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A detailed #explainer & #FAQ by “taxinomics” of the #BuyBorrowDie strategy used by the wealthy for #TaxAvoidance 🤯:
https://old.reddit.com/r/BuyBorrowDieExplained/comments/1f26rsf/buy_borrow_die_explained/
Via HN: https://news.ycombinator.com/item?id=41408772
#Tax #Wealth #IncomeTax #EstateTax #PrivateWealth #Inheritance #USA
@koteisaev or as I said to @Outersider already:
#WageWork is modern-day #feudalism because those that refuse to do it and ain't #FilthyRich to the point they can just #BuyBorrowDie with #RoboWealth are basically forced into #homelessness and #starvation.
@[email protected] The problem is universal - not for the USA, or EU, Or G7/G20/... That problem exists everywhere... Despite propaganda by social darwinism fans there is no country where people who ain't got #RoboWealth are socioeconomically forced to do #WageWork or get evicted and starved to death, with maybe those completely incapable and living in care homes being exempted.
@Krautreporter ich bin ja eher dafür alle #Einkünfte gleich stark zu besteuern, egal ob #Kapitalertrag oder #Lohnarbeit!
Beide sollen unter dieselben #Steuern und !Sozialabgaben fallen - ohne Ausnahmen.
Ferner muss #BuyBorrowDie als Masche verboten werden und entsprechende #Steuervermeidung verboten werden.
https://www.youtube.com/watch?v=t6V9i8fFADI
https://www.youtube.com/watch?v=8pBPZMUcsh0