President Biden: The NEW one and only politics thread

Clearly the answer is to stretch those resources by monitoring every single financial account and forcing banks to report every transaction over $600 to the IRS so it can lord over our live's with no expectation of any privacy. We should boost its workforce to rival the monstrosity that is the NSA without any regard for the unsustainable debt we are running up to create an administrative state that exists to make itself bigger and bigger. ... because "fair share."

 

The gutting of the IRS isn't some new thing. This goes back to the 2000s. It is probably underresourced for what they ask it to do, but they actually increased its operating budget by more than 10 percent last year.

My problem with Janet Yellen (among many problems) is that at a time that we have recklessly run up debt on an unsustainable path, what we can really use is a treasury secretary addressing that fiscal reality and being honest with people as much as no one wants to hear it. But instead, they came in with a massive wasteful spending bill right off the bat, and are still pitching absurd populist propsosals that would keep increasing the amount of spending and keep running up more debt. And when faced with criticism about that, the closest thing they ever have to an answer is "fair share" BS that demonizes those who actually pay the vast majority of tax receipts. I can't take Janet Yellen seriously about how underresourced the IRS is, when she has been pushing to expand it way beyond what it is today with the goal of it lording over our lives and trying to squeeze as much money out of the population as it can to offset their desire to toss around money that we can't afford to spend. If she wants to make the case that the IRS is severely underfunded to even do the basics, maybe she shouldn't have been giving us an expensive Big Brother plan to have the IRS monitor every financial account and force financial institutions to report every transaction over $600.