Big Brother Biden keeps trying to stick his claws into our personal lives. He wants to know what we are doing at all times, including what we search for online and how we spend our money.
To that end, in possibly the worst invasion of privacy we’ve seen in years, Biden wants the government to begin monitoring Americans’ personal transactions…for our own protection, of course.
During a CNBC appearance this week, Treasury Secretary Janet Yellen laid out and defended the administration’s plan to force banks to report all their client’s transactions over $600.
This plan essentially means that Big Brother Biden will have access to information about everything you buy and any income you may receive, even if it just a simple I.O.U. from a friend or family member.
The Wall Street Journal reported that the administration wants to force banks to report to the IRS on “bank accounts with at least $600 or at least $600 worth of transactions, a proposal aimed at letting the IRS target its audits more effectively. It would generate about $460 billion over a decade to cover the costs of Democrats’ planned expansion of the social safety net and climate-change policies, according to the administration.”
In response to questions asked on CNBC about the administration’s plan, Yellen said, “Right now, on every bank account that earns more than $10 a year in interest, the banks report the interest earned to the IRS. That’s part of the information base that includes W2’s and reports on dividends in other income that taxpayers earned. So collection of information is routine.”
Yellen cited the “enormous tax gap” in the US as the reason behind the proposed tax hikes and information collecting, blaming the gap on places where information on income “can be hidden.”
“It’s just a few pieces of information about individual bank accounts, nothing at the transaction level that would violate privacy,” the secretary said.
Ah, yes, it is just a “few pieces” of information. No big deal. What are you worried about? Don’t you trust the government?
If you trust the government to keep your bank account information privileged, then I have a lovely South American timeshare to sell you.
There are few people less trustworthy than a government official.
Conservatives especially have reasons to be leery of government audits.
Those who remember the Obama IRS targeting of Tea Party groups know what I am talking about.
Conservatives also can’t have full confidence in banking institutions to safeguard information given their history of closing bank accounts and transaction services of noted conservative individuals and organizations.
JPMorgan Chase has a history of closing bank accounts belonging to those who identify with being on the Right, and the nation’s largest bank ramped up its efforts last year.
Covfefe Coffee Company, a pro-Trump coffee roaster, inexplicable had their payment service account closed by Chase Bank back in February. For those who might not get the Covfefe reference, “Covfefe” was a misspelling President Donald Trump accidentally posted in a viral tweet that instantly became an Internet meme. Six minutes after midnight on May 31, 2017, Trump tweeted, “Despite the constant negative press covfefe…,” apparently hitting send before completing the message.
The phrase quickly became a joke to Right and Left alike, and business-minded people like the minds behind Covfefe Coffee capitalized on it just as fast.
PJ Media reported, “Chase Bank has abruptly stopped a pro-Trump coffee company from using its payment processing service, WePay, and is currently preventing them from withdrawing any funds.
Covfefe Coffee founded in 2018, brands itself as ‘Coffee For Deplorables By Deplorables.’ The company, which says their goal is to ‘provide proud to Americans access to world-class coffee without having to fund your political and cultural opponents,’ was informed via email on Wednesday that they would no longer be able to use their payment processing service because payments were ‘for one or more of the activities prohibited by’ their terms of service.
‘Unfortunately, you will no longer be able to use WePay Payments to accept additional payments,’ the email continued. ‘Any pending payments will be canceled, and you won’t be able to withdraw funds at this time.’
A spokesman for Covfefe told National File that they’ve been using WePay without issue for two years, and that the disruption of service came out of nowhere. WePay’s terms of service makes their list of prohibited activities very clear, but there doesn’t appear to be any legitimate violation of any of these prohibited activities.”
Now Conservatives can’t even enjoy a good cup of coffee while going to their local ATM. Nope, that isn’t allowed. Big Business won’t permit it.
I am old enough to remember when the Democrats hated big business. Yeah, funny, right? They are now inextricably linked, and that spells disaster for Conservatives.
In 2019, Chase closed the account of Trump supporter and Proud Boys leader Enrique Tarrio.
Tarrio’s website sells provocative conservative merchandise. He was given no explanation as to why his account was closed.
Project Veritas’ undercover audio from 2019 confirms that censorship against conservative bank accounts is occurring: “Chase is not involved with any like, you know, alt right people or anything. I really can’t name names but it’s basically like we don’t get involved with any of that.”
Those were the recorded words of an employee of JPMorgan Chase, at their world headquarters.
Enrique Tarrio is not the only person on the Right to have their account closed. Rebel Media contributor Martina Markota, anti-Sharia journalist Laura Loomer, and vocal Trump supporter Joe Biggs have all had their bank accounts closed.
I think not.
To Big Brother Biden, I say: Keep your hands off our money!