posted May 25, 2021 12:15 AM            

Outrageous! Petty little tin horn dictator wannabe.

May 24, 2021
Joe Biden wants to spy on your bank account
Monica Showalter

Joe Biden wants to know what's in your bank account, and he'd like to keep watching.

That's the alarming issue Reason magazine has explored, noting that buried deep within Biden's much-touted tax hikes for "infrastructure" American Families Act unveiled last April 28 is a sneaky Democrat plot called the American Families Tax Compliance Agenda. That will force the IRS to hire 87,000 new IRS agents, all of them armed with vast, new, and expanded surveillance powers.

Biden['s] tax plan would cull financial data on masses of law-abiding, tax-compliant Americans. In the name of catching tax dodgers, the Biden administration is seeking serious snooping rights to oversee all American bank accounts and payment apps. "Instead of promising a chicken in every pot, Biden's plan promises an auditor at every kitchen table," commented Sen. Chuck Grassley (R–Iowa).

Under President Joe Biden's proposal, 87,000 new IRS employees would be hired and everyone could expect more scrutiny of the flow of money to and from their financial accounts.

Those powers include the "right" to continuously spy on Americans' checking accounts through forced reporting requirements from banks on all cash flows. They will also spy on Americans' PayPal and Venmo accounts in the name of knowing whether they are reporting their petty side income. It's definitely a war on the little guy. The rich know how to hide their wealth, says Reason, so it's not going to be they who get caught up in this federal fishing expedition and bankbook dragnet:..........

posted May 29, 2021 09:50 AM            

quote:

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Originally posted by Belage:
If that is true, then we are going to see more people buying gold, cryptos and open overseas accounts.

Yes, I know, the IRS is trying to get its claws on cryptos, and there is the Foreign Account Tax Compliance Act (FATCA) that requires offshore accounts to report to the US governments the balances of all citizens. But people are going to find ways around this.

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For sure we will find ways around this. If there is a will there is a way. It's insulting how much people's love for that $$ is underestimated, like they must think we are really really stupid. I mean we are pretty dumb.. but come between someone and their hard earned cash, we get wise to that with the quickness. The love for cash is something we all share. I consider myself a very non materialistic person. I despise money for what it is at its core but I respect the hell out of it. It's obviously a big part of life though and I enjoy seeing large numbers in my bank account like everyone else. but by comparison I have formed a very healthy relationship with it. It has the power to do so much good but as we can all see it has just as much power to do evil.

Anyways I like the idea of investing in gold & using other ways of trade. I do that anyway is some regards as it is. I typically deal under the table 😉 cash is king.

I am not a big fan of crypto currency though. I know a couple people who have invested in it and made some money doing so. But you're right, the IRS will fight tooth & nail to get their hands on crypto cash. Idk..I like having tangible tender I guess... CC just seems like a disaster waiting to happen.