was widely used to evade general land confiscation and to secure the inheritance of family property (mainly land).

According to the custom of the English feudal system at that time, the monarch could collect the inheritance fee whenever the subject died and the inheritance occurred.

If the heir is a minor, under guardianship, the monarch can use the domain for his own benefit while the heir is a minor, and if there is no heir, the domain is confiscated.

In addition, in the event of succession, the eldest son generally receives the entire estate of his father.

Therefore, in order to ensure the life of his wife and young son after his death, a person with a certain amount of family property will entrust a third party to control the property rights of the land on his behalf, manage the property on his behalf, and distribute the income from the land to his wife and sons according to his will.

However, the application of the usufruct system is not limited to the above two situations, and people who join the crusade and need someone to take care of their land to support their families can also use it.

In the process of applying the usufruct system, various problems will inevitably arise.

The core is that the trustee (Zhuge Liang) did not abide by his promise, but used the property for his own selfish interests, and the final benefits were not paid to the beneficiary (the heir is not talented, but replaced).

"Brother Shen!"

"Hmm!"

Shen Changqing walked on the road, and when he met someone he knew well, he would say hello to each other or nod his head.

But it doesn't matter who it is.

There was no superfluous expression on everyone's face, as if they were very indifferent to everything.

on this.

Shen Changqing is used to it.

Because this is the Demon Suppression Division, it is an institution that maintains the stability of Great Qin, and its main responsibility is to kill demons and monsters, and of course there are some other side jobs.

Arguably.

In the Demon Suppression Division, everyone has a lot of blood on their hands.

When a person is accustomed to seeing life and death, then he will become indifferent to many things.

When he first came to this world, Shen Changqing was a little uncomfortable, but over time he got used to it.

The Demon Suppression Division is huge.

The people who can stay in the Demon Suppression Division are all powerful masters, or people who have the potential to become masters.

Shen Changqing belongs to the latter.

Among them, the Demon Suppression Division is divided into two professions, one is the town guard and the other is the demon exterminator.

Anyone who enters the Demon Suppression Division starts with the lowest level of demon slayer.

Then step by step, he is expected to become a town guard.

Shen Changqing's predecessor was a trainee demon slayer in the Demon Suppression Division, and he was also the lowest level of the demon slayer envoys.

Have memories of the predecessor.

He is also very familiar with the environment of the Demon Suppression Division.

It didn't take long for Shen Changqing to stop in front of an attic.

Unlike other places full of slaughter, the attic here seems to stand out from the crowd, and in the bloody Demon Suppression Division, it presents a different tranquility.

At this time, the attic door is open, and there are occasional people entering and exiting.

Shen Changqing only hesitated for a moment, and then stepped in.

Access to the attic.

The environment has changed in vain.

A burst of ink fragrance mixed with the faint smell of blood came to his face, making his brow furrow instinctively, but quickly stretched.

The smell of blood on everyone's body in the Demon Suppression Division is almost impossible to clean.

.jujiazy.