Along with making OSHA the enforcement arm of his new vaccine mandate for any company with 100+ employees, the current administration (Treasury Department) seeks to make the IRS spy on every financial transaction you make.
The Treasury Department made the proposal in May 2021. The Senate Finance and House Ways and Means committees could adopt it as part of budget reconciliation legislation they are considering.
Under the measure, financial institutions would be required to annually report gross inflows and outflows from all business and personal accounts — including bank, loan and investment accounts — if the inflows and outflows of an account total at least $600 in a year, or if the account has a fair market value of at least $600.
So, for example, if you had at least $600 in your bank account, the bank would be forced to report the amounts of any debits or credits to that account to the IRS. If the debits and credits that flow through the account add up to at least $600 — including deposited paychecks or electronic payments through smartphone apps tied to the account — those totals would have to be reported, too.
The American Bankers Association opposes the measure,
"The proposal would create a significant burden on small businesses and community banks and add no discernible value to tax enforcement," the group said in a Sept. 7 letter to the House and Senate committee leaders.”
Biblical Implications The Bible predicts that the day is coming when all buying and selling is under the control of a neo-totalitarian central power. In order for this to happen, the free markets of the world must be eliminated and a meritorious system of commerce based on false religion will be in place (Revelation 13:4, 12, 15, 17).
I am not saying that this Treasury Dept. proposal is the epitome of Revelation 13 (Rev. 13:17). I am saying that it is a significant potential step in that direction. How do you see it?
Some Adventists will defend this proposal, due to seeing themselves as democrats first and believers second. Some will object to this proposal due to seeing themselves as republicans first and believers second. Neither of these approaches satisfy me.
We should be Bible-believing Adventists first and last. This perspective will help us shun political questions and rightly discern the times we are in. And they are ominous and inspiring times.
“That no one may buy or sell except one who has the mark or the name of the beast, or the number of his name” (Revelation 13:17).
probably are already doing this. usually when it is in the press, it is a done deal.
Agree - then they backdate it to make it "legal."
Aaron Russo predicted similar financial control by chipping - https://yewtu.be/watch?v=N3NA17CCboA&t=1245s (about 20:45 - 22:00)
Will never happen, the technological hurdles will cost hundreds of millions just to implement, just the cost in data storage makes this proposal unrealistic.
The Dumb Cunts in DC don't know a calculator from their asshole or that the calculator is worth more than they are. And I'm talking cheap Chinese calculator, not even a fucking abacus.
These fuckwits don't understand how many banking transactions happen, and how many resources it will take to keep track of ALL of them. Stupid old fucks, simply don't understand it's hard enough to keep track of the financials of a handful of people, let alone the whole country.
the technological hurdles will cost hundreds of millions just to implement, just the cost in data storage makes this proposal unrealistic.
I don't see this as an impediment to them.
1) Funding is never a problem when it's something they want
2) The manpower would be minimal bc it's basically just computerized data collection and analysis
3) Banks already keep records of every transaction. It's merely a matter of uploading the data to the IRS.
It's merely a matter of uploading the data to the IRS.
You need data centers for that, one large data center consumes as much energy as 120,000 homes. Sure the government has unlimited money, but not unlimited manpower. For every person they focus on 10,000 more slip through the cracks. You put too much faith in the all seeing eye, in fact it's quite myopic.
I don't believe it's an "all seeing eye" - I believe it's a way to selectively target people that "they" don't like.
"The proposal would create a significant burden on small businesses and community banks and add no discernible value to tax enforcement,"
Yeah, no shit! This isn't about creating or retaining any sort of value at all!
This is just part of their revenge on us citizens. They literally told us they were going to make us pay dearly for 2016-2020, and they're now making good on that promise.
This is all part of the plan for a social credit score. If they control your finances they control you.
https://www.citizensjournal.us/americas-vaccine-passports-and-chinas-social-credit-system/
100% - and give them the means to deduct any monies they think we owe.
(post is archived)