The top 7 wealthiest individuals in the U. S. have just accumulated over $1 Trillion between them, and only pay around 2-3% in taxes (vs. 15-18% of “typical” taxpayers), using the strategy of “Buy, Borrow, Die”. Most of their earnings is taxed as capital gains, at an extremely low tax rate. Biden’s “American Families Plan” strives to level the tax field for the “uber-rich” with “stepped-up basis reform”, according to Associate Fellow at the Institute for Policy Studies, Bob Lord in his article “Our ‘Trillion-Dollar Seven’: Can We Summon the Courage to Tax Them?”.