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.
Never!
I don’t have any but that is government overreach to say the least !
B S F**e News
Just once I would like to see a sane conversation on here without all the childish name calling. We can disagree but can’t we keep it civil?
Why they paid taxes on it when they earned it. The Senate is becoming a bunch of idiotic thieves. Once they get it home it’s none of your business.
Saying “childish name calling” is pretty much childish name calling.
That’s exactly what I am talking about
This is totally wrong. Besides if you keep emergency cash, since it is cash, how can tje government even know what you are holding.
Government already gets enough of our money.
One of my biggest beef is you pay taxes on money you have earned. Then again you pay for interest on savings you have already paid taxes on.
I understand the interest is also earned money so to speak but still look at it as double taxed.
This bill is absurd. Is the government going raise the FDIC insured amount on deposited money that has to be put in the bank to the amount of money that actually is in the account if this bill is passed? Any amount over $250,000 would be lost the way it is now.
Get a gripe dude!!!