There isn’t much publicly-available information with hard numbers (probably on purpose), but it appears that you need a huge amount of unrealized gains for buy-borrow-die to make sense. This implies that it is a very expensive scheme to run.
If you pay 50 cents to a financial service provider to avoid paying 1 dollar to the government, you’ve definitely come out ahead and the government has definitely lost. But the real winner is probably the financial service provider that is mostly pushing paper around rather than figuring out how to create the multi-billion dollar business that is needed to start the whole process in the first place.
If you pay 50 cents to a financial service provider to avoid paying 1 dollar to the government, you’ve definitely come out ahead and the government has definitely lost. But the real winner is probably the financial service provider that is mostly pushing paper around rather than figuring out how to create the multi-billion dollar business that is needed to start the whole process in the first place.