A new Senate bill will start forcing citizens to report cash and other assets not held in banks. This bill is stated to combat terrorism and money laundering. But is it? It seems to most like just another government attempt to steal assets and raise revenue for social programs as this bill will give the government the authority to track assets and seize them should an individual fail to report independently held assets exceeding $10,000.
This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill.
The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page.
It is none of their damn business how much cash I have and where.
This is just another way to steal from the American people. I have little to worry about since I live on Social Security have to live pay check to pay check. I am sure they will find a way to steal that also. They have already stolen $2.85 Trillion that they say was “borrowed” by the Federal Government. Nothing left in it but IOUS.
Stig O’Brien
Eric Patches Torance
No, this is not right.
In Texas we get our paychecks in our hand if we want. My US disability check comes to my mailbox so please be very quite.
You actually don’t think an American private citizen is going to tell you how much cash they have on hand get a different life idiot it’s not going to happen.
I’ve Brennan saying that for years. If i knew where all my tax dollars ended up in legit useage I could swallow how much I pay. I’d bet my soul half goes to waste fraud and abuse
So are they going from house to house to look under the mattress?
I’ve been saying that for years. If i knew where all my tax dollars ended up in legit useage I could swallow how much I pay. I’d bet my soul half goes to waste fraud and abuse
Paul L. Papke —That sounds nice and easy until you realize that you may have to trade with 5 or 6 or more people to get what you needed in the first place and if you throw labor into the mix it becomes very time consuming. And that’s just for the first item on your list. Plus with no standard of value, the value of goods and services is entirely subjective. It doesn’t take long to see just how cumbersome the barter system is. Also, with no medium of exchange (cash) how do you barter for something not local? Just think of all the things we use money for now and try to plug that into the barter system and you’ll realize how overburdening it will become. Even with only the basic necessities of life, food, shelter, and clothing, the barter system is hopelessly unwieldy.