Yhn BusinessFinance first seen 3 d ago, last 4 min ago, peak #2
The 'Buy, Borrow and Die' Wealth Strategy Is 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, in which wealthy Americans borrow against appreciated assets to avoid income taxes and pass on gains tax-free at death, has grown into an estimated $5 trillion lending market. Banks and private lenders increasingly cater to this practice, and the report is drawing criticism over a tax system that lets the wealthiest households largely sidestep capital gains taxes.
Why now: Fresh WSJ reporting quantifies how a well-known tax-avoidance strategy has scaled into a massive market, renewing debate over wealth inequality and tax fairness.
Wall Street JournalUnited Stateswealthy borrowersprivate banks
Rank over time, top of the chart is #1. 141 snapshots from 2 d ago to 4 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/3812718