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.
GFL….WITH THAT…
Right. …. crooks gonna report privately stashed money. I wonder who’s the target for this law
Will not comply.
Boy I hope they don’t expect Burnie to report his, that would take an army of bean counters a few years to tally it all
the govt.doesnt have to keep an eye on me. I am so broke .
Good luck with that.
Why???????
The cash the trucks are carrying do not belong to one person.
Each bag is from different branches of the banks, businesses etc so they would be exempt from any law.
The trucks are simply transporting the cash from one place to another, not across state, country lines.
What if we withdrew the money from our bank and have the receipts from the transaction? Would they still be allowed to take it and keep it? Are people not allowed to have a “rainy day” fund? Maybe they’re keeping it hidden because they’re saving for a trip and not having it in an account is the only way they can truly save up for the trip. I know I’ll spend the money if I have it in an account. The government just wants to steal from us because they’re not stealing enough already.
It expands the wording on existing law, which was a criminal overreach to begin with. This includes carrying a blank check if the account has more than 10k in it. Tyranny. Plain and simple.