Well it certainly is convenient that a "private wealth attorney at an international law firm" decided to go on Reddit and talk about tax policy a short time aft

Well it certainly is convenient that a "private wealth attorney at an international law firm" decided to go on Reddit and talk about tax policy a short time after there is a proposal to tax unrealized capital gains. There are many web sites that claim this is rampant and from what I can tell the idea of “buy, borrow, die” was developed by Professor Edward McCaffery back in the 1990s, but are there any actual reliable stats on how many lifetime low interest loans are being given out? How would such a lender stay in business? Lenders with that kind of capital can't find something more profitable than letting someone have hundreds of millions of dollars of money for decades and maybe hopefully the stock market isn't in a bear market at that time and they can get their money + .5% interest and some of the capital appreciation? It is very common to make short terms based on using stocks, etc as collateral. But how common is it to have a lender be ok with deferring interest for decades until the person dies? Not saying there aren't stupid lenders, but doing a quick search, I have not found one stat on how many lifetime loans like this are actually being done. There is a treasury department page claiming that about 160 billion dollars in unrealized gains are not being taxed, but that isn't talking about stock being used as collateral, that is talking about simply the value of assets increasing - that is entirely different. According to this: https://finance.yahoo.com/news/jeff-bezos-sell-5-billion-185303024.html https://finance.yahoo.com/news/jeff-bezos-sell-5-billion-185... Bezos has sold around $13.4 billion in stock in 2024. If he could easily avoid millions (maybe billions) of dollars of capital gains tax by this one simple trick, why wouldn't he have?