Joe Biden wants to spy on your bank account
American Thinker,
by
Monica Showalter
Original Article
Posted By: Magnante,
5/24/2021 7:55:31 AM
Joe Biden wants to know what's in your bank account, and he'd like to keep watching.
That's the alarming issue Reason magazine has explored, noting that buried deep within Biden's much-touted tax-hikes-for "infrastructure" American Families Act unveiled last April 28 is a sneaky Democrat plot called the American Families Tax Compliance Agenda. That will force the IRS to hire 87,000 new IRS agents, all of them armed with vast, new and expanded surveillance powers.
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
Reply 1 - Posted by:
PChristopher 5/24/2021 8:02:15 AM (No. 795087)
Another step towards confiscation. I wish I had a nickle for...what a minute...I USED to have a nickle...that was before the Commucrats assured everyone that only "The Rich" (However you define 'rich') would be effected.
12 people like this.
Reply 2 - Posted by:
Strike3 5/24/2021 8:13:38 AM (No. 795101)
The IRS already has that capability, they just don't have all of the extra bean counters to systematically track it. When you forget to include the $1.98 you made in interest last year, the letter will soon be on the way and they will spend $20 to make sure you pay up.
18 people like this.
Reply 3 - Posted by:
bpl40 5/24/2021 8:14:55 AM (No. 795104)
ALL American bank accounts is just an excuse. It is the Republican donors that they will target first. If you gave a four figure donation to the Trump or Republican campaigns you are probably already on a list.
21 people like this.
Reply 4 - Posted by:
Lawsy0 5/24/2021 8:19:29 AM (No. 795108)
Xiden is creating jobs. That's 3 little letters: JOBS. That'll be 87,000 new IRS agents. Maybe some of those out of work police officers could do it.
12 people like this.
Reply 5 - Posted by:
TLCary 5/24/2021 8:31:36 AM (No. 795122)
Odd, they already have Hunter Biden's laptop in evidence and he hasn't been charged with anything. If they are never going to do anything we massive troves of evidence, then why would they want even more?
Yeah... we know.
22 people like this.
Reply 6 - Posted by:
udanja99 5/24/2021 8:37:00 AM (No. 795126)
Who didn’t see this coming? For years the demonrats have talked quietly about taking peoples’ IRAs and other investment accounts. So why not go after their checking and savings too?
14 people like this.
Reply 7 - Posted by:
chumley 5/24/2021 8:55:13 AM (No. 795143)
They have been doing this for a long time. Try taking 5k out of the bank. The IRS knows about it before you get home. The bank is required to report any suspicious transactions and all transactions over 5k (I think). It is a crime for them not to. It was all under the guise of fighting the drug dealers but like all other infringements, it crept to where it hurts everyone.
14 people like this.
Reply 8 - Posted by:
terrywhite 5/24/2021 9:14:17 AM (No. 795161)
And this confiscatory policy is why I became a conservative. When I was a young man just starting out I couldn't buy a house and provide for my little family because of all the taxes taken out of my pay to be given to others who wouldn't work. Why are the Democrats so afraid you might get to keep even a little of what you've earned?
21 people like this.
Reply 9 - Posted by:
Hermit_Crab 5/24/2021 9:20:52 AM (No. 795170)
** Joe Biden wants to spy on your bank account **
Of course he does.
How else is he going to know how much to take for his "10% to the Big Guy", and the 90% for the Big Government.
19 people like this.
Reply 10 - Posted by:
wakeupcall 5/24/2021 9:31:03 AM (No. 795174)
With the Marxist Communist democrats and republicrats GOPe, it is only a matter of time if they are allowed to get away with rampant vote fraud before America will become just like all other communist countries where government owns everything including all businesses. That, or like Cuba when the Marxist Communist politicians of America opened Cuba up to American business ventures if Fidel would be in agreement. Fidel told them it would be acceptable, however, all American businesses in Cuba would have to issue two paychecks for their employees, one made out to the employee for 5% of their earnings, and one made out to the Cuban government for 95% of the employee's earnings. Either agree to those terms or Cuba would own 100% of the Cuban portion of American businesses allowed to operate in Cube. This is the same plan they have for American citizens in America as that is what Marxist Communism is.
