IRS would track all bank transactions over $600 under Biden plan; businesses revolt | Poal: Say what you want.

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IRS would track all bank transactions over $600 under Biden plan; businesses revolt (archive.ph)

I don't want this kind of regulation to be implemented for the simple reason that it's not about catching tax cheats - if you've got $600 in an account you're a very bad tax cheat.

But....

Businesses wanted Anyone But Trump. Biden was Their Boy. He said he was going to do shit like this, now he is. I want these businesses to suffer, to pay for their hubris. You wanted Biden, guess what. You got Biden. And his regime is anti-personnel at it's finest.

I don't want this kind of regulation to be implemented for the simple reason that it's not about catching tax cheats - if you've got $600 in an account you're a very bad tax cheat. But.... Businesses wanted Anyone But Trump. Biden was Their Boy. He said he was going to do shit like this, now he is. I want these businesses to suffer, to pay for their hubris. You wanted Biden, guess what. You got Biden. And his regime is anti-personnel at it's finest.

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[–] • 2 pts

It's a Catch-22. If you keep money in a bank account, Biden's goons would falsely accuse you of undereporting income. If you dont keep money in a bank account, you run the risk of govt goons stealing your money under unconstitutional civil asset forfeiture policies and drowning you in SARs every time you deposit cash to make large purchases or investments.

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[–] • 1 pt

I feel like barter and smaller purchases may become a thing.

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[–] • 3 pts

Every time communist rears its ugly head, black markets become a booming business.

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[–] • 0 pt

Black markets won't have a chance to flourish with the surveillance state we have now, and it will only get more invasive and intense.

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Load more (1 reply)

[–] • 2 pts

Then the IRS shows up and claims your lifestyle exceeds your reported income and demands you prove them wrong or off to jail with you.

The IRS is stone cold evil.

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[–] • 0 pt

They can do that now.

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[–] • 1 pt

Gifting clubs were a thing back in the day.

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