Patriotic Millionaires Minute

For about fifty years, we've been running an economic experiment: cut taxes on the wealthy, and the benefits will trickle down to everyone else.

Every time someone proposes taxing the wealthy, you hear the same warning: they'll leave. Massachusetts tested it.

There's a three-word strategy that explains how billionaires avoid taxes. It's called buy, borrow, die. Buy: you put your money into assets — stocks, real estate, businesses.

When politicians talk about welfare, they usually mean programs for people who are struggling — food stamps, Medicaid, that kind of thing.

You’ve probably heard politicians rail against the "death tax" — the idea that when you die, the government swoops in and takes your family’s money.