The ability of high-income citizens, especially in the USA, to save taxes through foundations. As a rule, the assets of the foundation are invested in long-term public securities, partly because this is required by law. It therefore accounts for a not insignificant share of demand in this market in the USA. – See soft money, endowment funds.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/