so even in that case it's a dumb comment.

Was is stocks. I thoght enron was taxes and martha stewert was sec

It's like saying the Chicago Police arrested one man for murder so there's not a crime problem.

Scandal of crashed company's tax evasion | Business | The ...
Search domain www.theguardian.com/business/2003/feb/14/corporatefraud.enron1https://www.theguardian.com/business/2003/feb/14/corporatefraud.enron1
Feb 13, 2003Scandal of crashed company's tax evasion. The three volume report was also critical of deferred compensation plans for executives used widely to avoid tax. It noted in passing that Enron had paid $53m (£32m) in previously deferred compensation to top executives in the weeks before it went bankrupt.

I don't know how to respond without sounding like a complete asshole. But IRS, SEC, FDA, doesn't really matter the realities of these organizations always tends to be similar. Ever Broadened Scope.

Some people will get caught, but the behavior remains widespread regardless.

This article was written by an idiot

they weren't caught on tax evasion

The financial accounting rules weren't as strict

A lot of the shit they were doing besides outright fabricating the numbers wasn't really illegal

That's why Sarbanes-Oxley exists.

Enron Exec Pleads Guilty to Tax Evasion - Los Angeles Times
https://www.latimes.com/archives/la-xpm-2002-nov-27-fi-enron27-story.html
Nov 27, 2002
The tax-evasion charge stems from a 1997 deal to sell wind farms Enron owned in California. Larry Lawyer, 34, became the fourth person federal prosecutors have secured a guilty plea in their probe ...

Notice how it says Exec

The point you were saying is the IRS barely enforces laws.
Clearly they do

Yeah, and clearly the Chicago PD have stopped all gun violence becauset they arrested some people this weekend.

It's baffling to me that you clearly don't really know the details about the Enron situation, but are still trying to use it to support some sort of riposte.

If I asked you what's the difference between the FTC and the SEC you'd have to google it I'm sure.

I would venture to say there are more then just this one tax fraud issue

You know the IRS doesn't really check everyone's taxes right?

You know incorporated businesses file quarterly right?

If the company hadn't done things so badly they failed, they wouldn't have been "caught"

I'm not an economist. I know ones the trade commotion the others security's and exchange (stocks)

Economists don't know shit anyway, and you don't have to be an economist to know about regulatory agencies.

Or the history of Enron

I might as well google the instances of hate crimes to prove how white supremecy is on the rise.

That's your kind of logic when it comes to my criticisms of the regulatory agencies.

less than 10% of these bi g companies get audited, and it's not like it's random.

Whole reason Enron got targeted is they were supposed to be worth so much money and they went bankrupt. They didn't punish them until it was already too late.

This is DESPITE THE FACT that employees and other people in the industry had made reports and gone to the SEC offices in person to warm about the fuckery.

Anyway, arguing about shit that doesn't matter at this point anyway. You can believe regulatory agencies are effective if you want.

Look, you said the irs had no teeth, I gave you an example of the irs taking a company down. That's it, I'm not saying some places get away with fraud. I'm just saying they have teeth

and the Chicago PD have Teeth too

I suppose they do

I bet you don't even use Emacs

No, I don't

This idea of capping income at 150k would potentially really fuck over sole proprietorships, which do not file taxes separately from the personal taxes of the owner.

You are basically saying that sole proprietorships cannot make more than 150k

Unless there's specific reasons it's so cheap and easy to make an LLC now

The idea of a cap is retarded because it won't fix the actual problem

and it's retarded since as I pointed out already. There's not going to be enforcement.

If people had any idea of the kind of law breaking all the financial services companies get up to there'd be Hong Kong style riots. The big 4 are a fucking joke in terms of compliance.