Elon Musk bashes government for taxing the ‘daylight’ out of people. Here’s the #1 way to get rich and keep your cash

Core Insights - The wealthy often employ tax avoidance strategies as a key skill in building wealth, emphasizing the importance of minimizing tax liabilities legally [1][2][8] - The "buy, borrow, die" strategy allows investors to leverage their assets without triggering taxable events, enabling continued asset growth [7][8][9] - Real estate investment is highlighted as a powerful wealth-building tool, with tax advantages that can significantly reduce tax burdens [10][11] Tax Strategies - Scott Galloway advocates for lowering tax bills as a fundamental approach to wealth accumulation [2] - Elon Musk criticizes the current tax landscape, stating that Americans face multiple layers of taxation on income, purchases, and property [4][5][6] - The strategy of borrowing against appreciated assets, such as stocks, allows investors to avoid capital gains taxes while maintaining liquidity [7][8] Real Estate Investment - Robert Kiyosaki emphasizes the use of debt in real estate investments to legally avoid taxes, highlighting the tax-deductible nature of interest payments [10][11] - Kiyosaki's extensive real estate portfolio demonstrates the potential for significant wealth generation through rental income and tax benefits [11] - Platforms like Mogul and First National Realty Partners offer opportunities for fractional ownership in real estate, allowing investors to benefit from rental income without the responsibilities of traditional landlordship [13][18]