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by elevation
3 days ago
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The ultra wealthy were already safe; it's much cheaper for the IRS accuse a middle class household with a couple W2s and a Doordash 1098 of inadequately tracking their mileage and fuel receipts than it is to review the reams of paperwork they'd receive when auditing any of the ultra-rich. Meanwhile, even in an alternate reality where IRS was occasionally seizing some billionaire's entire life savings for cause, the proceeds would fund the federal government's operations for just a few hours. Hours! No amount of collected taxes make a difference when congress spends 2-3x what they collect! |
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Do you imagine that when the government spends, it feeds money into a furnace and it's gone forever? That's not how it works.
It pays people and companies. That money comes back as more taxes.