That’s what the Biden-Harris administration claims is all it wants to do with its “new and improved” personal bank account monitoring scheme.
…banks, credit unions, and other financial institutions would be required to report annually on accounts with deposits and withdrawals worth more than $10,000….
Here’s Biden-Harris’ Treasury Secretary, Janet Yellen:
Today’s new proposal reflects the administration’s strong belief that we should zero in on those at the top of the income scale who don’t pay the taxes they owe, while protecting American workers by setting the bank account threshold at $10,000 and providing an exemption for wage earners like teachers and firefighters
Because some American workers are more equal than others of us, and so more deserving of protection from this government spying.
On top of that is the Biden-Harris/Yellen disingenuousness and that of their Progressive-Democratic Party syndicate that this is solely about tracking down those Evil Rich Tax Dodgers. Even at $10,000, though, those Evil Ones would need hundreds, if not thousands, of bank accounts to get down to sizes even approaching that $10k threshold. No, this move remains centered on the prurient interest those peopling our government have in the private doings of us common citizens.
After all, rather than spying on those of us average Americans of whom this administration disapproves (remember how narrow the “exemption” really is), the government could simply audit those Evil Rich individuals. No peeking in windows necessary that way.
Besides, I have it on good authority that the men and women in our government already know what income has gone unreported and how much tax is owed. From that, those worthies also already know where that missing income is and who owes it. If anyone.