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Biden Wants To Spy on American Bank Accounts

Posted on 5/21/21 at 10:28 am
Posted by blueboy
Member since Apr 2006
65371 posts
Posted on 5/21/21 at 10:28 am
quote:

Biden 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.
quote:

It's how the administration proposes paying for the massive new spending measures in Biden's American Families Plan. The schemes "would raise $700 billion in additional tax revenue over the next decade," according to the American Families Plan Tax Compliance Agenda.
They must have fapped when they cooked this one up. Increased government monitoring, scope and personnel, with massive amount of new money for their endless freebies.

Reason.com
Posted by LNCHBOX
70448
Member since Jun 2009
89129 posts
Posted on 5/21/21 at 10:31 am to
80+ million supposedly voted for this
Posted by TerryDawg03
The Deep South
Member since Dec 2012
17963 posts
Posted on 5/21/21 at 10:33 am to
This came out about a month ago.

Thank the Patriot Act for paving the way.
Posted by Thundercles
Mars
Member since Sep 2010
6135 posts
Posted on 5/21/21 at 10:34 am to
Those people keeping their money under the mattress are suddenly looking a whole lot smarter.

Exactly what our government needed, nearly 100k more IRS employees. Jesus Christ.
Posted by cajunangelle
Member since Oct 2012
167350 posts
Posted on 5/21/21 at 10:35 am to
he is doing this so the real crooks--harris, himself, politicos, rich fat cats that donate to the dems are protected having tax protected trust funds.
Posted by blueboy
Member since Apr 2006
65371 posts
Posted on 5/21/21 at 10:37 am to
quote:

Those people keeping their money under the mattress are suddenly looking a whole lot smarter.

Sure, until cash is abolished.
Posted by nola000
Lacombe, LA
Member since Dec 2014
13139 posts
Posted on 5/21/21 at 10:41 am to
Our house will be paid off next year. I've been hammering my wife for years now that as soon as that's done, we will never bank again. We're going straight cash. Learn from those that have lived in crumbling societies. Follow their lead.

Come at me, bro.
Posted by Froman
Baton Rouge
Member since Jun 2007
38909 posts
Posted on 5/21/21 at 10:41 am to
What an incredible breach of privacy. This is 100% why I rarely vote Democrat. The frickers want complete control of your life.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
68544 posts
Posted on 5/21/21 at 10:43 am to
quote:

Biden Wants To Spy on American Bank Accounts


No he doesn't...he doesn't know what day it is.....the Deep State wants to do the spying
Posted by the808bass
The Lou
Member since Oct 2012
128778 posts
Posted on 5/21/21 at 10:43 am to
quote:

The schemes "would raise $700 billion in additional tax revenue over the next decade," according to the American Families Plan Tax Compliance Agenda.


Lol.
$70B a year in projected increased tax revenue? At a cost of what? $20B more per year? Government is ridiculous.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98033 posts
Posted on 5/21/21 at 10:44 am to
quote:

This is 100% why I rarely vote Democrat


quote:

Froman



Posted by blueboy
Member since Apr 2006
65371 posts
Posted on 5/21/21 at 10:46 am to
quote:

We're going straight cash.
I assume you mean liquidity? Because cash really is going away. They're already phasing it out in parts of Europe.
Posted by caleb07
Member since Dec 2018
781 posts
Posted on 5/21/21 at 10:46 am to
Rarely? I would never vote for a dem.
Posted by Froman
Baton Rouge
Member since Jun 2007
38909 posts
Posted on 5/21/21 at 10:49 am to
I’m against big government. This quite often puts me at odds with the Dems. It’s also why I was against Trump. He came in pretending to be a Republican then acted like a Democrat.
Posted by Taxing Authority
Houston
Member since Feb 2010
63320 posts
Posted on 5/21/21 at 10:57 am to
quote:

Biden tax plan would cull financial data on masses of law-abiding, tax-compliant Americans.
The ACA already allows this
Posted by Taxing Authority
Houston
Member since Feb 2010
63320 posts
Posted on 5/21/21 at 10:58 am to
quote:

$70B a year in projected increased tax revenue
While spending multiple trillions on "infrastructure"
Posted by skullhawk
My house
Member since Nov 2007
27834 posts
Posted on 5/21/21 at 11:04 am to
quote:

87,000 new IRS employees


quote:

would raise $700 billion in additional tax revenue


this boondoggle will end up costing money
Posted by LSUnation78
Northshore
Member since Aug 2012
14226 posts
Posted on 5/21/21 at 11:06 am to
1) raise 800billion in rev over 10 years
2) spend trillions every year
3)????
4)profit?


Just providing a little insight into the complexity of thought put into this plan
This post was edited on 5/21/21 at 11:07 am
Posted by antibarner
Member since Oct 2009
26714 posts
Posted on 5/21/21 at 11:07 am to
When they figure out you have large amounts of cash they will kick in your door call you a drug dealer or a tax dodger and seize your money.

Once they have it it's nearly impossible to get it back.
Posted by BRUNNIN4
CenTex
Member since Mar 2010
3161 posts
Posted on 5/21/21 at 11:09 am to
quote:

When they figure out you have large amounts of cash they will kick in your door call you a drug dealer or a tax dodger and seize your money.

Once they have it it's nearly impossible to get it back.

But Joe is "presidential" and "moderate" and now eurof@gs respect us again!
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