Alleged plan to transfer $3 trillion from Forbes 400 and Obama targeting step‑up basis

Summary

Alleged plan to transfer $3 trillion from Forbes 400 and Obama targeting step‑up basis The email hints at a massive wealth transfer among the ultra‑rich and a political effort to change the step‑up basis tax rule, but provides no concrete names, dates, transaction details, or evidence. It is a speculative tip with low actionable detail, though it touches high‑profile figures (Bill Gates, possibly Larry Cohen) and a major tax policy issue, giving it modest investigative value. Key insights: Claims the Forbes 400 collective wealth exceeds $3 trillion and will be transferred.; Suggests the Obama administration will attempt to void the step‑up basis tax provision.; Email addressed to Bill Gates and a person identified as "Larry Cohcn" (likely Larry Cohen).