We are now living under a dictatorship created by a massive vote fraud perpetuated by the Marxist Communist democrats and comrade republicrats GOPe.
As Senate Majority by 1 vote Schumer told the republicans who are not republicrats GOPe, join us in ruling America the way we want to or, we will rule America by ourselves.
11 people like this.
Reply 11 - Posted by:
Mizz Fixxit 5/24/2021 9:39:58 AM (No. 795180)
Physical gold and silver acquisitions are a personal account that banks and the government cannot spy on. Buy retail from coin shops. Pay cash. If you sell, do so in black market to avoid capital gains.
11 people like this.
Reply 12 - Posted by:
Nimby 5/24/2021 9:50:48 AM (No. 795197)
Let's begin with Hunter, Joe, Jill, Kamala and Doug's accounts, shall we?
11 people like this.
Reply 13 - Posted by:
MDConservative 5/24/2021 10:35:05 AM (No. 795242)
Well, don't we want to catch all those rich crooks, starting with the Trump family? America will approve, so long as it's the right rich people punished at the beginning. They need 87,000 agents to do the work a computer can do...if they so ordered. The good news is that most will have no idea that 2+2=4.
4 people like this.
Reply 14 - Posted by:
mc squared 5/24/2021 11:06:44 AM (No. 795273)
Whatever happened to the 40,000 new IRS agents Obama hired to ensure compliance with Obamacare penalties?
8 people like this.
Reply 15 - Posted by:
stablemoney 5/24/2021 11:17:58 AM (No. 795294)
The IRS and its agents are morons. Their computer programs may pick up deposits to checking accounts, but cannot determine that they may be loans, or simply transfers from another checking account that you have. What this is going to generate is a bunch of waste of time audits.
4 people like this.
Reply 16 - Posted by:
Muguy 5/24/2021 11:27:25 AM (No. 795307)
Another great column by Monica Showalter!
They not only want to "soak the rich", now they are coming after John Q. Public.
The "rich" have lawyers and accountants who help them skirt through the proper on-the-books laws to avoid paying high taxes.
Everyone else is going to be shaken down,
If there was a flat tax or the "penny plan" or the one Herman Cain was supporting?
Or how about the Ray Stevens plan called "If 10% is good enough for Jesus then it ought to be good enough for Uncle Sam"
https://www.youtube.com/watch?v=Wrnvfy2RJ0g
7 people like this.
Reply 17 - Posted by:
DVC 5/24/2021 1:26:43 PM (No. 795410)
They can't control you if they can't control your money. Totalitarians always seek to control the money.
When I traveled in the former soviet states for business, I was friends with a guy who had become very wealthy as a black marketeer in the soviet times. I was a bit appalled at the admission of being a black marketeer, until I found that he made gum, candy and fine crystal glassware for the black market. Not exactly a gun runner.
In any case, his biggest headache was that the soviets would change the currency every so many years, and you could only exchange a certain, fairly limited amount of 'old rubles' for the 'new rubles'. He showed me a couple of 12" x 12" boxes, four or five inches deep packed with what first looks like weird Monopoly money in bright colors.....millions of dollars worth of old rubles which had become worthless when the commissars forced a change over, and there was no way to make the change of that large a quantity. He had managed to greatly exceed the allowable change over by bribing, but couldn't get all of it swapped, literally lost millions.
Totalitarians know that you can control people if you control the money.
Soon enough, I expect them to start to eliminate paper money entirely, all the better to totally control you. Disagree with the Thugs In Charge? Vote for the wrong candidate? Refuse to wear your mask? Zero your bank account. You'll starve.
6 people like this.
Reply 18 - Posted by:
EJKrausJr 5/24/2021 2:07:37 PM (No. 795442)
Biden has a problem with the 4th Amendment as well as the 1st and 2nd. What part of "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated ...." does he not understand?
5 people like this.
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