4 ms·

You want family and friends to know exactly how much you make? That's extremely problematic for a lot of people. Congress already has access to tax returns fo

You want family and friends to know exactly how much you make? That's extremely problematic for a lot of people. Congress already has access to tax returns for the purpose of writing tax legislation. It's not perfect but I really don't want my finances public, and I'm not doing anything shady.

pmoriarty 5y ago
"You want family and friends to know exactly how much you make? That's extremely problematic for a lot of people." Can you explain why it's problematic?
- yupper32 5y ago
  Family can be very manipulative when they know you have much more money than them. It can end up massively hurting relationships. I don't even tell my parents how much I make.
  - pmoriarty 5y ago
    "Family can be very manipulative when they know you have much more money than them." As I suspected, this is mainly a problem of the rich. Most of the rest of us don't make much more money than anybody. So are we going to make our laws to advantage the rich or the vast and ever growing majority of the population who aren't and never will be rich?
    - yupper32 5y ago
      Ah yes, I'm the problem, paying around 40% in taxes. People making 6-figures a year are not the ones manipulating the financial system. HN is particularly in this category. But go ahead and lump me in with someone with like 6000x my net worth.
      - pmoriarty 5y ago
        You don't have to be a billionaire to be part of the problem (though it helps).
        yupper32 5y ago
        I'm part of the problem with abuse of tax loopholes? What are you talking about?
- babayega2 5y ago
  I have lived in 4 countries, and 3 continents and everyone I have lived with agreed that it's not useful for the whole family to know how much you make. Last year I learned that lesson the hard way...
djmips 5y ago
I can see some reasons to not wanting your wealth public if you are reasonably worried that it would attract unwanted attention.
lordnacho 5y ago
I can see why people tend to err on the side of privacy, but it doesn't seem to have destroyed Norwegian society to have public records. I think it's a reasonable thing to discuss, then at least we can get some pros and cons out there.
eigen 5y ago
seems like corporate tax transparency would be a good first step. > Congress already has access to tax returns for the purpose of writing tax legislation. while that is the law that Congress can request/subpoena returns under §6103(f) of Title 26 [1], if it can just be ignored then Congress doesnt really have access. [1] https://irc.bloombergtax.com/public/uscode/doc/irc/section_6103 https://irc.bloombergtax.com/public/uscode/doc/irc/section_6...
- yupper32 5y ago
  > if it can just be ignored then Congress doesnt really have access. Then fix that! Why do you have to go to the absolute extreme here and make everyone's finances public?
eloff 5y ago
Imagine hooking up the public tax returns to an image recognition system and database built from social media. It should be possible to create a dating app for women that lets you see the wealth of people on tinder, in the street, at a party. Men might also use that, but they already have their ideal "rating by physical appearance" app in tinder. Some gender differences are persistent throughout all human history. There are some downsides to be sure.
matz1 5y ago
Yes, this is the most pragmatic way to deal with privacy issue, as much as possible information has to be make public for everyone. >You want family and friends to know exactly how much you make? Not really but I would like the information to be public, that is they don't have to know but if they want to know they can. Its great that I don't have to hide it or worry about it being leaked. If this information being public cause me trouble then we'll find a way to solve that issue rather than fixing it by hiding the information.
- yupper32 5y ago
  > that is they don't have to know but if they want to know they can. For the people that I'm defending here, there's no difference. > Its great that I don't have to hide it or worry about it being leaked. ...so are you saying you're worried about a law like this? > Yes, this is the most pragmatic way to deal with privacy issue, as much as possible information has to be make public for everyone. I'm guessing you think the best way to deal with revenge porn is to have everyone post nude photos of themselves publicly?
  - matz1 5y ago
    >so are you saying you're worried about a law like this What law are you referring to ? >I'm guessing you think the best way to deal with revenge porn is to have everyone post nude photos of themselves publicly? Yes, then fix the problem that cause by the photos being public, instead of making the photo private. As technology progresses, trying to stop the flow of information is become harder and harder. I rather we embrace the flow of information then we solve whatever issue that come up.

pmoriarty 5y ago

"You want family and friends to know exactly how much you make? That's extremely problematic for a lot of people." Can you explain why it's problematic?

yupper32 5y ago
Family can be very manipulative when they know you have much more money than them. It can end up massively hurting relationships. I don't even tell my parents how much I make.
- pmoriarty 5y ago
  "Family can be very manipulative when they know you have much more money than them." As I suspected, this is mainly a problem of the rich. Most of the rest of us don't make much more money than anybody. So are we going to make our laws to advantage the rich or the vast and ever growing majority of the population who aren't and never will be rich?
  - yupper32 5y ago
    Ah yes, I'm the problem, paying around 40% in taxes. People making 6-figures a year are not the ones manipulating the financial system. HN is particularly in this category. But go ahead and lump me in with someone with like 6000x my net worth.
    - pmoriarty 5y ago
      You don't have to be a billionaire to be part of the problem (though it helps).
      - yupper32 5y ago
        I'm part of the problem with abuse of tax loopholes? What are you talking about?
babayega2 5y ago
I have lived in 4 countries, and 3 continents and everyone I have lived with agreed that it's not useful for the whole family to know how much you make. Last year I learned that lesson the hard way...

djmips 5y ago

I can see some reasons to not wanting your wealth public if you are reasonably worried that it would attract unwanted attention.

lordnacho 5y ago

I can see why people tend to err on the side of privacy, but it doesn't seem to have destroyed Norwegian society to have public records. I think it's a reasonable thing to discuss, then at least we can get some pros and cons out there.

eigen 5y ago

seems like corporate tax transparency would be a good first step. > Congress already has access to tax returns for the purpose of writing tax legislation. while that is the law that Congress can request/subpoena returns under §6103(f) of Title 26 [1], if it can just be ignored then Congress doesnt really have access. [1] https://irc.bloombergtax.com/public/uscode/doc/irc/section_6103 https://irc.bloombergtax.com/public/uscode/doc/irc/section_6...

yupper32 5y ago
> if it can just be ignored then Congress doesnt really have access. Then fix that! Why do you have to go to the absolute extreme here and make everyone's finances public?

eloff 5y ago

Imagine hooking up the public tax returns to an image recognition system and database built from social media. It should be possible to create a dating app for women that lets you see the wealth of people on tinder, in the street, at a party. Men might also use that, but they already have their ideal "rating by physical appearance" app in tinder. Some gender differences are persistent throughout all human history. There are some downsides to be sure.

matz1 5y ago

Yes, this is the most pragmatic way to deal with privacy issue, as much as possible information has to be make public for everyone. >You want family and friends to know exactly how much you make? Not really but I would like the information to be public, that is they don't have to know but if they want to know they can. Its great that I don't have to hide it or worry about it being leaked. If this information being public cause me trouble then we'll find a way to solve that issue rather than fixing it by hiding the information.

yupper32 5y ago
> that is they don't have to know but if they want to know they can. For the people that I'm defending here, there's no difference. > Its great that I don't have to hide it or worry about it being leaked. ...so are you saying you're worried about a law like this? > Yes, this is the most pragmatic way to deal with privacy issue, as much as possible information has to be make public for everyone. I'm guessing you think the best way to deal with revenge porn is to have everyone post nude photos of themselves publicly?
- matz1 5y ago
  >so are you saying you're worried about a law like this What law are you referring to ? >I'm guessing you think the best way to deal with revenge porn is to have everyone post nude photos of themselves publicly? Yes, then fix the problem that cause by the photos being public, instead of making the photo private. As technology progresses, trying to stop the flow of information is become harder and harder. I rather we embrace the flow of information then we solve whatever issue that come up.