First, it was your example.
point is, if the stock gets hit while he has a loan against it the math gets all fucked up and it makes ZERO economic sense to have taken the loan versus having paid the cap gains tax. Which by the way he is doing in your scenario. So again NO it isn’t easy peasy no care stuff, even for billionaires.
And for the record I could give a shit if he gets scalped or not. As I have stated above there should be higher top end brackets. I’m open to that for cap gains. Unfortunately when policies like that get proposed and implemented they are implemented at levels that are minuscule to the level of billionaires.
175 k income isn’t getting anyone generational wealth
the40% estate tax12 million exemption is a crime for someone who has been fortunate enough to build wealth to a level where they stand a chance to build generational wealth. 100 million if a fuck load of money. If the majority of it is in a private business or farm all the estate tax accomplishes is the forced sale of those assets to a larger corporation and consolodates wealth even more.