We also should end this tax free lifestyle loan. This is the gimmick that allows the ultra wealthy to borrow against their stock portfolios while reporting no taxable income. We also have to rewrite those inheritance rules so that the largest intergenerational wealth transfer in human history, estimated to be $124 trillion, that will be changing hands, doesn't lock in a permanent American aristocracy of inherited wealth. Time as well to return to the pre2017 corporate tax rates. And time to close those offshore loopholes once and for all. And as AI reshapes the country, every American should own a piece of the future. (01:00–01:18)
CLAIM
Advocates for rewriting inheritance rules to prevent a permanent aristocracy due to a $124 trillion wealth transfer.
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