The IRS is ready to peer into your purse or wallet. Well, at least your bank account.
Bien’s $3.5 trillion dollar bill includes more than spending. It is a blueprint for the economic restructuring and a wholesale shift in our priorities. It sets the stage for a move away from an entrepreneurial, capitalist, free society to one dedicated to reallocating wealth, distributing assets based on sex and skin color, and ensuring equality of result rather than opportunity.
The Biden Administration announced this change in federal policy in its first few days. They said their goal is equity (equal results) in federal programs rather than equal opportunity. The former is socialist dogma; the latter is the basis of a free constitutional republic.
It is hard to think of a change in policy that could be more important.
Washington is also determined to spy on your personal, private financial matters. The legislation contains a provision that will give the IRS access to your bank accounts if they involve an annual aggregate amount of $600 or more. (Many Americans spend more than that each year oncoffee.) The IRS would not need to get a warrant, court order, or show probable cause. If they want to look at the credit union accounts for your son Trip, Aunt Doris, and your dad’s best friend’s gardener, they can.
Treasury Secretary Janet Yellen says she doesn’t consider this an invasion of privacy. Apparently, she doesn’t know the definition of the term. For more detail, see here.
The same administration that wants you to believe they are only interested in going after rich people wants to see the finances of essentially every person in America. Do you contribute money to the church or Salvation Army? Team Biden will know. Do you smoke, drink a lot, or have weed delivered to your front door? They will know. Do you have an account with a porn site, buy things from Frederick’s of Hollywood (if they still exist), or collect posters of Hillary Duff? They will know.
Yellen says they need this information because too many billionaires aren’t paying enough in taxes. It is hard to decide what is worse: the fact that they lie or that they think we are too stupid to know it.