Stolen from Superstonk:
"Naked short positions are never closed and the hedge funds/market makers(?) who shorted the companies into obvilion will never have to close their shorts. This is tax evation. They should pay taxes on their winnings.
Instead they can use it for tax free collateral and siphon even more money out of the hands of retail investors by printing naked shorts until companies go bankrupt. "Most sophisticated investers" 😄
I worked for the IRS for 3 years in the 90s as a software engineer. My theory is that they are going to use these new employees to go after those who didn’t pay taxes while us slaves did. Seize assets?
We know that the IRS has been drawn down to skin and bones. So this move doesn’t make sense except to go after the cheats.
I like this theory a lot actually. Could those EOs to seize assets be enforced with these new agents? Would be incredible to watch 87000 armed hires for the largest transfer of wealth in human history.
Have them work on commission and watch them ferret out hidden accounts and assets!
Seize guns
What do you suppose the increase is for?
People like you.
Ill be ready <3
To wake up the normies?
Fraud and tyranny. More of the same.
Where do you even get 87,000 from? That sounds like a huge amount to siphon from elsewhere...
Once again, the idiots at Superstonk are spewing bullshit.
A short that is never covered has no tax implication. It is not tax evasion.
Even the IRS would say that there is no basis for a tax.
Also, you can't use a short for "collateral." Just more stupid bullshit.
Finally (and again), it is not the hedge funds that naked short. It is the prime brokers, such as Goldman Sachs. They are the ones committing the fraud.
Have you read any of the DD? There's thousands of man hours worth of research that has been done.
Hedgies r fukt.
Not closing the shorts and paying taxes is legal,that's the way the law was written. ......
87,000 agents are to steal tendies from apes.
Isn’t that what “kiting” is?