Yhn BusinessFinance first seen 3 d ago, last 48 min ago, peak #2
'Buy, Borrow, Die' Strategy Now a $5 Trillion Market
Original: The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market
The Wall Street Journal reports that the 'buy, borrow and die' wealth strategy — where the wealthy avoid capital gains taxes by borrowing against appreciated assets and passing them on at death with a stepped-up basis — has grown into a $5 trillion market. Securities-based lending by banks to affluent clients has surged as a core part of the strategy.
Why now: Renewed scrutiny of tax avoidance by the wealthy keeps this strategy in the news, and the Journal's report on its $5 trillion scale is striking readers.
Wall Street Journalbanks and wealth management industryhigh-net-worth individuals
Rank over time, top of the chart is #1. 163 snapshots from 3 d ago to 48 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3812718