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by ModernMech
489 days ago
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Reducing fraud yields marginal returns. Let's say you can get rid of 99% of fraud for $10M, but the remaining 1% fraud that you estimate is $2M will cost $100M to detect and prosecute, what's the optimal amount of fraud? 0% costs you ($10M + $100M) - $2M 1% costs you ($10M + $2M) |
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If we end up $2 million or $100 million less to eliminate fraud that's what we have to pay. Fraud is unacceptable, period. Defrauding people's taxes is heinous, shame on you for defending it.
[1]: https://www.youtube.com/watch?v=Iy7rk8djJek