Ten grand is about how much you make working full-time in New York City on the minimum wage for four months, for eight months at the federal rate. It’s the
average annual rent in West Virginia (the least expensive in the country), and
less than half the average price paid for used vehicles in 2020. What $10,000—let alone $600—most decidedly is
not is the preferred level of annual transactions among the tax-avoidant rich.
Yet that is how this surveillance is being sold on the left.
“Strengthening information reporting, as well as providing protected and sustained I.R.S. funding, would ensure that we focus enforcement on the biggest fish,” Sen. Elizabeth Warren (D–Mass.)
claimed to
The New York Times, presumably with a straight face.