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487

Sorry, hipsters.

A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.”

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.

> Sorry, hipsters. > A recent tweet says it all. “Sam Bankman-Fried: I don’t know where $10 billion went. The Pentagon: We don’t know where $2.2 trillion went. The IRS: You just sent $601.37 don’t forget to report it.” > 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.

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[–] 3 pts

This is how they get communism. Communism requires subverting businesses, but small businesses, free lancers, etc are all too numerous and too hard to control. They want everyone working at major corporations so they can either have huge influence over those corps or just flat out take them over. They slowly kill the economy from the bottom up, freelancers, small business. Then it moves to medium business. As soon as you know it the only places to eat are nationwide chains. Then they just get closer and closer to the government until they're basically working as one. This is what they want, they want your only option to make money to be to work at some fast food place for $15/hr, or if you're a top goy you can work in an office for $50/hr, but most people will make $15/hr to $20/hr.