The Biden administration is recruiting 87,000 IRS agents, allegedly to keep an eye on billionaires. But all appearances are that it’s aiming at the little fish of the gig economy instead.
Taking payments for a side hustle via PayPal or Venmo? Not only is the IRS reminding you those payments are taxable income, it’s deputizing those payment companies to snitch on you.
The federal government can lose trillions, as a recent Pentagon audit noted, & no one goes to jail. Sam Bankman-Fried can lose billions & (so far at least) be treated as a darling by members of Congress to whom he donated. But the corporate/government machine that characterizes U.S. governance today expects you to keep perfect records, & will be sure to keep close tabs on you.
As Leona Helmsley once allegedly said, taxes are for the little people. And you, hipsters of the gig economy who probably voted for President Joe Biden, you’re the little people.
As The Post editorialized in June, “Think about this the next time Elizabeth Warren and AOC whine about the wealthy not paying their share. Yet the legislation they passed goes after hobbyists and little folks trying to earn a few bucks in various side hustles. It’s only going to punish the US economy a bit more: Some will have to charge more to make the work worthwhile; others will quit now that it means more paperwork and taxes.”
Why would Democrats do this? It almost seems as if they’re hostile to self-employment and small business. Well, it seems that way because in fact they’re hostile to self-employment and small business.
You may have noticed in this era of social-media mobbing, people get fired when spineless employers are threatened by angry online mobs. But you can’t get people fired from jobs when they work for themselves. Self-employed people — and even people with a second income from a side hustle — are more independent than people who depend on an employer’s paycheck.
That independence is anathema to Democrats, who have made pretty clear they want everyone under their thumb. Since the pandemic, in which lockdowns gave big-box stores preferential treatment, it’s been a steady grinding down of small businesses and entrepreneurs (aside the Bankman-Fried sort of “entrepreneurs” who make six-figure donations to favored politicians).
This is just another tightening of the screws. If everyone works for the government or a big corporation in cahoots with the government, everyone is controllable. And for Democrats, that’s not a bug but a feature.
FULL STORY
Dems Grinding Down Small Business
Discussion of the economy
Moderator: Super Moderators
Dems Grinding Down Small Business
Post by Riddick » 12-09-2022 02:22 PM
A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL
Everything Woke turns to -Donald Trump
Everything Woke turns to -Donald Trump
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