That’s not far from how the wealthy actually operate.

They also use life insurance products in unique ways. Normies buy regular term or whole life insurance and pay out the ass in premiums, whoever sold it gets a big cut. The whole focus is on the death benefit for family in case you die, no benefits in life.

Wealthy buy specially designed whole life policies and don’t care about the death benefit. They will max out their contributions and paid-up additions, then just open more policies to dump more money in. They can borrow against their contributions at a low interest rate, say 5%, for as long as they want. At the same time (and this is key) all their contributions are earning a higher interest rate plus dividends (say 6-8%) uninterrupted even if they borrow from it. Compound interest does its thing after a few years.

This is like if you had a savings account at a bank that you have full control over, earning higher interest than anywhere else. You can make a “clone” of your money at any time and use it for as long as you want at a low cost and do whatever with it. Put that cash to work in investments, buy real estate or cars and boats, start a business, pay employees, anything. While you’re doing that, the “original” sum in your savings account is working away earning interest the whole time. As long as the “clone” of your money plus interest makes it back into the account (paying yourself back) you can do it all over again and continue piling it up. An infinite money machine.

If an LLC owns this vessel where all your wealth is, and an LLC formed in, say, Wyoming – a state which allows registrant anonymity – owns that LLC and you have everything under a living trust, now you have governance over it, can create rules for how it operates, draw up contracts governing who can use it and stipulations for that access, avoid it going through court after you die, etc. You’re now shielded from personal liability and no one can figure out who owns the assets underneath that umbrella trust entity without a court order. On paper, you own nothing and control everything, you’re nearly impossible to prosecute, you have 0 income that has to be reported to the IRS. You have all the power and control and reap all the upside, while suffering none of the usual downsides or responsibilities written in the social contract the rest of us follow.

It sounds to good to be true, but the wealthy and powerful have been following this playbook for centuries, almost as long as insurance has been a concept. If that doesn’t describe a sovereign citizen, I don’t know what does! The stereotype of the methed up poor white guy who drives around baiting cops and argues baseless logic in court that they got from some other methed up poor white guy they met in some godforsaken chat room that is Totally Not a Honeypot Run by Feds is a red herring imo.

In fact, the taxes reverse. The government pays you.