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In the new year, let's continue to focus on fraud cases; Minnesota is just the tip of the iceberg. A few days ago, Musk also said he estimates that about $1.5 trillion is defrauded in the US annually! That's 20-25% of annual federal spending, exceeding the deficit.
I've heard from people in the black market that defrauding US Social Security funds is a well-established business in Taiwan, with some teams earning tens of millions of dollars a month—you read that right, tens of millions of dollars.

AusMini
@aus_mini
令人震惊💥美国征收 2.4 万亿美元的所得税,但其中有 1.5 万亿美元被浪费在欺诈上
如果不必为欺诈买单,那么只需要征收 9000 亿美元
这意味着年收入低于 50 万美元的人实际上可以 完全不用缴所得税
不需提高税收,只需减少欺诈👇

How much is the personal information of a U.S. resident (including citizens) with their name, address, phone number, and Social Security Number (SSN) worth on the black market? Approximately 2-3 RMB.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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