whenever I see headlines like this, I always think: great opportunity for someone to create transparent trusts then?
am I super biased or fully drank the Kool aid if I believe entrepreneurs are the solution to many of society's ills?
For everyone but the individual account holders (who have ~no voice in this market) the opacity of the trusts is a selling point, isn't it?
If entrepreneurship is the solution to society's ills why don't entrepreneurs solve societal problems? (note this criticism is equally effective when pointed at non-profits)
I think you drank the 2016 HN kool aid.
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I don't think "finance people" === "entrepreneurs".
They're completely different groups (except finance entrepreneurs I guess), and it's the former that causes a lot of societal problems (although, arguably, the people whose money they manage are just as responsible, if not more so).