The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market

silverFork

That is result of some really insane laws that has been written about a million times. They have known that zillionaires are using it to avoid paying taxes altogether, even after death.

yieldcrv

the financial sector is an ongoing construction project, going the direction of all items having an easy way to be valued to the minute, with the merchant and reseller having the same price instead of a wildly different one, all items then being able to be used as collateral instantly, fractionally sold as shares, and with a derivatives market on top this project is not done, it’s not close to done, but improvements in this space have led to more people being able to access this lending market I see that improving beyond publicly traded equity and real estate

karmajunkie

as soon as wealth of any sort is collateralized the tax code should treat it as liquid and tax it. preferably heavily.

IncreasePosts

Won't the people using this strategy end up paying a lot more (in terms of percent ownership of their holdings) in an extended downturn?

feverzsj

Finance capitalism, the root of all evil.

slyall

https://archive.ph/36hRo