No, because you’re gaining interest on your unpaid taxes.
Suppose you have exactly 1 million and must pay 1 million in taxes on year 0. That means you’re left with 0$.
Now suppose you can defer exactly 1 year, so you owe 1 million + taxes on your interest in year 1. Taxes on that interest are < 100% so you now have > 0$. That’s equivalent to lowering your tax bill even if nominally you eventually pay more.
But what happens if you can avoid paying taxes for say 10 years or 100? Delay long enough and for all practical purposes the actual tax disappears.
But this is just a function of leverage and isn’t unique to tax deferment. This seems more of a complaint about rich people than rich not paying taxes.
With 7% interest you end up paying the same tax as initial liquidation in 10 years so it’s not perpetual. And you eventually pay tax on the gains so even though you made money, the government eventually gets their money and ends up with a larger total.
Suppose you have exactly 1 million and must pay 1 million in taxes on year 0. That means you’re left with 0$.
Now suppose you can defer exactly 1 year, so you owe 1 million + taxes on your interest in year 1. Taxes on that interest are < 100% so you now have > 0$. That’s equivalent to lowering your tax bill even if nominally you eventually pay more.
But what happens if you can avoid paying taxes for say 10 years or 100? Delay long enough and for all practical purposes the actual tax disappears.