The IRS wants banks to report on transactions as low as $600

[Diamondback]

The bureaucracy isn't going away until we have a president and congress willing to do something about it. These two institutions have been directly responsible for the growth and out of control nature of the bureaucracy. If they won't take it on, there is zero hope of change.

Yeah, and we saw what happened to the guy who tried to prune even a LITTLE, with no support from even his own appointees never mind the other branches.

[Renegade]

Biden wants banks to report to the IRS the inflow and outflow on all personal and business accounts with a balance of $600 or more.

Reporting balances of $600+ is much different than reporting transactions of $600+

[Grand58742]

We need a new president and congress.

No, it goes way further than that.

[Arik]

I simply don't carry mine around anymore. 90% of the time I leave the damn thing in my desk etc....It worked for thousands of years, it's a habit as much as anything and one I'm personally breaking. I use cash for every purchase that I can and regularly make large withdrawals to support these purchases.

I'm about to simply switch to the old flip phone from early 00s

Sent from my moto z4 using Tapatalk

[TomMcC]

Yeah, and we saw what happened to the guy who tried to prune even a LITTLE, with no support from even his own appointees never mind the other branches.

Then there is no hope of it ever changing...at least among men.

[TomMcC]

No, it goes way further than that.

Well of course it goes much further and deeper, but people don't want to talk about what's really wrong with people and presidents and congresses.

[thepatriot2705]

I'm about to simply switch to the old flip phone from early 00s

Sent from my moto z4 using Tapatalk

Millennial here. My coworkers laugh at me when I say I’m switching to a flip phone when my iPhone dies.

Apple pissed me off when they started to use screens that need a specialized piece of hardware to tie screen to motherboard. Right to repair is more important than privacy to me. I know everything I do is tracked. Given my job and current place in life, there’s no way around it but I’m about to say **** it and go off grid. Big tech needs to eat shit

[Honu]

I'm very much wanting to move my banking outside the United States at this point.
I may well end up in the Jungle of the Philippines in the next year or so and I want to avoid as much of this mess as possible.
Anyone have any experiance with this?

Not sure what I think of the youtube channel nomad capitalist but its interesting and agree with a lot he seems a bit odd but good stuff I feel about having options
His tag line is “go where you are treated best”
I might be looking at having a 2nd home in Portugal or something ?

Crypto gov hates cause its hard to control wait till ours cracks down more
World wide real estate etc.

[Business_Casual]

Here’s what’s going to happen: governments want a digital currency so they can control every aspect of your life. If you each too much, they shut down your account, if you travel too much, they cancel payment for the tickets, etc. You get the idea. What is happening in Europe is crime is being used by the government to justify shutting or suspending bank accounts of “suspected” and or “unexplained” sources of money. Next step will be digital currency and the social credit score system.

Keep using cash as long as you can!

[TommyG]

Here’s what’s going to happen: governments want a digital currency so they can control every aspect of your life. If you each too much, they shut down your account, if you travel too much, they cancel payment for the tickets, etc. You get the idea. What is happening in Europe is crime is being used by the government to justify shutting or suspending bank accounts of “suspected” and or “unexplained” sources of money. Next step will be digital currency and the social credit score system.

Keep using cash as long as you can!

Yup. The old "If you are not doing anything wrong then you have nothing to hide line. If you are still using hard currency you must be a criminal."

I thought it would take a lot longer for that push to get here but maybe the success of herding the masses with COVID has them thinking they can move on that too.