Maybe banks will loose all their customers.

[MR.T.]

https://sentinelksmo.org/biden-proposal-would-give-the-irs-access-to-your-bank-accounts/This is Bull$#!?.
I hope this isn't true,
Or I hope this gets laughed out of the room & doesn't go anywhere.
Who the hell thinks up these dumb ideas.

 

[skyhawk1]

They already do for transactions $10,000 or more

 

[OKCHunter]

Bitcoin is becoming more attractive.

 

[yukonjack]

Our benevolent leader only does these things for our own good.

 

[gerhard1]

Our benevolent leader only does these things for our own good.

Joseph Robinette has our good in mind. May his star never diminish.

 

[p238shooter]

I got a letter from one of my banks a couple days ago that this was being pushed through. It is real.

 

[emapples]

Bitcoin is becoming more attractive.

I am thinking ammo is the new bitcoin

 

[Snattlerake]

Gonna hafta buy guns n ammo on the Lay-A-Way plan from now on.

 

[Cowbaby]

Light years ahead of this puddin brained idiot.
I deposit just enough to cover my bills every month and that is it. There is no need for me to have any substantial amount of money in a bank any longer with negative real rates of return and a FICA deposit guarantee system that has nowhere near the funding to cover deposits. Don't think it can't happen. In Cyprus they bailed in customer deposits to cover a banks debt a few year back. Numerous places where customers have been locked out of their accounts. 2008 changed the game for me.

And no I don't worry about security of my money either.

I once had a sales person cold call me about installing a security system on my house. She asked if I already had a security system? I answered, yes. She then said if I minded she ask what brand of security system I had? I replied that it was Ruger brand 44 Magnum. And you know what? Ever since I installed it I have not had a single tiny problem, Because if there is one thing a coconut headed criminal hates and understands, it is a big shiny pistol with a hole he can stick his finger in and the end of 5 more lookin at him.

She Hung up on me! Kinda aggravated me too because I didn't even get to tell her about the rest of my collection. LOL

 

[MR.T.]

They already do for transactions $10,000 or more

I am aware of this. But that is 10,000 $ transactions.

This bill is talking about $600 balance gets reported, & that is not only ridiculous, but invasion of privacy in my opinion.

I have well more than $600 in a savings account & usually well more than $600 in my checking account.
I'm thinking that is going to change.