Biden’s Total Financial Surveillance

What if every one of your noncash financial transactions was automatically reported to a beefed-up, audit-hungry IRS?

MATT WELCH | FROM THE OCTOBER 2021 ISSUE

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(Illustration: Joanna Andreasson)

Imagine living in a world where every one of your noncash financial transactions—a restaurant meal, a Venmo transfer to a friend, maybe some bitcoin bought on the dips—was automatically reported to a beefed-up, audit-hungry IRS.

That dystopia will become a reality if President Joe Biden gets his way. Biden, Treasury Secretary Janet Yellen, and key Capitol Hill allies such as Sen. Elizabeth Warren (D–Mass.) are pushing a vast, intrusive financial surveillance system in the name of closing the “tax gap.”null

But don’t worry: There’s no need to fear if you’ve got nothing to hide.

“For already compliant taxpayers, the only effect of this regime is to provide easy access to summary information on financial accounts and to decrease the likelihood of costly ‘no fault’ examinations,” the Treasury Department said this May in a nakedly authoritarian document called “The American Families Plan Tax Compliance Agenda.” But “for noncompliant taxpayers,” the department continues, “this regime would encourage voluntary compliance as evaders realize that the risk of evasion being detected has risen noticeably.”

The administration’s proposed “comprehensive financial account reporting regime” would dramatically increase the types of financial institutions and transactions exposed to the feds’ prying eyes. “All business and personal accounts from financial institutions, including bank, loan, and investment accounts,” would be forced to “report gross inflows and outflows” to the IRS. And not just bank accounts: The dragnet would now include PayPal, settlement companies, and “crypto asset exchanges,” for starters.

The new domestic surveillance program, which requires congressional approval, is one prong of a tripartite strategy for transforming the entire global financial system into a harmonious, haven-free collection funnel to the IRS. The second part, which has taken up the bulk of Biden’s multilateral diplomacy thus far, is getting the industrialized world to agree on a global minimum corporate tax of 15 percent, while setting up a system to prevent multinational companies from registering their profits in the lowest-tax jurisdictions.null

Cutting corporate taxes is “a self-defeating competition,” Yellen said in April, “and neither President Biden nor I are interested in participating in it anymore. We want to change the game.”

In July, representatives from 130 countries, including finance ministers from the G-20 representing the world’s richest democracies, agreed in principle to a worldwide minimum corporate tax. “We have a chance now to build a global and domestic tax system,” Yellen crowed. “The race to the bottom is one step closer to coming to an end.”

The agreement still has a significant obstacle to overcome—namely, the legislatures of 130 countries, including the U.S. Congress. But Yellen has some cause to be cocky, because the third prong of Washington’s strategy has already been constructed.

In 2009, President Barack Obama promised to generate $210 billion in new tax revenue over 10 years by cracking down on “overseas tax loopholes.” While the corporate-tax element of the plan was quickly killed by lobbyists, the individual component remained in the form of the 2010 Foreign Account Tax Compliance Act (FATCA). Built on a foundation of American exceptionalism (the U.S. is one of only two countries that tax citizens living abroad), FATCA imposed onerous new annual reporting requirements on Americans with more than $10,000 in overseas financial institutions. The law brazenly threatened international banks if they didn’t rat out their U.S. clients to the IRS.

God Bless,

Beverly H.

Galatians 1:10 NKJV

“For do I now persuade men, or God? Or do I seek to please men? For if I still pleased men, I would not be a bondservant of Christ.”

If you haven’t accepted Christ as your savior yet and would like to do so, please pray these words:

“Jesus, I acknowledge I am a sinner and I am in need of salvation. Thank you for your sacrifice on the cross. Come into my heart and make me new. Thank you for your gift of eternal life. Help me to learn to walk with you now. In Jesus’ name, amen.”

If you prayed that prayer, please tell someone that can help guide you in the next steps of your relationship with Jesus.

God Bless,

Beverly H.

Jesus is coming!

Revelation 1:7‭-‬8 NKJV

7)”Behold, He is coming with clouds, and every eye will see Him, even they who pierced Him. And all the tribes of the earth will mourn because of Him. Even so, Amen.”

8)”I am the Alpha and the Omega, the Beginning and the End,” says the Lord, “who is and who was and who is to come, the Almighty.”

If you haven’t accepted Christ as your savior yet and would like to do so, please pray these words:

“Jesus, I acknowledge I am a sinner and I am in need of salvation. Thank you for your sacrifice on the cross. Come into my heart and make me new. Thank you for your gift of eternal life. Help me to learn to walk with you now. In Jesus’ name, amen.”

