Elizabeth Warren: “At death, the bazillion, even as it has grown into a mega…”

“You can simply borrow money against your bazillion. You know this. Watch your bazillion continue to grow. No taxable event, right? And then At death, the bazillion, even as it has grown into a mega, mega bazillion, passes to your heirs at that new level, and no one ever pays taxes on it. So here we have, you know, little family farms. They go to pay taxes when things pass. Folks who have a really nice house, got it paid off, pay taxes when it goes to the grandchildren.” (07:59–08:12)

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