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.
Why, when money in the bank earns very little,,i like to keep a grand or so stashed in case i need it.
F**e. SN 1241 has only been read and referred to judiciary for action, it has not passed anything. In addition, it does not say anything about hiding money in your mattress….and just how would anyone know that unless you told them…….
Not gonna do it. Wouldn’t be prudent!
Isn’t this the United States of America????????????
i am lucky to have $50 in cash.
They’ll never find out lol
How the hell you gonna enforce that one, going door to door searching each home???? Just stupid…
Greencard holders are not citizens and therefore are not required to report assets? That’s awesome lol
f**e
Well , we the people demand to know where all their hidden funds are also … you know , the $$ they are taking from the special interest groups and sending to hidden accounts overseas .