What’s in your wallet? – IOTW Report

What’s in your wallet?


Joseph Biden, The Grand Burgher of Burglary, is very very interested in your finances.
Very interested.

Joe Biden wants to spy on your bank account.

American Thinker:
By 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:

Rather, it’s the folks who sometimes get paid “under the table” for informal gig work — babysitting, house cleaning, a stray manual labor job here and there, sex work, fixing a few cars, peddling homemade baked goods, occasional music gigs, selling things on eBay or Etsy, and so on — who probably aren’t likely to have elaborate schemes for hiding a little stray income from their checking accounts and payment apps. more here

SNIP:
Cash. It’s still king.

23 Comments on What’s in your wallet?

  1. The next step to slavery and misery will be going cashless so you can’t avoid them at all.

    Paying taxes is voluntary – until a Democrat is in charge. then there will be hell to pay.

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  2. Hello there my fellow Swampers, be careful out for I’ll be watching you.
    No longer will it pay to hold out/fake your tax returns. Uncle Sam will now be more fruitful in their duty to enforce the tax codes. Happy swamping.

  3. “…selling things on eBay or Etsy…”

    Ah, that would be me. Time to can the eBay account.

    So glad the Usurper-in-Chief stole the election. Enjoy your so-called victory, democrats. None of this crap would have happened under Trump.

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  4. I’m with Jason. I just operate under the assumption that I have been spied on for years. Rest assured there are government goobers watching everything we do and say on the internet.

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  5. Too late! Turdeau did it up here in Canuckistan about 13 months ago.

    Part of getting ANY Covid Aid/ Benefits (especially for business) required that you give them (Revenue Canuckistan) access to check you business accounts electronically.

    Once again: Biden/ The Demos are taking the globalist pages and implementing them. Canada is the pattern that most closely resembles the USA.

    Watch Fidel’s boy & see your future…

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