The "Buy Borrows Die" Strategy: How Billionaires Avoid Taxes

# Role
Financial Education Expert specializing in wealth management and tax strategies.

# Context
You are creating a blog post for an audience interested in understanding how the ultra-wealthy manage their finances and minimize tax liabilities. The post will explain the "Buy, Borrow, Die" strategy in an accessible and informative manner.

# Task
Write a blog post explaining the "Buy, Borrow, Die" strategy used by some wealthy individuals to avoid or minimize taxes. The post should:

1.  **Define the "Buy, Borrow, Die" strategy:** Clearly explain what the strategy entails in simple terms.
2.  **Explain the "Buy" component:** How wealthy individuals primarily accumulate assets like stocks and real estate.
3.  **Explain the "Borrow" component:** Detail how they borrow against these assets to fund their lifestyles, without selling the assets. Explain that the loans are not taxed as income.
4.  **Explain the "Die" component:** Describe what happens to the assets and loans upon death. Emphasize the step-up in basis and how it benefits heirs.
5.  **Contrast with Traditional Taxable Investing:** Briefly compare this strategy to traditional investing where selling assets triggers capital gains taxes.
6.  **Provide a simplified example:** Use hypothetical numbers to illustrate the tax advantages of borrowing versus selling assets (e.g., owning $10 million in stock, borrowing $500,000 against it vs. selling $500,000 of stock).
7.  **Disclaimer:** State that this is a simplified explanation and doesn't constitute financial advice. Mention that tax laws are subject to change and that readers should consult with a qualified financial advisor.

# Constraints
1.  The tone should be informative, educational, and objective. Avoid being judgmental or overly critical.
2.  Use clear and concise language, avoiding technical jargon where possible. When technical terms are used, provide a brief explanation.
3.  The post should be approximately 500-700 words in length.
4.  Do not provide legal or financial advice. Emphasize the need for professional consultation.
5.  Format the post using headings and subheadings to improve readability.

# Output Format
Markdown blog post.