The Mark Moss Show Why the Rich Never Take Profits (And the System Rewards Them for It)
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Mar 14, 2026 Dan Morgan, attorney and managing partner at Morgan & Morgan, briefly discusses his firm and contact info. The conversation covers why selling halts compounding and triggers taxes. It explores how wealthy people borrow against assets to access liquidity, preserve unrealized gains, and engineer loans so assets keep growing. It contrasts asset-backed borrowing with consumer debt.
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Why Selling Often Resets Wealth
- Selling an asset stops compounding, triggers taxes, and converts you from owner to consumer.
- Mark Moss explains the realization principle: gains are invisible until sold, so exits reset years of growth and shrink your base.
System Rewards Collateral Over Paychecks
- The financial system rewards collateral and unrealized gains, not income.
- Mark Moss contrasts income (taxed immediately) with holding assets, which grow invisibly until realized and therefore escape immediate taxation.
Use Borrowing To Access Wealth Not Selling
- Avoid selling to fund lifestyle; instead borrow against assets to access cash without triggering taxes.
- Mark Moss: borrowing converts unrealized gains into liquidity and preserves compounding since debt isn't taxed as income.