It’s Not Just Income Taxes. Billionaires Don’t Pay Inheritance Taxes Either. – Mother Jones

As a Trump adviser once said, only "morons" would do that.
Article Fri, Jun 11, 2021

And while employees do have to pay income and payroll taxes on the initial value of stock granted in lieu of wages, anyone who accumulates a large trove of assets can hold onto those growing investments and use them as collateral for low-interest loans to fund their lavish lifestyles. Voila! No income. This is a lot cheaper than selling off chunks of stock and paying tax on the gains.