Race Jones
gangster. grace. alchemy
this is insane to me
Speaker Pelosi confirms IRS monitoring account deposits of $600+ will be in Reconciliation Bill.
- Thread starter Race Jones
- Start date
this is insane to me
The Lonious Monk
Celestial Souljah
Meanwhile it was just reported that the top 1% in the country have more wealth than the entire middle class for the first time in this country since such data has been kept.
Race Jones
gangster. grace. alchemy
SeaSnake
OG
lol and these folks think working harder will make it easier smh
The Lonious Monk
Celestial Souljah
Yep, it's disgusting.
The top 1% officially have more money than the whole middle class
The most recent data from the Federal Reserve shows that the top 1% wealthiest Americans have a collective net worth of about $36.2 trillion.
www.businessinsider.com
This country is headed for bloody internal conflict. I don't see any way around it. These trends that we're seeing both socially and politically can't continue the way they are without everything blowing up.
Olorun22
Active Member
Its already been an internal conflict starting with occupy wall street. Its going to get worse if they continue to bleed the middle class pockets.Yep, it's disgusting.
.
The top 1% officially have more money than the whole middle class
The most recent data from the Federal Reserve shows that the top 1% wealthiest Americans have a collective net worth of about $36.2 trillion.
This country is headed for bloody internal conflict. I don't see any way around it. These trends that we're seeing both socially and politically can't continue the way they are without everything blowing up.
They think they're going to do automation and nothing is going to happen. They're wrong because you putting people out of work for robots. That leaves people with no money to spend .
Kzzl
Active Member
This might be a response to the digital currency boom, which hasn't been heavily monitored.
Cashapp, Venmo, crypto, nft transactions, Onlyfans, etc.
Aside from that, most of our incomes are already recorded by the IRS.
Part of why doing income taxes every year is archaic at this point.
For many Americans, the IRS already has that info.
Cashapp, Venmo, crypto, nft transactions, Onlyfans, etc.
Aside from that, most of our incomes are already recorded by the IRS.
Part of why doing income taxes every year is archaic at this point.
For many Americans, the IRS already has that info.
ImaInfluenza
Who do you think you are? I am
I take announcements like this as, now we are making you aware of something we already do.
ImaInfluenza
Who do you think you are? I am
Word..knowing that even though they were looking in on it, legally they couldn’t do shit. And now, they put something on the books to make it legal to do shit about shit they already knew
ImaInfluenza
Who do you think you are? I am
I get this, the issue is that it’s gonna work for a moment and then rich people are going to pay their experts to find a way around it and legitimize it how they have with borrowing against their own debt. Then after years when the spirit of the law is forgotten. Law enforcement is gonna get a hold of it and manipulate it to fuck with average people.
The Lonious Monk
Celestial Souljah
I don't know. The problem isn't the people that are underreporting and hiding money. The problem is the fact that a lot of the people at the top don't have to underreport or hide money because the system allows them to cheat. If Biden isn't trying to fix that, then he isn't doing shit.
ImaInfluenza
Who do you think you are? I am
This is why I don’t like democrats, instead of being head strong and just going after an issue and clearly stating we are going after this issue, fuck how you feel. They do this manipulation of legislation that in the end usually results in replubicans twisting that legislation into something that fucks people
That will make it to where they can be made to look both stupid and intelligent plotting villains
That will make it to where they can be made to look both stupid and intelligent plotting villains
Yep, it's disgusting.
.The top 1% officially have more money than the whole middle class
The most recent data from the Federal Reserve shows that the top 1% wealthiest Americans have a collective net worth of about $36.2 trillion.
This country is headed for bloody internal conflict. I don't see any way around it. These trends that we're seeing both socially and politically can't continue the way they are without everything blowing up.
Honestly you know what it's gonna take...poor white people rising up and realizing that the only thing they've ever been taught they have of value is being white.
The Lonious Monk
Celestial Souljah
Yeah, unfortunately, they are more likely to rise up and fight against the people that are actually trying to help them and the minorities that are in the same position as them - whatever benefits they get from being white.
Reminds me of a line from Rosewood when somebody told one of the white characters "the only thing you got going for you is being white".