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