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Comments:
The "buy, borrow, die" loophole should be closed. This lets individuals borrow against their assets, live on that cash, and eventually pass those assets onto their heirs who now have a stepped-up basis, so no capital gains tax. https://equifund.com/blog/buy-borrow-die/ https://www.forbes.com/sites/taxnotes/2024/02/27/taxing-billionaire-borrowing-a-new-kind-of-wealth-tax/
Post: In defense of billionaires
Link to comment from September 24, 2024