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.

MORE

-Rurik

*****

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