The IRS wants all bank accounts over $600 to be reported ??

$/€/¥ 0.01 and above, is in the system by default. Always was there & will be.

Alternative ways to avoid that leads to corruption.

Ain't nobody gonna change gold for the fish like 2000 BC. Toilet paper would have more value by then.
(,,Fiat stops working")

So it's obvious that any attempt to hide ones wealth (in a western society) is not due of the fear mentioned above (apocalypse/you name) but due personal, selfish, corrupt reasons.

Ironicaly, same thieves/fools are the ones destabilizing the society and creating self fulfilling prophecy.

$600 and riots in the streets. Jesus Christ. (Smiles)
People had enough of stimulus checks to cover that 6 times (?)
 
newwurldmn said:
It’s the IRS enforcing the already implemented law.


If you thought it was unjust you should have voted against those politicians before they passed the tax law that supports this action.

you used the word “tyranny” and talked of revolutions. Maybe you shouldn’t call every law you don’t like as “tyranny” and compare it to slavery.
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I voted against everyone of them . Every time...I'm not talking revolutions...you are trying to paint me as a violent insurrectionist because I don't agree with the level of taxation we have. It must be just easier for you to meet see me as somebody who is completely irrational and associated with trumpism and fervent nationalism or something I don't know I don't understand you man here you are in a trading for him saying everything that is sort of anti-free market and claiming anybody that disagrees with you is some kind of terrorist.. I advocate for the free exchange of ideas and I am a pacifist. There are non-violent means to change the world through the free market of ideas I believe in the long run it will be better for us not to have a monopoly of violence and overlords to force other people's views on us and we don't need taxation to fund every little thing little thing in our life. Why are those people that are in charge any less selfish than we are.. why are those people that are elected any better than us in deciding what's good for us . It's self-defeating it does not make any sense we are ruled by people that have never seen our face the government is completely centralized from the days of our founders the entire Constitution was to block this and it seems that you're a constitutionalist. So you have to read into the Constitution and it's intent to block the government from becoming large and overwhelming as it is now..
 
Its sad to see this debate here because I think both of you make excellent points. The amount of division these days is so unfortunate, and I can't help but think the only outcome is a total collapse. Its almost like both sides are right, and there is no way to find a middle ground, so you pretty much just have to fight to the death to see which one wins out.

newwurldmn said:
The only objective line for america is the constitution, the supreme courts interpretation of it, and the laws the politicians we have elected enact.
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With regards to the above point, I think the issue is the laws. When we vote for a politician, we assume they will act in a manner as to make the greatest good for the greatest number. The ways laws get passed these days, through deceit, the way they are slipped into 1000 page bills, and coercion, meaning that all sides of one party must agree or else, isn't exactly what I would say the general public envisions when they vote for a leader.

I doubt many citizens want to give the biggest corporations like Apple and Google some of the biggest tax breaks. Yes, as these CFO's always say, they pay every tax dollar as instructed by the law, but this isn't the type of law most people envision if they got to vote on it specifically. The law is clearly not written these days for the good of the majority, but simply special interest groups.

Its therefore very difficult to accept the rule of law these days when those at the top have clearly rigged the system and are hiding behind that fact it was somehow fair and just and democratic.
 
destriero said:
Looks like ur safe.
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Back when I was growing up, that sort of remark was called a Zing!

They have snack cakes now that encapsulate the idea.

zinger.jpg


A Frosted Twinkie made with pound cake? Irony!
 
destriero said:
Looks like ur safe.
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NoahA said:
Its sad to see this debate here because I think both of you make excellent points. The amount of division these days is so unfortunate, and I can't help but think the only outcome is a total collapse. Its almost like both sides are right, and there is no way to find a middle ground, so you pretty much just have to fight to the death to see which one wins out.


With regards to the above point, I think the issue is the laws. When we vote for a politician, we assume they will act in a manner as to make the greatest good for the greatest number. The ways laws get passed these days, through deceit, the way they are slipped into 1000 page bills, and coercion, meaning that all sides of one party must agree or else, isn't exactly what I would say the general public envisions when they vote for a leader.

I doubt many citizens want to give the biggest corporations like Apple and Google some of the biggest tax breaks. Yes, as these CFO's always say, they pay every tax dollar as instructed by the law, but this isn't the type of law most people envision if they got to vote on it specifically. The law is clearly not written these days for the good of the majority, but simply special interest groups.

Its therefore very difficult to accept the rule of law these days when those at the top have clearly rigged the system and are hiding behind that fact it was somehow fair and just and democratic.
More...

The best posts so far on this thread.
 
Currently the IRS doesnt have direct access to your bank account. They know how much interest you made and thats about it. If they investigate you they can certainly access your accounts and they can pretty much do that whenever but they usually have a reason. With this bill, its automatic.
With this plan the IRS automatically gets access to your accounts irregardless of anything you may or may not of done. The IRS now automatically knows you just bought a tv or a new suit which is a total invasion of privacy. I dont want the IRS knowing what I buy, do you??
Further, if you venmo your child money at college, the IRS will then know and can even issue your child a w2. Is that what we want? Wtf!!
Biden also wants to greatly increase the size of the government by hiring 65000 more IRS agents. The democrats appear to be scrambling for various ways to pay for all of their entitlement programs. Do you have any idea how many false red flags and uneccesary audits this will cause? Plenty !!! Every honest tax payer can be vulnerable and no one wants to have to deal with an audit and walk on egg shells every time they make a deposit or a purchase.
Hardworking people should vehemently oppose this.
 
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brass_trader said:
Do you have any idea how many false red flags and uneccesary audits this will cause?
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They aren’t “false” red flags. It’s so they can bring Lois Lerner out of retirement to use the new doubled in size IRS to selectively target donors or political opponents of the ruling party. Without any warrants or cause, like they have now for IRS investigations.

They can already get all this stuff by asking your bank if you’re under investigation, so the only conclusion is they want it in advance in order to decide who gets investigated.
 
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