“The proposal would require banks to report to the IRS every deposit and withdrawal from an account, including transactions from Venmo, PayPal, crypto exchanges and the like in an effort to fight tax evasion. The IRS would know how much money is in an individual’s bank account in a given year, whether the individual earned income on that account and exactly how much was going in an and out. One key prong of President Biden’s plan to bankroll Democrats’ $3.5 trillion budget plan is to monitor every inflow and outflow of an individual’s bank account. “

Perhaps they should install cameras in every bedroom and bathroom to make sure no one is doing anything illegal in there too? No curtains.

Microphones in every room and on you continuously so that they can monitor our speech for “hate speech”.

Of course the socialists and communists love this too.

So much for the 4th Amendment.

The authoritarian fascists want: No medical autonomy. No privacy. No freedom of speech. No border control. No fiscal responsibility.

https://www.dailymail.co.uk/news/article-9973671/Bidens-plan-let-IRS-SNOOP-bank-accounts.html