Why does his family park their billions of dollars in South Dakota trusts? Because we charge next to nothing for them to do that. If we just raised our fees to be tied for the lowest in the country, we would generate massive amounts of money. I'm talking tens of millions of dollars. That's one example. I'm a big proponent of consumption taxes. I think property taxes are unconstitutional. I think people ought to pay targeted consumption taxes. (11:12–11:20)
CLAIM
Asserts that raising fees on trusts could generate significant revenue for South Dakota.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
