President Joe Biden - Kamala Harris Administration

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Biden's Total Financial Surveillance | ZeroHedge

What if every one of your non-cash financial transactions was automatically reported to a beefed-up, audit-hungry IRS?

Imagine living in a world where every one of your noncash financial transactions—a restaurant meal, a Venmo transfer to a friend, maybe some bitcoin bought on the dips—was automatically reported to a beefed-up, audit-hungry IRS.

That dystopia will become a reality if President Joe Biden gets his way.

Biden, Treasury Secretary Janet Yellen, and key Capitol Hill allies such as Sen. Elizabeth Warren (D–Mass.) are pushing a vast, intrusive financial surveillance system in the name of closing the "tax gap."

But don't worry: There's no need to fear if you've got nothing to hide.
"For already compliant taxpayers, the only effect of this regime is to provide easy access to summary information on financial accounts and to decrease the likelihood of costly 'no fault' examinations," the Treasury Department said this May in a nakedly authoritarian document called "The American Families Plan Tax Compliance Agenda."​

But "for noncompliant taxpayers," the department continues, "this regime would encourage voluntary compliance as evaders realize that the risk of evasion being detected has risen noticeably."​
 
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Rasputin_Vol said:
Biden's Total Financial Surveillance | ZeroHedge

What if every one of your non-cash financial transactions was automatically reported to a beefed-up, audit-hungry IRS?

Imagine living in a world where every one of your noncash financial transactions—a restaurant meal, a Venmo transfer to a friend, maybe some bitcoin bought on the dips—was automatically reported to a beefed-up, audit-hungry IRS.

That dystopia will become a reality if President Joe Biden gets his way.

Biden, Treasury Secretary Janet Yellen, and key Capitol Hill allies such as Sen. Elizabeth Warren (D–Mass.) are pushing a vast, intrusive financial surveillance system in the name of closing the "tax gap."

But don't worry: There's no need to fear if you've got nothing to hide.
"For already compliant taxpayers, the only effect of this regime is to provide easy access to summary information on financial accounts and to decrease the likelihood of costly 'no fault' examinations," the Treasury Department said this May in a nakedly authoritarian document called "The American Families Plan Tax Compliance Agenda."​

But "for noncompliant taxpayers," the department continues, "this regime would encourage voluntary compliance as evaders realize that the risk of evasion being detected has risen noticeably."​
Click to expand...

Those 87,000 new IRS folks have to do something.

Biden proposes doubling IRS workforce as part of plan to snag tax cheats
 
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Anyone notice Biden hasn't been cheesing like a cheshire cat and discussing his favorite ice cream over the last two months? I haven't seen him giggling like a teen age girl at a Justin Bieber concert lately.
 
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W.TN.Orange Blood said:
Imagine going out to buy an EV costing at $55K & or a truck at $74K ....

Honda, Toyota reject Democrat's pro-union electric car subsidy plan

Got to love the Democrats who are looking out for the American consumer.
Jack the prices up on everything that's NOT nailed down ... consumers will love it.
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Yeah, and all that real climate change they will be facilitating by giving credits for continued deforesting and strip mining for the metals needed to make batteries that will require hazard waste disposal at the end of their useful life (and the batteries too).
 
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GVF said:
Yeah, and all that real climate change they will be facilitating by giving credits for continued deforesting and strip mining for the metals needed to make batteries that will require hazard waste disposal at the end of their useful life (and the batteries too).
Click to expand...

It's not listed in the article but the cost taxpayers will be paying by putting in "charging stations" all around the country & how many it'll take to do it isn't mentioned.
 
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W.TN.Orange Blood said:
When a Republican is President & in the WH, Democrats cheer on their governors as they give the middle finger to the other guy's administration. Now that a Democrat is president & in the WH any states that don't buy into the Democratic agenda must be bludgeoned into submission. Joe Biden and the Democrats only view federalism as a useful tool to resist Republican presidents. When a Democrat is calling the shots, Republican governors aren't afforded the same progress.
Click to expand...
Same goes when the Rs are in charge and D governors buck.

Different sides of the same coin.
 
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