[lifeisstillgood]

That’s an interesting take.

I certainly agree with the estate / inheritance tax (the main issue is “resetting” the value to market at point of inheritance)

But as for the valuation problem I think that can only stretch so far. If you put up a million shares of $TechFirm as collateral for a loan to buy a yacht, it’s hard to claim they aren’t worth what the NYSE listed them as. If instead you put up 250,000 shares as partial collateral the bank has to put the missing collateral on its balance sheet (else some one is committing fraud)

The thing is it’s common. We on HN know all about “borrow till you die”, that Trump got Mar-a-lago valued at a billion dollars. The problem is not banks doing favours for valued clients, it’s so common and normalised that we don’t notice.

[Terr_]

My not-too-strategic thinking is that maybe we don't have to solve the tricky problem of loans, if we merely close the enormous final tax dodge that they're all aiming for.

https://taxproject.org/buy-borrow-die/