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Business, Economics, and Taxes 2: That's Why We Fight to Take the Means Back

bsky.app

Aaron Rupar (@atrupar.com)

WARREN: I want to understand how slashing healthcare for families so Meta gets a $3b tax cut is a 'really good outcome for the American public' IRS CEO BISIGNANO: I don't see the two as correlated W: Those tax cuts were paid for by pushing people off their healthcare. Did you not follow that?
bsky.app bsky.app

Rich people testifying in Congress can just fuck all the way off.
 
ScoobyDoo said:
bsky.app

Aaron Rupar (@atrupar.com)

WARREN: I want to understand how slashing healthcare for families so Meta gets a $3b tax cut is a 'really good outcome for the American public' IRS CEO BISIGNANO: I don't see the two as correlated W: Those tax cuts were paid for by pushing people off their healthcare. Did you not follow that?
bsky.app bsky.app

Rich people testifying in Congress can just fuck all the way off.
Click to expand...
But trickle down economics works. I actually saw someone claim they believe it. As if there's not clear evidence that the opposite is true.

(insert chart of the widening wealth gap, as well as one about wage stagnation, as well as the ultra rich paying less of their income in taxes than ALL other income levels, very much including poor people)
 
Every mainstream economist in the 70s told them trickle down was voodoo. But the Freshwater School was telling the rich wanted they wanted to hear so it is STILL American fiscal policy after 50 years, and both political parties have enthusiastically supported it. (When was the last time the Democrats proposed a 90% top marginal rate?) It ruined America more than any other principal cause, which is a high bar considering its biggest rivals are racism, religious idiocy, and xenophobia.
 
You Don't Hate the IRS Enough

The Internal Revenue Service, everyone’s favorite tax collector, is facing deep budget cuts — but don't get too excited. The agency has a bold new plan to audit more of the little people while hiring as few of them as possible.

The agency plans to replace the nearly 30,000 employees it lost to Trump administration cuts with a new army of auditors, one that doesn’t sleep. I’m talking about artificial intelligence, which the IRS has identified as a top priority in its new budget request.

Documents I obtained show that the IRS already has a powerful set of tools to force compliance, from undercover agents to wiretaps and other forms of electronic surveillance. But now, thanks to AI, the IRS’s ultimate goal is for “minimal human contact,” as one document put it.

The centerpiece is Palantir software that allows IRS investigators and auditors to conduct "near real-time data analysis" through a custom tool called the “Selection and Analytic Platform,” or SNAP.

What that means in practice is that millions of middle-income Americans who once fell below the threshold of what scarce human auditors could manage are now within reach. The little guy just became a lot easier to monitor at scale.
Click to expand...

taxes2.jpg
 
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