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Tuesday, September 14, 2021

Biden's Total Financial Surveillance

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.
-Rurik

*****

If this passes, I'm seeing a whole lot more cash transactions and a lot less ordering online.

23 comments:

  1. Replies
    1. Then we'll like see a barter system develop, or we'll go back to using gold, silver, and copper as a means of exchange, such metals being outside the surveillance systems of the feddle gummint. It will be the black market across the board.

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    2. "we'll go back to using gold, silver, and copper as a means of exchange"

      Gold? Yeah, like we won't mandate the surrender of all the shiny stuff. Again.
      - Zombie FDR

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    3. For the time being, those preloaded Visa cards, hell, gift cards, like the the scammers always want, will work in place of cash. Theoretically, at least. You can buy them at the Customer service counter, where they dontake cash.

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  2. We use cash a lot for grocery and local purchases. Lately, the local Wal-Mart has only one open register and a large corral of self-checkout stations There are almost no self-checkouts which will take cash and they aren't easily located. There will be a big line at the one manned register. The paranoid part of me suggests that this is the beginning of the move to a cashless economy where the gov has control of
    everything. Not just my 401k.
    Sam's also encourages self-checkout by not having many registers open.
    This may also a generational think. My Gen-x son never uses cash. He uses a debit card for everything.

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  3. The next step will be restricting or banning cash transactions.

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  4. they just want to steal all of your money, that's all. who would have a problem with that ?
    either they want to give it away to someone who never worked for it or blow it on some stupid
    pet project or another. these clowns think they have the right to rule us.
    and it never going to stop either. unless we stop them. and that will be messy at best.
    think middle ages, that's what they want the power of kings to decide life and death over us. and if you think of all the other shit they gotten away with,,,
    for all intents already, there are two sets of rules in this country. as george said, it's a big club and we not in it.

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    Replies
    1. The government would never agree that it was "your" money to begin with. They think it's all theirs, and they just allow you to have some.

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  5. The plan includes the COMPLETE end of cash. ALL transactions will be digital, tracked and taxed.... MULTIPLE TIMES.

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  6. Barter. Trade goods & services for goods & services. Granted you can’t do that for everything, but there’s a huge chunk of life that you can.

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  7. And we used to laugh at Asian-Americans eschewing banks and keeping 55-gallon Rubbermaids in their attics and basements.

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    Replies
    1. I knew a guy who did that, now I do the same thing with my pocket change. Zincholns go to the penny try and United States money + copper pennies go into my collection.

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  8. Reloadable, no name cash card where you must use a card. Ditto for phone; throwaway. And then patronize stores that do take cash, if you care that much.

    There's a very good reason to use cash: when you pay, you feel the pain of spending.

    And, sure, being terminally paranoid I do see the problem of having every single transaction tracked. Too much power/info for the nannies who want to control every second of your life.

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  9. If they have nothing to hide, then how about if Janet Yellen gives me her credit card number? Just about as stupid as me giving the feed free reign into my life and background.
    The hell of it is, the fuckers just don't get it.

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  10. This is why Crypto Currencies come into being. While not completely anonymous, BTC is an easy way to hide, and other types are completely untraceable. You can buy stuff online in many different ways, even just buy gift cards that people don't want, then use them to purchase items off Amazon.

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  11. Well where da fuk am I going to swipe my card at the strip club?!?! Asking for a friend....

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  12. These fucks are starting to piss me off

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  13. Criminals though, e.g. the Grope House and Congress, will be excluded.

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  14. The bureaucrats would love to track every purchase you make. Imagine what the nanny state would do if they knew exactly how much alcohol you were buying or gasoline (can't create too much carbon dioxide because CLIMATE CHANGE) or potato chips or red meat instead of tofu or veggie burgers. The ultimate goal would be to regulate everything you eat and everything you buy because climate change/water depletion/soil depletion/healthcare costs, etc.
    Al_in_Ottawa

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  15. "If this passes, I'm seeing a whole lot more cash transactions and a lot less ordering online."

    Ooooh. I'm gonna have go ahead and ahhhh...disagree with you there. We're gonna ban cash.
    - Bill Lumbergh, IRS department head

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  16. I don't see anyone talking about this, so thought I'd chime in. In America, at the end of 2022, the US govt via the US treasury, the IRS, and the US Federal Reserve will be rolling out the American Digital Coin, the CBDC. It will replace all physical money in America and around the world. This is fact, and another success in the implementation of the great reset. You know, to fight racism and inequality and conservatism, and whatevery the DemTards have lately declared as a 'danger.'

    ReplyDelete

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