It will be implemented thru the newly established vehicle, the Bureau of Financial Protection completely housed within, and under complete control of, the Federal Reserve. Watch.
Every move will be archived by the Bureau for the avialability to the IRS. Sooner than we think, money will be deducted and accounted for directly as you buy or sell anything in real time.
We have been placed under the control of the Federal Reserve as individuals through our bank accounts, credit-debit cards, etc. The move is a form of disenfranchisement as we are only required to comply. Our political representatives in Congress are no longer available for redress. We have been outsourced to the Fed Reserve for its purposes.
The sort of fundamental shift that you describe can only lead to revolution. The ruling class elites have already caused the populace to explode in a civil rebellion with their decades-long transgressions against the Constitution. They're going to push it over into a hot rebellion with tyrannical moves like this one.