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this post was submitted on 09 Sep 2023
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From the article.
Anyway, I think billionaires are millionaires. Have to be to have billions. Which is to say, I doubt they're not targeting billionaires too and that I'm thankful that AI will help the IRS keep the rich accountable.
The difference in disposable capital between a millionaire and a billionaire is substantial. A millionaire might be able to drag out an audit and find clever loopholes.
A billionaire will simply fund Republican candidates that will defund the IRS so that they never even see the audit.
Q:What's the difference between someone who has 1 million dollars and someone who has 1 billion dollars?
A:Roughly a billion dollars.
Really, it's practically the same at 10M.
A billion is just so fucking much more that our brains have a hard time even conceptualizing it.
Yes very true. 0.1% and 1% respectively
I hear you my turtle friend.
I guess I'm saying this is a step in the right direction and I hope that the IRS is operating in good faith in regards to billionaires too.
But yes, the gop is corrupted by greed and have a long history of betraying their constituents for campaign donations.
If you have a million, you can spend $1.9 every minute to spend it all in a year. If you have a billion, it's $1900 every minute. A millionaire is just a rounding error for a billionaire.
I get that.
But I think it missed the point of what I was saying.
Millionaire includes Billionaires. If you have 999 million, you don't stop having millions of dollars because you rob people of one more million.
It's an inclusive term of billionaires, and was probably chosen as the title of the article to save on space rather than to imply billionaires are somehow excluded from these new procedures.