Biden’s attack on American liberty just reached a new level.
He’s taking away people’s individual rights, day by day.
Now, he is even going to monitor every dollar that you spend.
According to a new report, Joe Biden’s Treasury Department is going to be closely tracking every bank account with more than $600 in it.
“The President wants to give the IRS more information about money moving in and out of people’s bank accounts,” NPR reported.
Forbes writes that “the IRS will know about all of your bank accounts, whether you earned income on that account or not, how much is in the account in a given year, and how much was transferred in and out of the account.”
The Biden administration claims that this is an effort to make sure people are paying their taxes, but that’s a lie. It’s actually much deeper than that.
Here’s some background information: one of the components of the Patriot Act, passed in 2001 by the Bush administration, was expanded authorities for the government to monitor bank accounts in the hopes of catching alleged terrorists.
The Patriot Act requires banks to keep detailed records about people who have bank accounts with them, and then turn that information over to the government at a moment’s notice if requested.
Now, the Biden administration has labeled Republicans as “terrorists” and unleashed the entire intelligence community on them.
So now, the Biden administration wants the financial records of all Americans to skip over the middleman and go directly to them.
And they’re doing it so they can spy on average, everyday American citizens who happen to be Republicans.
And then use that information to target those everyday Americans as “domestic terrorists.”
Already, we have seen Attorney General Merrick Garland unleash the FBI against mothers who want to protest Critical Race Theory at local school board meetings.
Those mothers are now labeled as “domestic terrorists.”
We’ve seen the FBI grant itself illegal, expanded authorities in the name of imprisoning people for their conservative beliefs.
The Biden administration is on the hunt for anyone who dissents from their progressive project. In fact, former CIA director John Brennan even threatened to treat libertarians as terrorists.
But lately they have been stepping up their efforts. And the biggest examples are the FBI’s attack on conservative mothers, and now the Treasury Department’s new plan to spy on American bank accounts.
Senator Cynthia Lummis of Wyoming, one of the few true Constitutionalist members of the Senate, slammed the new plan in a hearing with Treasury Secretary Janet Yellen.
“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 said.
Others, such as Sen. Rand Paul and Sen. Mike Lee, have slammed the proposal as well.
But Joe Biden is proceeding full steam ahead. He doesn’t care what they have to say, because he doesn’t believe in democracy, or checks and balances.
He wants to eliminate his opposition and seize full power over the country. And this is his latest step in that process.