What's the current numerical value of the RDI (Rage-Discontent Index)? Did the current Afghanistan situation "release" some of the energy in the RDI or is it still going up? Parabolic?SOL wrote: ↑Wed Aug 04, 2021 2:04 pm Our rage index which we are going to rename as the rage discontent index is soaring, so there is going to be at least one event that mimics the marie Antoinette type situation. The world is being polarized like never before and since this is happening on a Global basis, we will reach a point where the last straw breaks the camels back and we will have a massive uprising that will shock the world. You can't keep pushing in one direction without some push back.
The Police State Is almost here
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Re: The Police State Is almost here
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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Re: The Police State Is almost here
it spiked before this happened. It essentially is being designed to predict game-changing situations in and out of the market but the GP index is the real deal where I am still trying to digest the patterns. The GP is `10X more complex. So in essence Afghanistan is just the start of more turmoilYodean wrote: ↑Tue Aug 17, 2021 11:50 amWhat's the current numerical value of the RDI (Rage-Discontent Index)? Did the current Afghanistan situation "release" some of the energy in the RDI or is it still going up? Parabolic?SOL wrote: ↑Wed Aug 04, 2021 2:04 pm Our rage index which we are going to rename as the rage discontent index is soaring, so there is going to be at least one event that mimics the marie Antoinette type situation. The world is being polarized like never before and since this is happening on a Global basis, we will reach a point where the last straw breaks the camels back and we will have a massive uprising that will shock the world. You can't keep pushing in one direction without some push back.
It's sort of like this soundtrack, up and down calm and then spikes
https://www.youtube.com/watch?v=fNFpus67rc0
Taking an educated guess I would say COVID and Afghanistan are signs that the Police state is gaining traction at a much faster pace than originally projected. Keep an eye on the Money supply as the money supply increases the situation will continue to worsen
Again Benjamin's quote comes to mind
"Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety."
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The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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PEG
In Ontario, Canada, they are rolling out something similar - a type of Vaccine Certificate - supposedly on September 22nd. Outdoor dining, patios, etc. are exempt, for the time being, as in its current, proposed form, it would only be required to access indoor dining/areas, etc. Lots of protests this upcoming weekend, I suspect.
But there are always loopholes, although the PTBs (Powers That Be) are rapidly trying to close them. For example, although the professional medical associations here are discouraging this, you may get a medical exemption from a licensed physician.
Although I reached a comfortable level of complete financial independence a few years ago and officially took an indefinite leave of absence from the clinical practice of medicine (unofficially, it's a retirement), I kept my license active by paying all the annual fees, etc., as well as entering all the required credits for CME (Continuing Medical Education) annually, and doing some pro bono work for fun on the side, as well as my own research. Bottom line is that I may still prescribe medications and write those letters of exemptions, etc. in the province where I live.
So I plan to write one for my wife, and also for myself. We'll see if they work - I suspect they should, at least until the PTBs change the rules again. One reasonable way is to simply say that you have a possible allergy to polyethylene glycol (PEG), which is an ingredient used in several of the cv19 jabs. If you are inquired further, say that you were prepping for a colonoscopy (PEG is the main ingredient in many of the common prep. solutions one has to drink the day before a colonoscopy, generally, in order to cleanse your bowels), and developed difficulty breathing, rash, a few hives, etc. There is no way to prove that you did not have this reaction (i.e. there is no objective laboratory test to assess whether you truly have an allergy to PEG or not, at the current time), and for medicolegal reasons, they have to believe you.
PEG is also an over-the-counter laxative that is commonly available, so you could also say you were taking some PEG for constipation and developed an allergic reaction.
Technically, a letter of medical exemption does not even have to state the specific reason for the exemption. But if you are on friendly terms with a practicing physician, you may be able to convince her to write you this letter. Even better if you are friends with one. Obviously, check what the local rules and regulations happen to be.
Canada on a superficial level, on average, tends to follow policies that lie between those in Western Europe and those in the U.S.A. So I suspect this tactic may work. You may still have to show a negative cv19 test and wear a mask, etc., in the absence of being jabbed.
As always, the aforementioned represents my own opinion and does not constitute specific medical advice.

Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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The Dark Side of A.I.
Since the early days of the COVID-19 pandemic, WHO’s infodemic management team has worked to develop analytical approaches including with the use of artificial intelligence (AI) to help identify rising narratives that are catching people’s attention in online conversations.
