Best Selling Book on Amazon.com, Do As I Say (Not As I Do), Profiles in Liberal Hypocrisy, by Peter Schweizer.
If you go to the chapter on Ted Kennedy, read past the Kennedy family trust set up by Grandpa Joe in Fiji to avoid taxes on the Chicago Merchandise Mart (p. 80-81). Then read past the Kennedy opposition to the US Army Corp. of Engineers’ approved Cape (Cod) Wind Project to harvest free alternative energy and end The Cape’s coal pollution and related health problems, a project also opposed by other liberal residents Walter Cronkite and historian David McCullough....
Kennedys own some oil companies themselves: Arctic oil, despite the name, drilling in Texas and Oklahoma. Kenoil and Mokeen Oil. In 1985, Kennedy converted these two companies to Royalty Trusts, thus avoiding paying any corporate taxes, “windfall” or otherwise (see p. 92 of Do As I Say (Not As I Do)). The Kennedys also have oil deposits in Louisiana, as well as mineral rights on properties in Alabama, Florida and Mississippi.....
Much of the land was accumulated by convincing poor rural black farmers to give away their “mineral rights,” not knowing what it meant. The Kennedys set the operation up as a Royalty Trust to avoid paying income and corporate taxes on the profits. Family members including Ted Kennedy, environmentalist Robert Kennedy, Jr., and Joe Kennedy, Jr. receive checks every year.
Sen. Kennedy has $500 million in trusts based in Jamaica, Cayman Islands, and the bulk of it in Fiji. The Kennedy oil company operating in five states, once called Kenn Oil, is now named The Arctic Oil Royalty Trust. George Soros "holds the bulk of his billions in tax-free overseas accounts."