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DBoon

(24,983 posts)
Sat Dec 17, 2022, 12:35 PM Dec 2022

LAT Column:Can America's billionaires please stop whining about their privacy rights?

Nothing spells “billionaires” in America like a demand that their efforts to exercise control over society be cloaked in secrecy.
...
Do billionaires really have anything to complain about? Hardly. They and their fortunes are protected by a bodyguard of laws and regulations.

Their political donations can be kept confidential, thanks to lax enforcement by the IRS of regulations granting donor secrecy only to “social welfare” organizations, not those engaging in politics. As I wrote earlier this year, the IRS practice of handling millionaires and billionaires with kid gloves has been known and documented for ages.

Where does the IRS focus its firepower instead? On the middle class and poor: The agency audits households with less than $25,000 in income at five times the rate for anyone else.

When the Biden administration and Congress enacted an increase in the IRS enforcement capability that would start to redress the imbalance, Republicans on Capitol Hill reacted as though the very bedrock of the republic would crumble.


https://www.latimes.com/business/story/2022-12-16/column-can-americas-billionaires-please-stop-whining-about-their-privacy-rights

paywall, will try to find free link
7 replies = new reply since forum marked as read
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LAT Column:Can America's billionaires please stop whining about their privacy rights? (Original Post) DBoon Dec 2022 OP
Kick dalton99a Dec 2022 #1
K&R 2naSalit Dec 2022 #2
Yep. Feel the weight. orthoclad Dec 2022 #3
The KKKreepers, orthoclad Dec 2022 #4
like republianmushroom Dec 2022 #5
Secrecy: while they invade our privacy, selling every scrap of data to make their billions. Bah cbabe Dec 2022 #6
Social media exists to spy on us ThoughtCriminal Dec 2022 #7

orthoclad

(4,728 posts)
3. Yep. Feel the weight.
Sat Dec 17, 2022, 02:21 PM
Dec 2022

Do we feel trickled on yet?

?itok=fh64bNke
https://www.cbo.gov/publication/58533

Bottom 50% squeezed, crushed, barely visible on this scale.

Feel the weight. That's the weight we carry, constantly. The zillionaires have successfully redistributed wealth -- upwards. And wealth is power.

orthoclad

(4,728 posts)
4. The KKKreepers,
Sat Dec 17, 2022, 02:25 PM
Dec 2022

threepers, and freepers are just carrying water for their masters, feeding on the crumbs like good little doggies, who hang them out to dry when caught.

cbabe

(6,647 posts)
6. Secrecy: while they invade our privacy, selling every scrap of data to make their billions. Bah
Sat Dec 17, 2022, 02:50 PM
Dec 2022

humbug.

ThoughtCriminal

(14,721 posts)
7. Social media exists to spy on us
Sat Dec 17, 2022, 03:59 PM
Dec 2022

Invading our privacy is the business model.

A social media mogul whining about privacy is Satan complaining about the hot weather.


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