As was explained to me after the most recent insider leaks of income and tax information, a mere $70M wealth is enough to avoid taxes altogether. One "invests"

As was explained to me after the most recent insider leaks of income and tax information, a mere $70M wealth is enough to avoid taxes altogether. One "invests" one's wealth, and then lives off of revolving loans against those investments. Such a structure allows one to declare a $0 income every year for the rest of one's life. So, any particular change to our current system of taxation might be flawed. However, in general, we must change our current system of taxation. https://www.newsweek.com/warren-buffett-who-advocates-higher-taxes-defends-paying-least-among-americas-richest-1598830 https://www.newsweek.com/warren-buffett-who-advocates-higher...