No billionaire should ever be audited. They should have their taxes done by a team of IRS agents and then have the taxes owed taken directly from their assets. No fancy accounting loopholes, just a bill of what is owed.
I think that if there is a complete replacement of the economic workings in the USA, part of it would involve how taxes are assessed and collected. For the corporations, they shouldn’t be responsible for their book-keeping. Instead, the State and Federal governments jointly undertake this duty, assigning their own personnel.
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Each quarter of the year, a coin is flipped. Tails, the State government does the IRS duties, and Heads, it is the Federal. Each of these governments respectively cover exactly half of the year’s book-keeping, but the timing and personnel is randomized.
This helps mitigate corruption, because it randomizes who is looking at a company’s finances. Corruption relies on social trust between thieves to not sell each other out for mutual profit, which requires the thieves to figure out who can be worked with. By constantly replacing who they have to work with, the corporations can’t create ideal conditions to become corrupt.
Having the federal and state governments comparing their records also helps keep them from becoming corrupt themselves: They don’t want to share the corrupt pie, so all three parties have to agree to be rotten if they want to do shady dealings. That is much harder when there are many loose lips and competing interests to sink ships.
No billionaire should ever be audited. They should have their taxes done by a team of IRS agents and then have the taxes owed taken directly from their assets. No fancy accounting loopholes, just a bill of what is owed.
I think that if there is a complete replacement of the economic workings in the USA, part of it would involve how taxes are assessed and collected. For the corporations, they shouldn’t be responsible for their book-keeping. Instead, the State and Federal governments jointly undertake this duty, assigning their own personnel.
000
Each quarter of the year, a coin is flipped. Tails, the State government does the IRS duties, and Heads, it is the Federal. Each of these governments respectively cover exactly half of the year’s book-keeping, but the timing and personnel is randomized.
This helps mitigate corruption, because it randomizes who is looking at a company’s finances. Corruption relies on social trust between thieves to not sell each other out for mutual profit, which requires the thieves to figure out who can be worked with. By constantly replacing who they have to work with, the corporations can’t create ideal conditions to become corrupt.
Having the federal and state governments comparing their records also helps keep them from becoming corrupt themselves: They don’t want to share the corrupt pie, so all three parties have to agree to be rotten if they want to do shady dealings. That is much harder when there are many loose lips and competing interests to sink ships.