This is not targeted at the “wealthy.” This is intended to harass people on the low end of the scale. 10,000 per year is the threshold. People move money into checking accounts, and out of them, for many reasons. Savings to checking. Buy things. Send money back to savings.
This is to criminalize ordinary people and keep them scared under fear of a visit from biden’s gestapo.
But don’t worry. It’s only the first step. Second step is to eliminate cash. Then it’s total government control over finances (except those of members of congress and their sugar daddies who pay them to pass certain legislation).
The left is crafty. It knows how to turn this country communist without the folks becoming aware of it.
Yep. Salami tactics.
Note that the administration has submitted a candidate for Comptroller who is an outright communist (PhD dissertation on why Marxism is superior to capitalism).