What are the nazis up to now ??

San Francisco CA

Description

Roughly 90 years ago, soon after being named chancellor of Nazi Germany, Adolf Hitler began his purge of opponents (mostly Jews) by tracking their monetary assets at all German banks. It was the beginning of a process that led to the murder of more than 6-million Jews, among millions of others, as once the Nazis tracked assets, they easily were seized — in this instance, with the forced aid of businesses (banks), coerced by a dictator and his bureaucratic cronies. Oddly, it appears this practice is coming to America, courtesy of President Joe Biden. Call it “Financial Fascism.” In a nutshell, the Biden administration is wanting all banks to report to the Internal Revenue Service (IRS) any transaction in or out of any account in excess of $600. Make a house payment? The government knows. Make a car payment? The government knows. Withdrawal money for a vacation? The government knows. Loan $600 or more to a family member in need? The government knows. Deposit a check for $600 after selling your couch? Yes, the government knows. I think you get the point. But the greater point is that this is a terrible intrusion into people’s lives and essentially makes their bank - even your bank - an arm of the IRS. Yes, it mirrors the practice of the Nazis that began in 1933. Only difference is, all of us are the 'Jews'. Above that, it adds onerous reporting requirements (and costs) upon banks, while flooding the IRS with nonsensical, overburdensome information (also at a payroll cost to you, the taxpayer) for which both entities likely are totally unable to handle. To be specific, the proposed budget for fiscal year 2022 would require banks and other financial institutions to report to the IRS on the deposits and withdrawals of all business and personal accounts with a balance of more than $600. It’s almost comical..... Problem is, it’s real. Very real. With the current state of Congress with Pelosi in charge, this legislation is likely to pass. Instead of a fishing expedition that infringes on the privacy of bank customers and occupies resources that could otherwise be focused on serving local communities, you would think our elected federal legislators could see the many levels of trouble with this budgetary proposal..... Let’s hope they do. Over the next few weeks, take a few minutes of your time and research the issue. Point is, the Biden administration wants to track your dollars. Every dollar. Just like the Nazis did. Let that sink in.