The IRS is targeting wealthy tax cheats by sending letters to top earners who decline to file tax returns, potentially uncovering hundreds of millions of dollars in unpaid taxes. The complexity of the tax code favors the rich and encourages aggressive tax behavior among wealthy individuals. With reduced IRS funding, audits on the rich decline, transferring wealth from the poor to the affluent. On a separate note, President Biden aims to block Chinese cars from the American auto market due to national security risks, emphasizing concerns about sensitive information being transmitted to China through the operating systems of these vehicles.
Kara and Scott discuss the state of the presidential race on Super Tuesday, and the Supreme Court ruling on Trump's Colorado ballot eligibility. Then, does Elon Musk’s lawsuit against OpenAI and Sam Altman hold up in court? Plus, the era of self-regulation for Big Tech appears to be over, at least in the EU. Will that regulation ever make its way to the U.S.? Finally, our Friend of Pivot is Tom Scocca, editor of the Substack, Indignity, who recently penned the New York Magazine essay "My Unraveling." Tom discusses his medical mystery and what he learned about the American healthcare system.
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