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You realize that the IRS deals with rampant fraud right? And with emerging technology, the capabilities of criminals to steal identities is only increasing. Peo

by px43 3y ago

You realize that the IRS deals with rampant fraud right? And with emerging technology, the capabilities of criminals to steal identities is only increasing. People file taxes for dead people or people whose identities have been stolen all the time. Recently, to deal with this, the IRS has outsourced their identity verification to a third party company, id.me, who gathers way WAY more information than Worldcoin does, and it's barely making a dent in the fraud. It's very obvious that the vast majority of people hating on Worldcoin have never taken a moment to consider the actual problems being solved here, and especially the critical importance of solving them now.

landemva 3y ago
> Recently, to deal with this, the IRS has ... Recently, to deal with this foot gun, Congress repealed the personal income tax. President Biden signed this bill into law and said it is a tremendous step toward civil rights and equality. Oh, wait, .
kstrauser 3y ago
What are the official numbers for that, compared to the legitimate traffic the IRS handles?
- px43 3y ago
  https://www.allstatenewsroom.com/news/tax-and-government-fraud-cases-spiked-68-in-2022 https://www.allstatenewsroom.com/news/tax-and-government-fra... > Tax and Government Fraud Cases Spiked 68% in 2022 > The IRS flagged $5.7 billion in tax fraud in 2022, and there were nearly 8 million reports of suspicious tax-season activities.
  - JumpCrisscross 3y ago
    That figure covers a lot of tax fraud identity verification doesn't solve. The actual figures are around $25bn a year of stopped fraudulent refunds, at a cost of a few thousand employees [1]. [1] https://www.irs.gov/pub/irs-news/FS-14-01.pdf https://www.irs.gov/pub/irs-news/FS-14-01.pdf
  - kstrauser 3y ago
    From https://www.irs.gov/statistics/soi-tax-stats-irs-data-book https://www.irs.gov/statistics/soi-tax-stats-irs-data-book: "During Fiscal Year (FY) 2022, the IRS collected more than $4.9 trillion in gross taxes, processed more than 262.8 million tax returns and other forms, and issued more than $641.7 billion in tax refunds." So 5.7B is about .1% of the IRS's transactions that year. That's also less than it could possibly cost to deploy and maintain Worldcoin.
    - mrguyorama 3y ago
      The IRS is better at preventing fraudulent transactions than most credit card processors and fraud prevention providers. I know they have a more restricted system so it's probably easier than credit card fraud, but it's still at least an order of magnitude.
notahacker 3y ago
Because everyone knows that the trouble with people pretending dead people are still alive to collect their entitlements or obtaining access to other peoples accounts is lack of a VC backed startup that prints its own crypto tokens and scans people's eyeballs... The actual problems here are both hard and not being solved by WorldCoin

by px43 3y ago

landemva 3y ago

> Recently, to deal with this, the IRS has ... Recently, to deal with this foot gun, Congress repealed the personal income tax. President Biden signed this bill into law and said it is a tremendous step toward civil rights and equality. Oh, wait, .

kstrauser 3y ago

What are the official numbers for that, compared to the legitimate traffic the IRS handles?

px43 3y ago
https://www.allstatenewsroom.com/news/tax-and-government-fraud-cases-spiked-68-in-2022 https://www.allstatenewsroom.com/news/tax-and-government-fra... > Tax and Government Fraud Cases Spiked 68% in 2022 > The IRS flagged $5.7 billion in tax fraud in 2022, and there were nearly 8 million reports of suspicious tax-season activities.
- JumpCrisscross 3y ago
  That figure covers a lot of tax fraud identity verification doesn't solve. The actual figures are around $25bn a year of stopped fraudulent refunds, at a cost of a few thousand employees [1]. [1] https://www.irs.gov/pub/irs-news/FS-14-01.pdf https://www.irs.gov/pub/irs-news/FS-14-01.pdf
- kstrauser 3y ago
  From https://www.irs.gov/statistics/soi-tax-stats-irs-data-book https://www.irs.gov/statistics/soi-tax-stats-irs-data-book: "During Fiscal Year (FY) 2022, the IRS collected more than $4.9 trillion in gross taxes, processed more than 262.8 million tax returns and other forms, and issued more than $641.7 billion in tax refunds." So 5.7B is about .1% of the IRS's transactions that year. That's also less than it could possibly cost to deploy and maintain Worldcoin.
  - mrguyorama 3y ago
    The IRS is better at preventing fraudulent transactions than most credit card processors and fraud prevention providers. I know they have a more restricted system so it's probably easier than credit card fraud, but it's still at least an order of magnitude.

notahacker 3y ago

Because everyone knows that the trouble with people pretending dead people are still alive to collect their entitlements or obtaining access to other peoples accounts is lack of a VC backed startup that prints its own crypto tokens and scans people's eyeballs... The actual problems here are both hard and not being solved by WorldCoin