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 $10,000.
This brings to mind the FBI raid under former FBI Director Comey of a small Texan Conservative political gathering back in 2015. Agents confiscated electronics and forcibly fingerprinted all 60 people gathered at the meeting. Now let’s just suppose for a second that they found any evidence of unreported wealth during the raid. You better believe they’d have seized-up all the assets. This is a very real possibility unfolding before us right now since the Senate just passed this bill.
The government is even going to start throwing people in prison if they find out folks haven’t been reporting ALL of their assets. How long would you guess the minimum federal sentence would be for failing to report assets not held in a back? Here is a hint. It’s about double the average time handed for 1st-time rape offenders. Find out more about this freedom infringing bill and how it gives the government the right to start wiretapping private citizens on the next page.
If this is even close to true, a lot
of bad things would happen to people trying to enforce these laws. And they would be rightly so as the Government has no right to know if they stash money in their homes or not,let alone This sounds more like Hillary’s Version of Liberal America!
“Hillary’s version”? It is a Republican sponsored bill (Cornyn and Grassley). Also, it has not been passed by the Senate, it has been referred to committee. https://www.congress.gov/bill/115th-congress/senate-bill/1241/text
The fifth amendment says you don’t have to rat on yourself!
Stop worrying about a communist takeover in the USA – it’s already happened
This is BS. And you think your free. Just try to take ,5 grand in cash out of the bank and see what you have to go through.
Suck it
They can kiss my fleshy human$#%&!@* They already know I have it because I paid taxes on it. Whether I keep it in a bank or my mattress is irrelevant.
Nazism at it’s finest…
This sounds like f**e news to me.
I think this article is leaving out key details. If you receive cash payments of $10,000, or more in a business transaction you’re required to fill out a form. Also if you travel across the border, you can’t do so with more than $10,000.00. I don’t see anything that says because you have $10,000 or more in cash at your home, you are breaking the law.
I think this article is leaving out key details. If you receive cash payments of $10,000, or more in a business transaction you’re required to fill out a form. Also if you travel across the border, you can’t do so with more than $10,000.00. I don’t see anything that says because you have $10,000 or more in cash at your home, you are breaking the law.