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Congress wants Banks & Credit Unions to monitor all our personal deposits over $600

Posted on 9/23/21 at 2:04 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
25914 posts
Posted on 9/23/21 at 2:04 pm
American Bankers Association

"The threats to privacy and the invasion of compliant taxpayers' personal financial affairs are staggering." Watch to hear Sen. MikeCrapo's take on a misguided proposal in Congress to force banks to share inflow and outflow data from almost every bank account with the IRS.
This post was edited on 9/23/21 at 2:06 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/23/21 at 2:07 pm to
“For your protection”

Said every power hungry organization ever
Posted by Bout_Dat_Lyfe
Member since Jan 2013
1968 posts
Posted on 9/23/21 at 2:07 pm to
Cucks will defend this.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41059 posts
Posted on 9/23/21 at 2:08 pm to
Every small business needs to start accepting payment in crypto currency.
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
65666 posts
Posted on 9/23/21 at 2:08 pm to
quote:

Congress wants Banks & Credit Unions to monitor all our personal deposits over $600


but not THEIR bank accounts i'm sure.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
16957 posts
Posted on 9/23/21 at 2:14 pm to
Imperial Supreme Commander Biden is just trying to look out for his kingdom.

Posted by Oilfieldbiology
Member since Nov 2016
37423 posts
Posted on 9/23/21 at 2:16 pm to
Man frick all that.
Posted by JAGuyHeh
Member since Aug 2021
178 posts
Posted on 9/23/21 at 2:17 pm to
Soon you'll need some kind of mark on your body to buy or sell.
Posted by Deuces
The bottom
Member since Nov 2011
12359 posts
Posted on 9/23/21 at 2:17 pm to
It’s hilarious how it’s the floor amount for a 1099 to be issued.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
39850 posts
Posted on 9/23/21 at 2:21 pm to
I'll shown em mine if they'll show me theirs.
Posted by The Spleen
Member since Dec 2010
38865 posts
Posted on 9/23/21 at 2:21 pm to
What's the problem if you have nothing to hide?



Did I do that right?


Just so I'm clear though, that was a joke and this a dumb proposal.
Posted by notsince98
KC, MO
Member since Oct 2012
17952 posts
Posted on 9/23/21 at 2:21 pm to
quote:

Every small business needs to start accepting payment in crypto currency.


Why do you want to hand all that data right into the NSA's hands?
Posted by wareaglepete
Lumon Industries
Member since Dec 2012
10926 posts
Posted on 9/23/21 at 2:23 pm to
Like they don’t have the info already. Come on.
Posted by LegendInMyMind
Member since Apr 2019
53558 posts
Posted on 9/23/21 at 2:24 pm to
This is going to hamper OTer's efforts to obtain a million dollars in 24 hours.
Posted by danilo
Member since Nov 2008
20062 posts
Posted on 9/23/21 at 2:25 pm to
Bank accounts are white privilege
Posted by September 1948
Member since Jun 2018
2133 posts
Posted on 9/23/21 at 2:30 pm to
I can't help but think if we see theirs that would be very surprising.
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41059 posts
Posted on 9/23/21 at 2:32 pm to
BitCoin isn't the same as a CBDC. It currently can't be traced or inventoried. Cash would also be acceptable.
Posted by c on z
Zamunda
Member since Mar 2009
127370 posts
Posted on 9/23/21 at 2:36 pm to
Doesn’t this already happen with deposits over $10,000 or something? If so, what’s the issue?
Posted by Jones
Member since Oct 2005
90442 posts
Posted on 9/23/21 at 2:36 pm to
quote:

Every small business needs to start accepting payment in crypto currency


Yea those are easily monitored also
Posted by GreatLakesTiger24
COINTELPRO Fan
Member since May 2012
55547 posts
Posted on 9/23/21 at 2:37 pm to
quote:

Doesn’t this already happen with deposits over $10,000 or something? If so, what’s the issue?

not that i necessarily agree with this happening for 10k, but do you really not see the difference between 600 and 10,000?
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