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Yes I see what you mean, and wow thanks for putting his crimes in a broader context. It’s my hope that “financial crimes” are just going to be a convenient way
by Bucephalus355 9y ago
Yes I see what you mean, and wow thanks for putting his crimes in a broader context.
It’s my hope that “financial crimes” are just going to be a convenient way to indict the many many people who have committed crimes like him.
Back in 2016, a weird / interesting / pretty smart idea in Clinton’s platform was to help the US deficit by only enforcing current tax laws. Lol that’s all it was, enforcing the laws that were already there to raise an additional 100 billion+ in revenue every year. It makes you think how many people are committing tax fraud at this very moment...
- burkemw3 9y agoMatt Levine at Money Stuff has a recurring comment of (US) securities laws being the best tool currently available for what many people view as social issues. https://www.bloomberg.com/view/articles/2016-01-25/climate-change-and-sovereign-debt https://www.bloomberg.com/view/articles/2016-01-25/climate-c... and the linked https://www.bloomberg.com/view/articles/2015-11-06/exxon-might-be-in-trouble-over-climate-change https://www.bloomberg.com/view/articles/2015-11-06/exxon-mig... are the examples I've found so far, but I remember him making the comment repeatedly.
- woolvalley 9y agoHow many of those tax laws were on the level of '3 felonies a day'? The US tax laws and their penalties can be pretty horrible, and you could possibly ruin a whole bunch of older middle class people who use something equivalent to turbotax badly.
- enraged_camel 9y ago>>It’s my hope that “financial crimes” are just going to be a convenient way to indict the many many people who have committed crimes like him. They often are. Despite the many actually heinous crimes he committed, Al Capone was ultimately nailed for tax evasion.