I clicked the link. The author’s instincts are correct, however he failed to point out to his reader that the entire intent behind this is to be able to control each persons spending. When the economy needs to be “cooled down,” the government can just lock up your accounts and not allow access. When it needs to be “heated up,” then they can make you spend your money or just take it!
Eventually, they can just take it all and give the pleebs an allowance!
And they can make sure they get all their taxes.