One strategy that health authorities can deploy to counter the infodemic is to proactively identify both rising topics and information voids so they can saturate online conversations with high-quality health information that responds to the questions and concerns of the public.
WHO has built a platform called EARS, or the Early AI-supported Response with Social listening tool, which allows health decision-makers to view a real-time analysis of narratives happening in public online forums in multiple countries and languages.
EARS is currently running an analysis on 41 narratives, in 20 countries, in French, English, Spanish and Portuguese. And going forward, this tool can be adapted to integrate other kinds of data that public health decision-makers use on a daily basis, studying any local context, language or future epidemic.
So how does EARS work?
The AI platform that powers EARS is combing all kinds of publicly available online sources. It’s pulling publicly available data from the major platforms—Facebook, Twitter, Instagram, etc.—but it’s also mining comments on publicly available blogs, news articles and online forums to see what people are talking about based on keywords and hashtags.
And because the platform interprets natural language processing (NLP), it picks up on context cues about people’s intent behind their posts, like whether they’re asking a question or they’re complaining.
https://www.who.int/news-room/feature-s ... ening-tool
*****
It is said, "a knife may be used to cure, or to kill, depending on whose hands hold it."
A.I. is the same, I would think.
Part of the trend of increasing censorship/surveillance of social media and the internet - a robust pendulum that has been swinging with ever-greater momentum since the implementation of the Patriot Act and like-minded regulations globally after 9/11.
Hopefully, T.I.'s forums have robust firewalls and other shielding mechanisms - otherwise, many threads and discussions will eventually have to be eliminated . . . for the good of the God-State.
Amen.

One strategy that health authorities can deploy to counter the infodemic is to proactively identify both rising topics and information voids so they can saturate online conversations with high-quality health information that responds to the questions and concerns of the public.
WHO has built a platform called EARS, or the Early AI-supported Response with Social listening tool, which allows health decision-makers to view a real-time analysis of narratives happening in public online forums in multiple countries and languages.
EARS is currently running an analysis on 41 narratives, in 20 countries, in French, English, Spanish and Portuguese. And going forward, this tool can be adapted to integrate other kinds of data that public health decision-makers use on a daily basis, studying any local context, language or future epidemic.
So how does EARS work?
The AI platform that powers EARS is combing all kinds of publicly available online sources. It’s pulling publicly available data from the major platforms—Facebook, Twitter, Instagram, etc.—but it’s also mining comments on publicly available blogs, news articles and online forums to see what people are talking about based on keywords and hashtags.
And because the platform interprets natural language processing (NLP), it picks up on context cues about people’s intent behind their posts, like whether they’re asking a question or they’re complaining.
https://www.who.int/news-room/feature-s ... ening-tool
*****
It is said, "a knife may be used to cure, or to kill, depending on whose hands hold it."
A.I. is the same, I would think.
Part of the trend of increasing censorship/surveillance of social media and the internet - a robust pendulum that has been swinging with ever-greater momentum since the implementation of the Patriot Act and like-minded regulations globally after 9/11.
Hopefully, T.I.'s forums have robust firewalls and other shielding mechanisms - otherwise, many threads and discussions will eventually have to be eliminated . . . for the good of the God-State.
Amen.

Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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Re: The Dark Side of A.I.
Interesting. I have a philosophical question: when a process or an agenda is described on the website of a governmental or international organization, in such details there is little need to read between the lines, can it still qualify as "conspiracy theory"?
I feel sorry for conspiracy theory enthusiasts, as their ideas are being co-opted one by one, they have to keep finding new ones lest they become conformists.

I feel sorry for conspiracy theory enthusiasts, as their ideas are being co-opted one by one, they have to keep finding new ones lest they become conformists.

That's a valid concern, given how often I see Google [Bot] or Bing [Bot] listed as users browsing this forum. I'm guessing they get stuck on the login form and bounce. Crawlers are not supposed to fill forms or crack passwords. At least not yet, but maybe it will be necessary to fight domestic terrorists, Russian hackers, and crypto-criminals.

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Re: The Police State Is almost here
It appears that some parts of Antipodes have gone full batshit crazy (East Germany redux):
"The justification for withholding access to life in Victoria is based on a premise that vaccinated people do not contract COVID, therefore the coronavirus is a “virus of the unvaccinated.”"
https://theconservativetreehouse.com/bl ... accinated/
"The justification for withholding access to life in Victoria is based on a premise that vaccinated people do not contract COVID, therefore the coronavirus is a “virus of the unvaccinated.”"
https://theconservativetreehouse.com/bl ... accinated/
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
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Re: The Dark Side of A.I.
