Following Boost of $80 Billion from Congress, Treasury Secretary Tells IRS Enforcement to Prepare for New Technology Era

[livingston]

Following Boost of $80 Billion from Congress, Treasury Secretary Tells IRS Enforcement to Prepare for New Technology Era​

When congress approved $80 billion in new funding for the Internal Revenue Service (IRS) enforcement division, the intellectually honest crowd knew this was not just about hiring more IRS agents. Indeed, the personnel side of the spending will almost certainly pale in comparison to the IRS creating new technological enforcement mechanisms to track electronic payment systems. Ultimately, it’s just an obvious evolution in IRS monitoring and surveillance.

Today, Treasury Secretary Janet Yellen seemed to outline exactly that when she sent the IRS a memo instructing them to develop an action plan within six months for how to improve the technology needed to expand enforcement {link}. What we are likely to experience is the next phase in the public-private partnership, this time focused almost exclusively on electronic payment systems, income and earnings.
On August 10th, after reviewing the legislative language, CTH said, “I predict (in phase one) the IRS will soon create an office of “digital income verification and audits” or DIVA. This agency will be used to confiscate and remove access to on-line funds. In phase two they trigger the ‘climate change’ control mechanisms.” It’s not that much of a prediction as it is just an acceptance of this ongoing big government continuum.

Following Boost of $80 Billion from Congress, Treasury Secretary Tells IRS Enforcement to Prepare for New Technology Era - The Last Refuge

When congress approved $80 billion in new funding for the Internal Revenue Service (IRS) enforcement division, the intellectually honest crowd knew this was not just about hiring more IRS agents. Indeed, the personnel side of the spending will almost certainly pale in comparison to the IRS...

theconservativetreehouse.com

 

[livingston]

Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months

Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring.

www.pbs.org

Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months​

 

[libertysnake]

Well always a good time to update the wardrobe....

 

[SomeSoldier]

Are we there yet?? So much for 4th.

 

[Zerex]

Cash is the lube that moves society, and she is gong after all of it, to turn you all into subservient bankrupt, Chinese type disposable drones.
Until you are reported for using cash or no one accepts it, the time is ripe to move cash into your home. It will be worthless anyway............except to other deplorables.

WTF is she do to do about the vast $$$in residential real estate and big mortgages?

Dumb C is just batshit crazy and evil; likley owns cats, too.

The old testament warned us about them.

 

[Saltwater60]

I know a few people that should be worried. I know a guy that makes probably $30-$40,000 of side cash per year on construction. That estimate maybe low at this point.

 

[Uzi]

Cash is the lube that moves society, and she is gong after all of it, to turn you all into subservient bankrupt, Chinese type disposable drones.
Until you are reported for using cash or no one accepts it, the time is ripe to move cash into your home. It will be worthless anyway............except to other deplorables.

WTF is she do to do about the vast $$$in residential real estate and big mortgages?

Dumb C is just batshit crazy and evil; likley owns cats, too.

The old testament warned us about them.

More people will be taxed and priced out of homes and other real estate as time moves forward, even when the housing bubble pops. It's been so easy to "buy" a house you can't afford for so long. Reality will rear its unpleasant head soon, but it'll be gradual over time. Over 60% of America doesn't have any physical cash to withdraw anymore. The majority are paying off debts, living paycheck to paycheck and borrowing money. Very few living within and under their means today not to fall into a trap. Nobody seems to understand how networths are actually calculated, but everyone living in a house thinks they're rich, especially after the pandemic hit. The free money put a lot of people into a hypnotic stage of false belief, like a downwards spiral of unlimited spending.

This is a very good thing for those actually on top. For them, It's a very good thing that the majority of people living in the matrix believe they are a small percentage of strategic investors, financially competent because they've followed the rules for 30-40+ years after college. What they don't know is the elite are much smarter and already have all the middle class by the balls these days. Generally speaking, The good news is that you can still choose to live inside the matrix, and while you're ignorant to living a fake life, you still might be comfortable and content with it. So, yeah, one can put all of their eggs in one basket if they want to.