Posted on 09/29/2021 9:34:41 AM PDT by RandFan
Sen. Cynthia Lummis, R-Wyo., on Tuesday let loose on Treasury Secretary Janet Yellen over the Biden administration's proposal to force banks to report to the Internal Revenue Service on every transaction Americans make that is $600 or more.
"There are obvious privacy concerns for all Americans here and this represents a dramatic new regulatory burden for community banks and credit unions in Wyoming and elsewhere," Lummis told Yellen of the proposal, which is one of several aimed at helping to pay for President Biden's multitrillion-dollar plans for expanding social programs and fighting climate change.
Lummis said, "Banks will have to hire contractors to rat on their customers," and scolded, "Bank customers are not subjects to the federal government. Banks do not work for the IRS."
The senator suggested Americans would "find alternatives to traditional banks just to thwart IRS access to their personal information, not because they're trying to hide anything but because they're not willing to share everything."
"My question is: Are you aware of how unnecessary this regulatory burden is?" Lummis asked Yellen. "Do you distrust the American people so much that you need to know when they bought a couch? Or a cow?"
Yellen told Lummis she disagreed with the senator's assessment, suggesting that Lummis might misunderstand the proposal.
(Excerpt) Read more at foxbusiness.com ...
Not if you participate in oath breaker/2%/Pride Boys activities.
Won’t feed the false narrative. Nor provide specifics.
Do you have investments, pension,IRAs, checking account (obviously internet activities)? So aren’t you equivocating?
My oath to our constitution is not license to rage stupidly, but rather to appeal to the nation for redress.
The founders had exhausted every course before declaring themselves politically independent, then the King started the fight.
The DOI sets the standard. We are not there.
Despite the bad news, lawlessness bad policy and amorality of
the population in general....
Of course some will argue that the very process of election of representation is pirated. May be.
Still not there.
Keeping my powder dry.
Regards
I never suggested such. The implications of such a thing would be to our detriment, in my opinion. What I have oft suggested, however, is that it's time to divest ourselves of the tools of the tyranny.
As I mentioned before, its going to take sacrifice at this point, but that doesn't necessarily mean blood, yet. As you point out, we are not there yet. We are, however, at a point that we (including me) must decide whether we will accept peaceful slavery under the State's system, or will we pursue freedom, regardless of the monetary sacrifice we'll need to make.
Agreed.
I know it is difficult to watch elections seemingly tilt askew from what our perceptions tell us. I believe the media is the grand culprit. Disinformation, obscuration and plain deception, not reporting...
Ah, that elite and tiresome 4th estate! What will be needed is a 5th column....
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