Quote (EndlessSky @ Jul 18 2016 06:09pm)
Private banks are more than capable of handling student loans... and your IRS data is cherry picked, and by its very nature hypothetical. There are plenty of alternatives to the current IRS that would handle taxes more fairly and efficiently, state or federal. The answer isn't always to double down on failure like the way you suggest.
I think you misunderstood. What you were talking about (the outright elimination of the IRS) might be theoretical but the example I used (the systematic moving of IRS operations to fewer and fewer people) isn't. It's been happening, specifically since January 2011 when Republicans retook the House and started using the IRS to suit their ideological agenda, and we know exactly what it looks like: you can't ask fewer and fewer workers to do more and more processing and enforcement and not get a shittier product. The data on that obviously isn't cherry-picked either:
http://www.cbpp.org/sites/default/files/styles/downsample150to92/public/atoms/files/4-4-16tax-f1.png?itok=CE0bitQ2http://www.cbpp.org/sites/default/files/styles/report_371px/public/atoms/files/4-4-16tax-f2.png?itok=egd7YcjHhttp://www.cbpp.org/sites/default/files/styles/report_371px/public/atoms/files/4-4-16tax-f5.png?itok=PLWDEZa4As far as student loans, we've got decades worth of evidence to know that banks aren't capable of handling the loans. It was a disastrous system that benefited no one but banks. If by chance enough
dumb people did find themselves back in power that would be required to put such a system back in place, then at the very least the banks would need to start accepting the risk for the loans themselves, which they never did before.
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