Yodean wrote: ↑Sun Sep 05, 2021 5:28 pm Since the early days of the COVID-19 pandemic, WHO’s infodemic management team has worked to develop analytical approaches including with the use of artificial intelligence (AI) to help identify rising narratives that are catching people’s attention in online conversations.
One strategy that health authorities can deploy to counter the infodemic is to proactively identify both rising topics and information voids so they can saturate online conversations with high-quality health information that responds to the questions and concerns of the public.
WHO has built a platform called EARS, or the Early AI-supported Response with Social listening tool, which allows health decision-makers to view a real-time analysis of narratives happening in public online forums in multiple countries and languages.
EARS is currently running an analysis on 41 narratives, in 20 countries, in French, English, Spanish and Portuguese. And going forward, this tool can be adapted to integrate other kinds of data that public health decision-makers use on a daily basis, studying any local context, language or future epidemic.
So how does EARS work?
The AI platform that powers EARS is combing all kinds of publicly available online sources. It’s pulling publicly available data from the major platforms—Facebook, Twitter, Instagram, etc.—but it’s also mining comments on publicly available blogs, news articles and online forums to see what people are talking about based on keywords and hashtags.
And because the platform interprets natural language processing (NLP), it picks up on context cues about people’s intent behind their posts, like whether they’re asking a question or they’re complaining.
https://www.who.int/news-room/feature-s ... ening-tool
*****
It is said, "a knife may be used to cure, or to kill, depending on whose hands hold it."
A.I. is the same, I would think.
Part of the trend of increasing censorship/surveillance of social media and the internet - a robust pendulum that has been swinging with ever-greater momentum since the implementation of the Patriot Act and like-minded regulations globally after 9/11.
Hopefully, T.I.'s forums have robust firewalls and other shielding mechanisms - otherwise, many threads and discussions will eventually have to be eliminated . . . for the good of the God-State.
Amen.
![]()
You can't get into this forum unless you are registered. Secondly, there are roughly three firewalls (it took us time to get these working together). One firewall does more than just providing security it takes the traffic to its servers and analyses the data using over 100 different parameters to look for anomalies if it finds anything out of the normal it blocks that firewall or the whole range of IPS. The first firewall will block anyone if they continue to try to enter the forum or any part of TI's site. So use BF will not work it will result in being blocked.
We are thinking of blocking G's bots. We have noticed they are spending more time on the forum and may block them.
However, the main reason most so-called truth/Radical or right-wing or whatever you want to call them are targeted by the censorship police is that they are trying to wake the masses. They are also very bombastic about how they broadcast their message. We are not trying to wake the masses up or anyone up. We provide data and then the person decides where they want to go. Most so-called truth sites provide a narrative with a strong opinion. They have any agenda. If you have an agenda you are competing with the big players. They don't mind alternative opinions but they don't want competition when it comes to manipulating the masses. Anyone that is loud no matter what they claim (regardless of the quality of info they put out) has an agenda. If you have an agenda and that agenda is conflict with that of the big players you will be taken down.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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Re: The Police State Is almost here
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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Re: The Police State Is almost here
"Dr. Alexander Van der Bellen, who was inaugurated as the Federal President of the Republic of Austria on January 26, 2017, has taken another undemocratic, authoritarian position that anyone unemployed because of the state’s lockdowns who refuses the vaccine will lose ALL benefits. This is absolute tyranny and a disgrace to any country that pretends to be free. It has been reported:
“Unusual measure: Austria’s Minister of Labor Martin Kocher (ÖVP) has decided to block unemployment benefits for job seekers if they do not apply for a reasonable position because a vaccination is required there or simply not accepting an offered position.”"
https://www.armstrongeconomics.com/inte ... accinated/
“Unusual measure: Austria’s Minister of Labor Martin Kocher (ÖVP) has decided to block unemployment benefits for job seekers if they do not apply for a reasonable position because a vaccination is required there or simply not accepting an offered position.”"
https://www.armstrongeconomics.com/inte ... accinated/
..whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government..
