Buy. Borrow. Die. | How The Rich Stay Rich

In today's video, we're going to talk about the phrase "Buy Borrow Die" and how the rich stay rich by taking advantage of the American tax system. The phrase "Buy Borrow Die" was created more than 20 years ago by Professor Ed McCaffrey who use this simple phrase to summarize the American tax system in a nutshell. The basic premise is that the rich buy something like an asset such as stocks or real estate, for example, and they then borrow against these assets instead of selling them. Finally, they die and the estate goes to their heirs and beneficiaries. In this video we're going to break down these three steps in more detail, and how the rich use by borrow and die to stay rich. Stay tuned until the end of the video where I give my opinion as always!