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.
The reason is that if your $$$ is in a financial institution, it can be electronically removed by the Feds…and that’s what they want Not so if it’s ‘stashed’.
Does yhat mean they will report all privste cash????? I seriously doubt it. VETO
Thieves and robbers!
An ancestor wrote in 1896 that “every time the government passes a law we lose one more freedom”. How right he was.
Are they going to go after their selves! They have more cash and stashes then we do!
Senators are citizens as well, correct? Or is this another rediculous law they exempt themselves from like nObamacare?
Has anyone fact checked this ?
They can kiss it.
Not
does that include politicians?