Regarding Biden's use of IRS to invade citizen's privacy: relax it's just 2 tiny things...

The government has no right to access and examine every financial transaction over $600.

If there is evidence of criminal activity, present that evidence to a court and a judge will rule whether it meets the threshold and is pertinent to a legal investigation for access to someone’s financial activity.

That is how the process used to work. That is how our freedoms and rights were protected from abuse by a powerful government.

All that now goes poof. Gone. Forever.

And no one (other than some of us here) seems to care or think its a big deal.

It’s bewildering to me.

How about a 10/10/10 tax and ditch the entire IRS. Everyone pays their fair share.

This is insanity and will cripple banks

People will pull their money

I’m assuming there will be a court challenge for this at some point?

I mean, what was the actual justification the Biden administration used? I can’t see any situation where this is constitutional.

They have been doing this for years for expats (those of us living abroad).

You have a form to comply with the fatca act, list all your bank accounts for them when you submit taxes.

Often wondered how many nigerian princes were looking at peoples account numbers floating around the IRS for every paper pusher to see.

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It will turn all banks into tools of the federal government.

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Yeah, just add them to:

1. Schools
2. Media
3. Medical Industry
4. Big Tech

Not an exhaustive list.

There is approximately 1.3 trillion dollars in cash available in the banking systems if I recall . If people got nervous, and this would cause such a thing , there would be a cash shortage in no time . 330 million people hoarding cash would dry up the bank availability. Banks would lose their asses off