Scott Galloway

By the way, if you wanna solve or go a long way to solving the deficit, you would increase funding to the IRS, because supposedly about $780 billion a year is called the tax gap, which means taxes that are owed that go unpaid.

Because the Republicans, and this is very deft, they have said rather than, the biggest tax cut in history is the defunding of the IRS.

Because wealthy people have exceptionally complicated tax returns and to audit a wealthy person takes professionals and time and resources, which the IRS no longer has.

So the tax rates are just symbolic because very, very wealthy people with complicated tax returns can be so aggressive now on their taxes because they are in fact confident that the IRS doesn't have the resources to come for them.

And now he's saying, I'll weaponize it against my enemies.

I mean, it happened to the DOJ.

Why wouldn't it happen at the IRS?

It's happened to the DOJ.

I don't know.

I do think there needs to be something along the lines of like a Nuremberg trial.

There needs to be.

I think the only way we move past this is with some sort of reckoning.

And I actually believe the Democrats should be outlining the specific laws, the specific hearings, the specific subpoenas that they are going to pursue, because to just

sort of say, well, it's time to move on and come together.

There needs to be moral clarity around what's going on here because just the DOJ being weaponized is the most serious of all of it.

But in terms of IRS, what that means is a tax increase for lower middle income homes and all Democrats because

if you're a famous republican donor you're telling your tax people right now just go so far so aggressive don't pay this claim claim a 200 million dollar deduction on your plane even though it costs 60 million yeah well that's not true doesn't just go for it and by the way

I don't think I'll be audited.

Now, what does that mean?

The government has to collect at least $5 trillion a year to just fund their current commitments.