00:00You pay high-income taxes on every single dollar earned from your labor.
00:04Meanwhile, billionaires fund their entire lives using massive piles of tax-free debt.
00:10They never sell their stocks because liquidating assets triggers a massive capital gains tax.
00:16Heaping these shares allows their wealth to grow without facing a taxable event.
00:21They leverage these untaxed stock portfolios as collateral for low-interest private bank loans.
00:27These sophisticated credit lines provide millions in liquid cash for their personal spending.
00:34The federal government does not classify bank loan proceeds as a form of income.
00:39This loophole allows the ultra-wealthy to spend millions while reporting zero annual earnings.
00:45While your paycheck is depleted by payroll taxes, their lifestyle is fueled by untaxed credit.
00:51The interest rates on these loans are significantly lower than their annual investment returns.
00:58They accumulate vast riches while public infrastructure relies solely on your stagnant taxable wages.
01:05When they eventually die, the step-up-in-basis rule resets the asset value.
01:10For businessmen will be made possible but not deserve whether they are going to be
01:10Calvary, the other state foundation will office publicly section,
01:10$600,000,-$500,000,$000,$000,$000,$000.ip.
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