The Skeeter Daddle Diaries

From the New York Times: BIDEN’S PROPOSAL TO EMPOWER IRS RATTLES BANKS AND THEIR CUSTOMERS

This is the sort of story I love. Sleepy Joe wants to find folks who hide their assets, work under the table or just plain scam the tax folks. Billions of dollars are lost, meaning, you and me pick up an even larger share of the defense budget. The rich, the corporations, the Pandora folks, well, we’re happy to spare them the burden of helping with health care or cancer cures or infrastructure rebuilding or education or … well, almost everything. Spare the rich! The American motto these days. Amazon pay taxes? Gee, why, they’re the job creators.

So here’s the New York Times story that the Big Banks (oh, and their customers, at least the Big Boys) are rattled that the IRS might be peeking at their finances. It’s okay that they look at mine, I guess, but whoa, that’s an invasion of privacy when they check into folks with a helluva lot of money and lawyers who can hide it for them. The Republicans, those good fellas who keep harping about the deficits and the debt ceiling, asking how are we going to pay for these programs for the poor, for climate change mitigation, for new infrastructure, for safety needs, for all that stuff that looks like socialism to them, they’re unwilling to hire more IRS auditors to make sure the tax cheaters pay their fair share, oh no, not that! Better to forget about those programs than find an honest way to fund them.

I’m a customer of my bank and I can tell you with some certainty, I’m not rattled by empowering the IRS to collect taxes that aren’t being paid right now. It’s a little like telling the cops don’t arrest the folks in the mansions, better to go after the petty crooks. Wait, we basically do that now. The rich made the tax laws and even then there are plenty of them who want to keep all their money, to hell with the needs of the larger society. They’re privileged and they want to keep it that way. The debt ceiling the GOP doesn’t want to raise is, in good part, the debt incurred by reducing even further the taxes on the wealthy and the corporations. God forbid we audit them to see if they’re playing by the rules. So no, I’m not rattled, but … I wouldn’t mind rattling their cages.

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This entry was posted on Wednesday, October 20th, 2021 at 2:56 pm and is filed under rantings and ravings. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.