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> Without IRS or congressional action, outcomes may unfairly favor the “well advised” over the “unaware.” Part of the governments job should be to make sure th
by londons_explore 5mo ago
> Without IRS or congressional action, outcomes may unfairly favor the “well advised” over the “unaware.”
Part of the governments job should be to make sure those with expensive advisors do not end up much better off than those who do their own taxes with little knowledge of tax law.
The purpose of taxes is not to tax the dumb extra.
- fhn 5mo agoyou're right but the purpose of the IRS is to tax the dumb extra.
- idiotsecant 5mo agoThe designed purpose of the IRS is to raise funds for governance. It's been captured and drained of resources by the capital class so that it's actual operational purpose is making sure that rich people pay as few taxes as possible by looking the other way when they don't obey the law. Yet another insurmountable bug in capitalism - those with the capital make the rules, and usually the new rules allow them to accumulate further capital. Rinse and repeat.
- londons_explore 5mo agoA super simple fix is to encourage the rich to have more children. If they have 6 children and divide their wealth 6 ways, that rebalances wealth inequality every generation. Easy enough to do via tax policy too. Eg. 10% tax reduction per child.
- idiotsecant 5mo agoThis is generally the case anyway. The problem is that one lifetime is plenty of time to accumulate enormous capital and do enormous damage. In fact, I care almost exclusively about the problems that they will cause during my lifetime.