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
orthoclad
(4,818 posts)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
(4,818 posts)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.
republianmushroom
(22,724 posts)cbabe
(6,817 posts)humbug.
ThoughtCriminal
(14,754 posts)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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