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Re: The Police State Is almost here
https://www.scoop.co.nz/stories/HL2101/ ... -state.htmNPR’s report alleged a number of reasons for that “without consequences,” but ignored the most important one: In 1967, the U.S. Supreme Court created what is, in practical reality, a new law, almost a total ban against convicting a police officer of murder if he kills someone while on the job. The ‘Justices’ called this judge-made law (subsequently reaffirmed by the Supreme Court many times, the latest being in 2020) “qualifed immunity,” but it is very close to being total immunity, and thus virtually all of the many abuses that NPR reported there can be traced back to it. Being a mainstream ‘news’-medium, the deeper level of reality is censored-out by the editors and managers.
The United States and its allies do not call the U.S. a “police state,” but, if this phrase has any meaning, then it clearly does apply, and a strong case can be presented that the U.S. might even be more of a police state than is any other nation on Earth.
Is the phrase “police state” anything more than propaganda that a government uses against a foreign government that it wants to overthrow — such as the U.S. did against Iraq before invading it in 2003, and against Libya and Syria since 2011, and against Venezuela since 2012, and against Ukraine since 2013, and in all instances destroyed those countries, allegedly to ‘bring democracy and human rights and the rule of law, and fight against corruption’ there (as if that were honestly the intention)?
The phrase “police state” is used propagandistically to denigrate a foreign nation that one’s own government and its news-media don’t like and might even be hoping to conquer by means of subversion, or sanctions, or coup, or perhaps invasion by either the aggressor’s own troops or else hiring mercenaries — such as, for example, the U.S. did against Syria, hiring Al Qaeda and Kurdish separatists as ‘rebels’ there, to bring regime-change to Syria — all the while labelling as “a police state” the government that the aggressor is trying to overthrow. The aggressor-country alleges itself to be attacking the target-country because that target-country is ‘a police state’ and ‘violates human rights’ — and the aggressor and its allies have continued this ‘civil war’ against Syria ever since 2012, destroying Syria and refusing to pay even a cent for restitution and reconstruction in Syria. They wreck the ‘police state’, and then abandon it. This is merely one example of a ‘police state’, as that phrase is commonly employed. This phrase is just a tool to ‘justify’ an invasion. It’s a ‘justification’ for international war-crimes.
The full story makes for an interesting read.
In the end third world dicator type nations are going to be safer than most western nations. The pendulum is swinging negatively for the West and positively for those in nations ruled by so called hard core dictators
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The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
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Re: PEG
Hello, I read @Ksun80 experience w the vaccine. Sorry that you are having issues with it @ksun80Yodean wrote: ↑Thu Sep 02, 2021 5:27 pmIn Ontario, Canada, they are rolling out something similar - a type of Vaccine Certificate - supposedly on September 22nd. Outdoor dining, patios, etc. are exempt, for the time being, as in its current, proposed form, it would only be required to access indoor dining/areas, etc. Lots of protests this upcoming weekend, I suspect.
But there are always loopholes, although the PTBs (Powers That Be) are rapidly trying to close them. For example, although the professional medical associations here are discouraging this, you may get a medical exemption from a licensed physician.
Although I reached a comfortable level of complete financial independence a few years ago and officially took an indefinite leave of absence from the clinical practice of medicine (unofficially, it's a retirement), I kept my license active by paying all the annual fees, etc., as well as entering all the required credits for CME (Continuing Medical Education) annually, and doing some pro bono work for fun on the side, as well as my own research. Bottom line is that I may still prescribe medications and write those letters of exemptions, etc. in the province where I live.
So I plan to write one for my wife, and also for myself. We'll see if they work - I suspect they should, at least until the PTBs change the rules again. One reasonable way is to simply say that you have a possible allergy to polyethylene glycol (PEG), which is an ingredient used in several of the cv19 jabs. If you are inquired further, say that you were prepping for a colonoscopy (PEG is the main ingredient in many of the common prep. solutions one has to drink the day before a colonoscopy, generally, in order to cleanse your bowels), and developed difficulty breathing, rash, a few hives, etc. There is no way to prove that you did not have this reaction (i.e. there is no objective laboratory test to assess whether you truly have an allergy to PEG or not, at the current time), and for medicolegal reasons, they have to believe you.
PEG is also an over-the-counter laxative that is commonly available, so you could also say you were taking some PEG for constipation and developed an allergic reaction.
Technically, a letter of medical exemption does not even have to state the specific reason for the exemption. But if you are on friendly terms with a practicing physician, you may be able to convince her to write you this letter. Even better if you are friends with one. Obviously, check what the local rules and regulations happen to be.
