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> Then end capital gains tax, all income is taxed as earned income. Wealthy people can keep their money growing inside a corporation essentially forever. It ne
by alasdair_ 5y ago
> Then end capital gains tax, all income is taxed as earned income.
Wealthy people can keep their money growing inside a corporation essentially forever. It never becomes “income”; instead they just borrow against the assets at exceedingly low rates of interest as well as classifying personal consumption items (like a private jet) as a corporate expense.
It’s possible to keep doing this until death, or even longer.