This is unreal. I can’t imagine how businesses can be expected to comply.
These are pieces of a giant puzzle. All these huge pieces of legislation contain parts of the puzzle. The bailouts had the electronic health record thing in it...long before the health care bill was a blip on our radar screen. Inside the health care bill ...tax reporting reforms using the 1099. What's inside the financial reform bill?
There will be absolutely nothing that doesn't get tracked, taxed, documented. I am wondering how they will follow cash?
Even my micro-enterprise will have to be issuing 1099s to my printer. The $600 figure captures even the smallest of businesses in one form or another.
So, the guy who cuts my lawn...that I've paid in cash for years...will now need a 1099 from me. We have no written contract, it is a handshake, old fashioned way of doing business.
They don't want you to:
“Did you really think we want those laws observed?” said Dr. Ferris. “We want them to be broken. You’d better get it straight that it’s not a bunch of boy scouts you’re up against... We’re after power and we mean it... There’s no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren’t enough criminals one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What’s there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted – and you create a nation of law-breakers – and then you cash in on guilt. Now that’s the system, Mr. Reardon, that’s the game, and once you understand it, you’ll be much easier to deal with.” - Ayn Rand, ‘Atlas Shrugged’ 1957
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