Canada on a superficial level, on average, tends to follow policies that lie between those in Western Europe and those in the U.S.A. So I suspect this tactic may work. You may still have to show a negative cv19 test and wear a mask, etc., in the absence of being jabbed.
As always, the aforementioned represents my own opinion and does not constitute specific medical advice.
![]()
I found out last week that my employer is under the Biden mandate so all the employees must get the jab. Needless to say, I am pissed that this is being forced upon us and am weighing my options. If we don’t get the jab, it’s considered a resignation. Crazy! Before the shut down, I believe I had covid since I traveled w 2 ladies at a big conference who got sick. I was just very fatigued for several weeks. No one tested back then.
On top of all of this, I have been working from home for over 5 years. My general doc is pro jab so I don’t think I could get a waiver from her. I looked at PEG suggestion, but I don’t think it’s over counter in the US. In discussions with my college aged daughters, they feel a bit like a second citizen and maybe even looked down upon since they haven’t gotten it. I am even more against them getting the jab. My mom tried to convince me and said the government is giving us money. Lol I replied that we should even be more suspicious.
I thought I would ask since there’s a diverse group here…Any ideas?

- SOL
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Re: The Police State Is almost here
Here is some Informaiton from the CDC that might help
If you're allergic to pollen, not to worry. But: "If you have had a severe allergic reaction or an immediate allergic reaction—even if it was not severe—to any ingredient in an mRNA COVID-19 vaccine, you should not get either of the currently available mRNA COVID-19 vaccines (Pfizer-BioNTech and Moderna). If you have had a severe allergic reaction or an immediate allergic reaction to any ingredient in Johnson & Johnson's Janssen (J&J/Janssen) COVID-19 vaccine, you should not get the J&J/Janssen vaccine," says the CDC. "If you aren't able to get one type of COVID-19 vaccine because you are allergic to an ingredient in that vaccine, ask your doctor if you should get a different type of COVID-19 vaccine."
https://www.eatthis.com/news-covid-vacc ... tions-cdc/
We have a subscriber that was able to get a exemption as he has high blood pressure. Since his Dr is open minded, the letter was phrased to indicate the blood pressure was a tad bit higher than his current readings, which placed him in the very high blood pressure group. According to this person. One of his friends went to Mexico and got a similar letter from a Dr even though he does not suffer from High BP. While this Chap was down there he stated that there were places one could pay to get a certificate. As the last part is third hand information. i don't know how valid it is.
https://www.eatthis.com/news-cdc-covid- ... xemptions/Who Should NOT Get Vaccinated
Says the CDC: "If you have had a severe allergic reaction (anaphylaxis) or an immediate allergic reaction, even if it was not severe:
to any ingredient in an mRNA COVID-19 vaccine (such as polyethylene glycol), you should not get an mRNA COVID-19 vaccine.
or after getting the first dose of the vaccine, you should not get a second dose of either of the mRNA COVID-19 vaccines.
An allergic reaction is considered severe when a person needs to be treated with epinephrine or EpiPen© or if they must go to the hospital. Learn about common side effects of COVID-19 vaccines and when to call a doctor.
An immediate allergic reaction means a reaction within 4 hours of getting vaccinated, including symptoms such as hives, swelling, or wheezing (respiratory distress).
If you aren't able to get an mRNA COVID-19 vaccine, you may still be able to get a different type of COVID-19 vaccine. Learn more information for people with allergies."
If you're allergic to pollen, not to worry. But: "If you have had a severe allergic reaction or an immediate allergic reaction—even if it was not severe—to any ingredient in an mRNA COVID-19 vaccine, you should not get either of the currently available mRNA COVID-19 vaccines (Pfizer-BioNTech and Moderna). If you have had a severe allergic reaction or an immediate allergic reaction to any ingredient in Johnson & Johnson's Janssen (J&J/Janssen) COVID-19 vaccine, you should not get the J&J/Janssen vaccine," says the CDC. "If you aren't able to get one type of COVID-19 vaccine because you are allergic to an ingredient in that vaccine, ask your doctor if you should get a different type of COVID-19 vaccine."
https://www.eatthis.com/news-covid-vacc ... tions-cdc/
https://www.eatthis.com/news-cdc-do-not ... d-vaccine/If you have an allergic reaction to your first dose of an mRNA COVID-19 vaccine, you should not get the second shot, the Centers for Disease Control and Prevention advises. That guidance applies to both severe and non-severe allergic reactions, the CDC says on its website. The mRNA vaccines are the two-shot regimens produced by Moderna and Pfizer; they're called mRNA vaccines because they use messenger RNA to prompt the immune system to create antibodies to the coronavirus. The newly approved one-shot Johnson & Johnson vaccine is not an mRNA vaccine—it uses a weakened, harmless adenovirus to provoke an immune response. Read on to see if you should get the vaccine—and to ensure your health and the health of others, don't miss these Sure Signs You've Already Had Coronavirus.
