Anthony Scaramucci And Mike Novogratz Say The Tax Code Is Easy To Crack: 'Nobody I Know Who Has Real Wealth Will Pay An Inheritance Tax'

Anthony Scaramucci and Mike Novogratz used their podcast to argue that the U.S. tax code heavily benefits the wealthy through legal structures (GRATs, trusts) and provisions like accelerated depreciation. They said this drives unequal outcomes—citing that 1% of people pay 48% of taxes—and suggested wealthy families often avoid inheritance taxes. For markets, their comments spotlight political and policy risk around wealth taxation, potential shifts in asset allocation toward tax-advantaged vehicles (real estate, trusts, alternative holdings) and increased demand for tax-aware advisory services. The discussion could influence investor sentiment around regulation and structural drivers of inequality, but it is commentary rather than a market-moving data release.