I don't understand privacy well, can you provide specifics of which nooks/crannies of the wealthy need to be private from the IRS? Also, do you think wealth inequality is a problem, and if so, what'd be your alternative proposition to fix it?
Consider how Joe, a poor person, will prove to the IRS that he has no assets to tax. Proving a negative is impossible, unless you're working with a closed system. You can make the financial system closed by requiring all income and all assets to be reported to the IRS.
The only way this works is if we all file asset statements, rich and poor. And that means an end to one of the last remaining forms of financial privacy - for everyone, not just the rich.
You don’t have to prove to the IRS you have no assets, just like
how it’s not on you to prove to the IRS that you have no income. You just declare what you have and if you’re found to be lying later you go to jail.