We have a subscriber that was able to get a exemption as he has high blood pressure. Since his Dr is open minded, the letter was phrased to indicate the blood pressure was a tad bit higher than his current readings, which placed him in the very high blood pressure group. According to this person. One of his friends went to Mexico and got a similar letter from a Dr even though he does not suffer from High BP. While this Chap was down there he stated that there were places one could pay to get a certificate. As the last part is third hand information. i don't know how valid it is.
When the words short term appear under any post; the same conditions listed in the Market update under the short term category apply
The end is always near; its the beginning and how you live each moment that counts the most
The end is always near; its the beginning and how you live each moment that counts the most
- Yodean
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Re: PEG
PEG (polyethylene glycol) is in a lot of different things, and is available OTC, in the U.S., depending on formulation.
Here is an example: https://www.goodrx.com/polyethylene-gly ... quantity=1
Technically, you don't even need to have a bottle to show your MD. You could say that you took PEG a long time ago (i.e. for constipation), and developed a bunch of allergic symptoms.
*****
As for the 2nd-class citizen bit, that's another tactic to divide the population, to make us play the "Everybody vs. everybody" game ad infinitum.
I'm somewhat used to it as I grew up the son of immigrant parents. Faced my share of racism, etc., still do a bit, although it's not too bad in Toronto.
It is what it is, it's not going to change - it will only get worse.
Vaxxed Sheep vs. Unvaxxed Wolves. Unfortunately, the Sheep have the guns and the laws on their side.
The outcome hasn't been decided.
Buy Fear, Sell Euphoria. The Neonatal Calf undergoes an agonizing birthing, while the Bear falls into hibernation.
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End of Financial Privacy: The Police State gathers momentum
Biden administration wants IRS to monitor people’s bank accounts more closely — will it catch tax cheats, or invade privacy?
https://www.marketwatch.com/story/biden ... eid=yhoof2
This law is not to catch TAX Cheats for the super-rich have many tools they employ and this will do nothing to deter them. However, it will screw a lot of regular people. The mandate is completely idiotic and stupid. If it becomes law, well I might have to give serious thought to looking into greener pastures,
.In the ongoing debate over tax hikes for the rich and multi-trillion dollar government spending on the social safety net, a much smaller dollar amount is catching a lot of attention.
A Biden administration proposal calls for Internal Revenue Service monitoring of people’s accounts to kick in at the $600 mark.
Specifically, the administration wants to require financial institutions tell the IRS about the aggregated “inflow” and “outflow” from bank, loan and investment accounts, according to Treasury Department documents. The rule would apply to personal and business accounts, but it would not involve handing transaction-level details over to the IRS. The reporting would be done on an annual basis and the threshold for reporting would be $600 — a level that could increase in the Capitol Hill give-and-take if the idea becomes law.
“This proposal would create a comprehensive financial account information reporting regime,” the Treasury Department said in May. Since then, people such as Treasury Secretary Janet Yellen have defended the idea, saying it may serve as a valuable data point in the administration’s quest to make sure rich taxpayers pay their full tax tab.
Dealing with wealthy households that may have “opaque” or “hidden” income sources, Yellen on Tuesday told CNBC that “a simple way for the IRS to get a sense of where that might be is just a few pieces of information about individuals’ bank accounts, nothing at the transaction level that would violate privacy.”
Banks already have to report to the IRS when accounts accrue interest above $10, she noted.
It’s not so simple, say critics, who range from the banking sector to privacy advocates.
The reporting requirement would be a dragnet for regular taxpayers, not a target on the rich, they say. The proposal for more information amassed by financial firms and gathered by the IRS might also be asking for trouble in an age of identity theft and data breaches, some note
https://www.marketwatch.com/story/biden ... eid=yhoof2
This law is not to catch TAX Cheats for the super-rich have many tools they employ and this will do nothing to deter them. However, it will screw a lot of regular people. The mandate is completely idiotic and stupid. If it becomes law, well I might have to give serious thought to looking into greener pastures,