I don’t hate the IRS. They don’t write the tax code, and it’s not their fault that they’re underfunded. That’s all on Congress.
This might upset a few people, though: Your Taxes Pay for Nothing
Sort of… but saying that the government can issue as much new currency as they want is disingenuous and this is addressed later in the video, but it literally says that the tax money is “destroyed”… this is not really correct.
The value of a government currency like the dollar comes ultimately from confidence in the US economy. If the economy produces value, then the dollar represents a piece of that value. If the economy is unproductive (less value is produced) then tax revenue is lower, and less new money can be issued.
So to close the circle, your taxes do pay for something… the government’s capacity to issue new money, which it then uses to pay for government services &etc. Saying that “your taxes pay for nothing” is kind of a pointless argument over semantics, because without the tax collection the government would not be able to pay for anything.
Just want to reiterate that the IRS get their marching orders from the party in charge which is why they targeted rich people under Biden: The IRS has recovered $1.3 billion from rich American tax dodgers since the fall of 2023 — relieving a painful burden from ‘ordinary citizens’
FWIW the US federal budget for 2024 is going to be about $6.8 trillion dollars. So that $1.3 billion is about 0.019% of the total budget. I’d call that a slap on the wrist for the billionaire class except that you can actually feel a slap on the wrist.
That’s entirely the wrong denominator for this comparison. IRS doesn’t write the budget nor do they write tax law, they just collect.
Fine, revenues are $4.9 trillion. My point is that $1.9 billion is literally a drop in the bucket - hardly an example of the IRS “going after rich people”.
Who the fuck is the rich chef lmfao?
Every chef I know looks like the dude on the left, but he hasn’t had adderall since work insurance pays shit so instead he subsists on alcohol and cocaine with the rush of order and chaos working the kitchen.
He’s not even 1/4 of the way to being a billionaire. He may as well be scraping shit off the street then trying to pass it off as one of his lavacakes.
Site supervisor waiting for both of them to deliver that wheelbarrow full of bricks:
The “rich parents” blocks are off screen.
