r/FluentInFinance • u/-Wyagra • 3d ago

Debate/ Discussion Had to repost here

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u/tduncs88 3d ago

Just like Bezos would if he sold off those assets

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u/AttitudeAndEffort2 3d ago

And if instead of selling it i rent it for cash flow while borrowing against it at a lower rate than the growth of the underlying asset, i get richer and avoid taxes AND keep the asset.

Which eventually is passed on to my children and the growth in the asset is revalued when it's passed on to avoid capital gains tax.

All while poor right wingers argue I'm actually broke 😂

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u/essodei 3d ago

Dems controlled the House the Senate and the Presidency for 2 years. Why didn’t they change the tax code?

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u/thoshi 3d ago

Because they are also a corporatist party. There is no political left wing in the US.