God Bless,

Beverly H

Gog And Magog War, Part 2

Gog’s Armies Destroyed

“And you, son of man, prophesy against Gog, and say, ‘Thus says the Lord God: “Behold, I am against you, O Gog, the prince of Rosh, Meshech, and Tubal; and I will turn you around and lead you on, bringing you up from the far north, and bring you against the mountains of Israel. Then I will knock the bow out of your left hand, and cause the arrows to fall out of your right hand. You shall fall upon the mountains of Israel, you and all your troops and the peoples who are with you; I will give you to birds of prey of every sort and to the beasts of the field to be devoured. You shall fall on the open field; for I have spoken,” says the Lord God. “And I will send fire on Magog and on those who live in security in the coastlands. Then they shall know that I am the Lord. So I will make My holy name known in the midst of My people Israel, and I will not let them profane My holy name anymore. Then the nations shall know that I am the Lord, the Holy One in Israel. Surely it is coming, and it shall be done,” says the Lord God. “This is the day of which I have spoken. “Then those who dwell in the cities of Israel will go out and set on fire and burn the weapons, both the shields and bucklers, the bows and arrows, the javelins and spears; and they will make fires with them for seven years. They will not take wood from the field nor cut down any from the forests, because they will make fires with the weapons; and they will plunder those who plundered them, and pillage those who pillaged them,” says the Lord God. “It will come to pass in that day that I will give Gog a burial place there in Israel, the valley of those who pass by east of the sea; and it will obstruct travelers, because there they will bury Gog and all his multitude. Therefore they will call it the Valley of Hamon Gog. For seven months the house of Israel will be burying them, in order to cleanse the land. Indeed all the people of the land will be burying, and they will gain renown for it on the day that I am glorified,” says the Lord God. “They will set apart men regularly employed, with the help of a search party, to pass through the land and bury those bodies remaining on the ground, in order to cleanse it. At the end of seven months they will make a search. The search party will pass through the land; and when anyone sees a man’s bone, he shall set up a marker by it, till the buriers have buried it in the Valley of Hamon Gog. The name of the city will also be Hamonah. Thus they shall cleanse the land.” ’ You shall eat the flesh of the mighty, Drink the blood of the princes of the earth, Of rams and lambs, Of goats and bulls, All of them fatlings of Bashan. You shall eat fat till you are full, And drink blood till you are drunk, At My sacrificial meal Which I am sacrificing for you. You shall be filled at My table With horses and riders, With mighty men And with all the men of war,” says the Lord God. “I will set My glory among the nations; all the nations shall see My judgment which I have executed, and My hand which I have laid on them. So the house of Israel shall know that I am the Lord their God from that day forward. The Gentiles shall know that the house of Israel went into captivity for their iniquity; because they were unfaithful to Me, therefore I hid My face from them. I gave them into the hand of their enemies, and they all fell by the sword. According to their uncleanness and according to their transgressions I have dealt with them, and hidden My face from them.” ’ “Therefore thus says the Lord God: ‘Now I will bring back the captives of Jacob, and have mercy on the whole house of Israel; and I will be jealous for My holy name— after they have borne their shame, and all their unfaithfulness in which they were unfaithful to Me, when they dwelt safely in their own land and no one made them afraid. When I have brought them back from the peoples and gathered them out of their enemies’ lands, and I am hallowed in them in the sight of many nations, then they shall know that I am the Lord their God, who sent them into captivity among the nations, but also brought them back to their land, and left none of them captive any longer. And I will not hide My face from them anymore; for I shall have poured out My Spirit on the house of Israel,’ says the Lord God.”

If you haven’t accepted Christ as your savior yet and would like to do so, please pray these words:

“Jesus, I acknowledge I am a sinner and I am in need of salvation. Thank you for your sacrifice on the cross. Come into my heart and make me new. Thank you for your gift of eternal life. Help me to learn to walk with you now. In Jesus’ name, amen.”

If you prayed that prayer, please tell someone that can help guide you in the next steps of your relationship with Jesus.

God Bless,

Beverly H

Colossians 4:2‭-‬6 NKJV

“Continue earnestly in prayer, being vigilant in it with thanksgiving; meanwhile praying also for us, that God would open to us a door for the word, to speak the mystery of Christ, for which I am also in chains, that I may make it manifest, as I ought to speak. Walk in wisdom toward those who are outside, redeeming the time. Let your speech always be with grace, seasoned with salt, that you may know how you ought to answer each one”.

If you haven’t accepted Christ as your savior yet and would like to do so, please pray these words:

“Jesus, I acknowledge I am a sinner and I am in need of salvation. Thank you for your sacrifice on the cross. Come into my heart and make me new. Thank you for your gift of eternal life. Help me to learn to walk with you now. In Jesus’ name, amen.”

If you prayed that prayer, please tell someone that can help guide you in the next steps of your relationship with Jesus.

God Bless,

Beverly H

John 16:33 NKJV

These things I have spoken to you, that in Me you may have peace. In the world you will have tribulation; but be of good cheer, I have overcome the world.”
John 16:33 NKJV

May the peace of God be with you today and everyday.

If you haven’t accepted Christ as your savior yet and would like to do so, please pray these words:

“Jesus, I acknowledge I am a sinner and I am in need of salvation. Thank you for your sacrifice on the cross. Come into my heart and make me new. Thank you for your gift of eternal life. Help me to learn to walk with you now. In Jesus’ name, amen.”

If you prayed that prayer, please tell someone that can help guide you in the next steps of your relationship with Jesus.

God Bless,

Beverly H.

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