News for hackers. Stuff that matters.
Re:IRS Direct File to open to all 50 states and D.C. for 202... by crazygringo on Friday May 31, 2024 @01:43PM (#40538108)
> If you care about economic success of the country, the goal isn't 'collect as many taxes as possible'. The goal is to make the citizens wealthier in real terms.

But the goal of taxation isn't to maximize the country's economic success or overall wealth.

It's to fund necessary government services (schools, courts, police, military, etc.) and to redistribute wealth (Social Security, Medicare, Medicaid, etc.).

We only want to maximize national wealth after we've funded government services fully and redistributed wealth (and sufficiently protect the environment, protect workers, etc.).

So if funding the IRS gets you back more money, that's always good, because it's by definition going to the things that we have democratically decided are a higher priority than maximizing national wealth. And if we democratically decide that we're spending too much on services or redistributing too much, then we cut those intentionally -- not "accidentally" by underfunding the IRS.

Even if under-collecting taxes is good economic policy by the extremely narrow measure of GDP, it's terrible national policy. It's like saying that accidentally redirecting an extra $500 per person to the military is good military policy. I mean, sure it might be. But that doesn't mean it's good national policy.

Re:IRS Direct File to open to all 50 states and D.C. for 202... by dpc050505 on Friday May 31, 2024 @02:22PM (#40538626)
>We only want to maximize national wealth after we've funded government services fully and redistributed wealth

There's a chicken or the egg issue here. If your country isn't rich enough to fund government services such as education, transport and healthcare you need some economic development first.

Re:IRS Direct File to open to all 50 states and D.C. for 202... by mjamesaustin on Friday May 31, 2024 @03:54PM (#40539512)
Except we are vastly more wealthy than needed to provide these services. Wealth inequality is so laughably bad that a tax on just a handful of mega rich billionaires could cover the cost of many important social services.
Re:IRS Direct File to open to all 50 states and D.C. for 202... by webninja on Saturday June 01, 2024 @10:11AM (#40545896)
Are you sure? Have you ever tried to balance the federal budget?