Yhn BusinessFinance first seen 1 d ago, last 8 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 the wealthy avoid taxes by borrowing against appreciated assets rather than selling them, has grown into a $5 trillion market. Wealth managers and private banks are increasingly marketing securities-backed loans to the rich, and the strategy's scale is reigniting debate over tax avoidance and calls to close the loophole.

Why now: The Wall Street Journal's report on the staggering scale of tax-avoidance lending is prompting fresh debate about wealth inequality and the US tax code.

Wall Street Journalsecurities-backed lendingwealth management industry

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Evidence

• The 'Buy, Borrow and Die' Wealth Strategy Has Become a $5T Market · tysone · 65

API: https://socialmediatrends-api.osmike.com/v1/trends/3812718