Jackson Jambalaya

Right now the amount is $10,000 plus a penny.

If you go to the ATM and withdraw $750, you don't have to state a reason for needing the $750 cash.

What kind of person would object to the beneficent government monitoring their financial/spending information?

You want FEMA trailers when the storm blows through. You want checks in the mail when the dread COVID shuts down Waffle House. You want a nice respirator for when you blow your lungs out sucking on cigarettes?

Why shouldn't you pay for it? After all they print the money, it's really theirs right along.

Good. The rich in this country are the parasites. Landlords, payday lenders, and merchants selling Chinese manufactured goods for 1000x markup. But especially landlords. There will be a special place against the wall for landlords during the revolution.

This is just financial papers please jackbooted national socialist thuggery. Historically the next step after this is to blame a group for hoarding wealth, and then move to confiscate it.

My money is under the mattress with the dog laying on top.

If you like Big Government and lack of privacy, you should love Joe and Kamala

Uncle Joe can go "love himself" while "Pounding sand"!

1:15. Please go back to bed. Your post is nonsense. You can't draw 750 from an ATM and never have had to give a reason for ATM withdrawals. Under Joe's plan, using your bank card associated with your account, when you spend $12.50 at the vaping shop and $69.99 at the tat shop and $.45 at Walgreen's Joe will know. Even if you're using your mother's card without permission.

To implement these draconian Leninist measures, the IRS would be hiring 50,000 (fifty-thousand) new Gestapo, likely Biden voters all.

There are exceptions built into the proposal to exempt the ruling class (dems, progressives, dem donors) from these reporting requirements, comrade.

This news will bode well for my vast holdings in blockchain and cryptocurrencies.

The tech sector always does well with the Democratic Party.

@6:14 An Austrian once said very similar things about Jews hoarding Germany's wealth. We all know how that turned out.

6:14 If you despise landlords so much, go buy a house. You're comment is like the people that hate insurance companies and say they are a scam, yet have a loan that requires insurance on everything.

For all of you progressives who voted for Pres. Xiden and the boy mayor, own it!

Lube up small business owners. You're about to get fucked. Thank your Democratic masters.

The NWO.....the great reset........or just a bunch of really stupid crooks. No matter what term or phrase you wanna use, the current "leadership" is well on their way to getting the Obama era back in full swing. Only this time there will be no Hillary to save you. Gear up folks and quit wasting ammo.

The only people who should be worried about this are those people who don’t pay taxes.

166,000,000,000 is owed and unpaid annually.

For those who voted for personal accountability own it.

@8:25 AM, you are correct. The Donkeycrats have always done well with the gullible.

Well Comrades, we got what you wanted. Waiting for 2022 so when the Demonratz take full control Biden will be declared our new Dictator for life.

9:03 : Which will last a week, lol. Ol Joe is knock knock knocking, if you will.

The Rich and the Banksters howl in horror. They quickly get Bubba riled up, pointing out, as they munch 11 cookies of the dozen, "Look! That GubMint man is a gonna invade your privacy!!"

That tells you all you need to know about a blog post on a blog sponsored, in part, by a very wealthy man named in public documents as being held liable for a tax shelter "dodge." To the tune of $18 million dollars. You think he's worried about Bubba's 700 fishing trip savings account? Hell no. But his Bank and "Wealth Managers" are going to worry, and bleat about "cost" and "privacy."

Hate Biden, but here's what they say: "“President Biden’s plan will ensure that high-income Americans pay the tax they owe under the law, ending the unfair system of enforcement that collects almost all taxes due on wages, while regularly collecting a smaller share of business and capital income. (Any man here who says that's untrue is a lying POS. That's what happens every day)

This proposal does not mandate reporting of individual transactions to the IRS.

The president’s proposal requires that banks report the most basic, high-level information on account inflows and outflows.

Imagine a taxpayer who reports $10,000 of income but has $1 million of flows in and out of their bank account.

Having this summary information will help flag for the IRS when high-income people under-report their income (and under-pay their tax obligations).

This will help the IRS target its enforcement activities on those who are actually evading their tax obligations, decreasing costly and burdensome audits for the vast majority of taxpayers who pay what they owe.”

And, yes, the CPAs and quants and all are hard at work on re structuring the .01% money to beat taxes even under this. As always.

I ain't skeered of the IRS knowing that I transfer money, get cash from an ATM, or have income, since it's ALL taxable anyway.

Get a grip and don't be the Tea Party Sheep bleating dutifully about this after the 'Muricans for UnTaxed Unearned Wealth (for them, not Bubba) sends you an "ALERT!" This isn't about you, but it will strike fear in the Limousine Liberals and LiberaLtarians and RINOs, who don't want to pay ANY taxes.

Old capitalists are always scared of the proletarian workers because the old capitalist is no longer productive and therefore has nothing to contribute to socialism and they know that all the value surplus they took from the workers will be confiscated and redistributed.

Had the old capitalist simply operated as a socialist workers collective from the beginning, they would have not stolen the surplus labor of others and instead would be revere for their reputation as heroes of the proletariat and champions of collectivist production.

