"Worst-case scenario, it is a very efficient wealth-transfer scheme," he said.
2. Create tax-efficient wealth.
Its great advantage is that it is the most efficient means of wealth creation.
But slump or no, China's state enterprises as a group are efficient destroyers of wealth.
The tools were more efficient at demonstrating wealth than keeping rooms evenly warm.
He added: "I hope any government would not return to a Mills-ian view of the most efficient creation of wealth being the sole aim of any society.
They argue that these violations will encourage greedy publishers to be more efficient, thus transferring wealth from recording companies to... Steve Jobs".
Some 15% of last year's bumper harvest is reckoned to be sitting outside, for lack of silos.This is hardly an efficient transfer of wealth to the countryside.
Socialism proved to be a less efficient creator of wealth than the free market, so that from Macmillan to Thatcher the Tories consistently won the economic argument; but Thatcherism has brought only greater inequality and social injustice.
GRATs are specially-designed estate planning vehicles to allow for the efficient transfer of wealth through asset appreciation to desired beneficiaries without the incurrence of a taxable gift transfer tax.
