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Microblog Memes @lemmy.world

Legalized bribery

184 comments
  • Intuit has been doing this for a long time, just in case anyone was wondering why $1 million seems like a low bribe. And it goes beyond preventing you from filing your taxes for free, with one of their goals being to make it as much of a pain in the ass as possible, so you are too frustrated to do it yourself.

    This if from a 2019 Pro Publica article:

    But the success of TurboTax rests on a shaky foundation, one that could collapse overnight if the U.S. government did what most wealthy countries did long ago and made tax filing simple and free for most citizens.

    For more than 20 years, Intuit has waged a sophisticated, sometimes covert war to prevent the government from doing just that, according to internal company and IRS documents and interviews with insiders. The company unleashed a battalion of lobbyists and hired top officials from the agency that regulates it. From the beginning, Intuit recognized that its success depended on two parallel missions: stoking innovation in Silicon Valley while stifling it in Washington. Indeed, employees ruefully joke that the company’s motto should actually be “compromise without integrity.”

    Internal presentations lay out company tactics for fighting “encroachment,” Intuit’s catchall term for any government initiative to make filing taxes easier — such as creating a free government filing system or pre-filling people’s returns with payroll or other data the IRS already has. “For a decade proposals have sought to create IRS tax software or a ReturnFree Tax System; All were stopped,” reads a confidential 2007 PowerPoint presentation from an Intuit board of directors meeting. The company’s 2014-15 plan included manufacturing “3rd-party grass roots” support. “Buy ads for op-eds/editorials/stories in African American and Latino media,” one internal PowerPoint slide states.

  • Then stop accepting wealth in your country. You accumulate the capital of the whole world inside your country and then expect them to be there for any other reason than to control the policy there?

    Make it make sense

  • Well that is just a tip of the iceberg.

    What do u think his digital currency was for?

    Corpos buy currency, he sells his coin, he does whatever corpos want, done.
    Corpos write off as failed investment, Trump gets paid.

    All digital currencies are for some shit like this - fraud.

  • I've always thought the best argument against him being bribed is that the cash he's pocketing from staying at his own hotels is pretty petty as far as what the president could potentially get in the way of ill-gotten gains.

    • Trump is incredibly miserly for someone who's so terrible with money. He straight-up refuses to pay anyone he thinks won't win a lawsuit against him, stiffing dozens of contractors who worked on his real estate projects over the decades. He even ghosts the venues that host his rallies when it comes time for his campaign to repay them.

      There was an experiment where checks were mailed weekly to various random wealthy people with slightly less each week to see at what point they wouldn't even bother cashing them in. Trump was one of only two people to keep cashing them even when they dropped to pennies per check.

      He's also infamous for lying about his wealth. He is (or was before his presidency gave him endless opportunities to grift) a paper billionaire who in reality was so deep in debt and had such bad credit due to his constant bankruptcies that no bank in America would lend him money. That's how he got involved with Deutsch Bank, the one with shady connections to the Russian government.

      He's corrupt, incompetent, and willing to do anything for money. And he has so many grifts running that even if they aren't making much individually, he's still "earning" a fortune overall.

184 comments