Time to get by with minimal banking acct funds and put the rest in the gun safe in cash.

Other provisions of the proposal are that anyone who resists will be sent to a FEMA re-education camp and their home will be sold at government auction. However, if it is an upscale home, a high level "party" member will move in.

"Uncle Joe" is very spot on, as in Uncle Joe Stalin, though "Uncle Vlad" (Lenin) would be even more appropriate.

10:13 am

In an effort to skip all that past unperformed work you reference…..the old folks present fox and now fox speaks to ONLY that group and tells them what they want to hear whether it’s factual or not.

Propaganda will fill the gap

9:57 am

This topic is an Alex Jones retread but the troll farmer needs clicks

bitcoin fixes this.

Yes, you should stop paying your Pillman through Cash App.

You’ll hear nothing from the liberals, they’re too concerned with crossword puzzles and birds names being racist and what they think is socialism. Tax the rich? Their own party is owned by the richest people and businesses in the world. By the way you can pull out more than $750 from an atm, I used to pull out $5K at a time for rent, depends on who you bank with.

When Obama was in the Whitehouse there was a very similar tale going around and several at my barber shop were convinced it was the "gospel truth."

Wonder what the banks would say if everyone would only keep less that $600 in their bank accounts?

Anyone see your future leaders at the Emmy's last night ? Hunger Games seems fun to someone like me who can grow his own food and eat things that would make a dog puke. Tunnel systems will be a must need due to the summer heat and works out just as well in winter. Rest assured, we are creeping ever so close to this "frontier" kinda life if we don't rid ourselves of these devils. Start with voting in 2022.

Those who have nothing to hide have nothing to be afraid of.

And I'm sure were this to take place, people like Hunter Biden and the likes....still have nothing to worry about.

Hey 9:00AM! $166B is owned and unpaid annually??? That's enough to run the government for 12 days or so!!! Oh the humanity!!!

Hey 9:57AM! Do you honestly believe the rich are moving money around in their Trustmark bank account??? Glad to see you're not "skeered" of the IRS and this $600 rule but what happens if you give your kid $1,000 for Christmas??? Should they put that in their account and pay taxes on it or hide it under the bed???

Also, Biden Administration's number, Yellen says this rule would generate $43B annually. That's enough to run the government for 3 days all the while giving up the privacy of 300+ million!!!

You guys are nuts!!! It's all going to crash at some point!!!

What happens if you give 1000 bucks to your kid? Nothing except a happy kid. Never has been an issue. GIft tax starts at 10K. Good Lord. You ever read a tax pub?

Private equity, hedges, etc are where the big money is, but they don't keep it under the mattress, either, and offshoring has gotten a lot of scrutiny. Hate Biden, but, he's right. This is a micro step towards getting the worthless money managers and tax dodger society under control, at best. But, it'd be a start.

Of course, McRae, a wealthy untaxed heir, has already sent out the pathetic predictable "alert" that the Big Ole Bad Ole Gubmint wants the sit on their assets lazy rich to pay a little more tax. And Bubba and Cletus raise up in arms!!!!

@8:25, Welp, you see, THIS guy is actually one of the guys said Austrian was trying to stop

And I’m guessing members of Congress would be exempt, just like all of his other “orders”….

They have been doing this for years. Big gov has been keeping tabs on the citizens for a long time and Snowden confirmed just how much agencies like the NSA really know about you. The US Gov was one of the largest users of the heartbleed SSL vulnerability and if you don't think they were hitting the servers of all the major banks and copying data about every citizen they could then you are a fool. But keep aiming at the other political party and not the politicians that enable this. Republic, Democrat, it doesn't matter. A politician is a politician and has the goal of staying in office to make money and make their friends and family money. Doesn't matter what political party they are.

The forest was shrinking but the trees kept voting for the axe because the axe was clever and convinced them that since his handle was made of wood that he was one of them.

The total of all U.S. currency in circulation is just over $2trillion. The 13 wealthiest Americans are worth more than that and the equity in Wall St is $28.5 trillion. The government doesn't spend dollars it spends decimal points and the current national debt is well beyond the total of all US currency in the world.

It's quite obvious that most people are clueless of the economy.

$600? I don’t doubt they (government) would like to monitor our bank accounts but $600? I’m an average retired guy, between my wife and I we have 4 checking accounts divided at 2 banks 3 investment accounts. If you are t homeless how can you pay your bills with $600. What am I missing?

@ 10:41 Why could you possibly care about how much somebody else is "worth?"

Seriously. You have the same opportunity that George Soros had when he came here, or actually to England, penniless, a refugee.

The part I have a clue about is the free market system, where even a half wit, such as myself can prosper in this wonderful country, beyond my wildest dreams.

Get on your knees and thank God you were born here.

For those of you who believe the Magic number prior to TRIGGER a "Structured withdrawal" warning Letter was $10,000. U B wromg. Got one in 2013. Contacted the bank and discovered the amount was 3 withdrawals exceeding $3500.00 each in a year. Still have the letter.

You're obviously clueless about the economy 5:19. You didn't comprehend a word of the comment.