Treasury Secretary Janet Yellen makes clear the coming invasion!

Astoundingly, Yellen “cleared up” the proposed reporting by banks to the IRS of all transactions over $600.

Nah. That would have been just the most invasive assault in history on the rights and privacy of just about all Americans.

Not good enough. Yellen, a barely functioning socialism sycophant, explained that our new totalitarian masters want banks (and your credit unions – can credit card providers be far behind) to report full-year inflow and outflow information from bank accounts with more than $600 in TOTAL ACTIVITY. Think that out! Fathom how many bank accounts in the hands of adults have less than $600 TOTAL activity over one year. I reckon there must be some, mostly inactive ones.

Yellen said this is an effort to target rich tax cheats.

When our youngest child was born, my mother, never of relevant means, opened a bank account for her with $100. Throughout the years, for every special occasion and sometimes “just because”, she would deposit a little money in the baby’s account. Never more than $100 at the time. In Susan Rice’s (ahem … Biden’s) America, that would make our one year old little girl a possible tax cheat!

If that was in the present brave new world, might our barely one year old have been visited by one of the many new Biden IRS agents or served a warrant by some federal law enforcement agency? After all, she had unreported income!

First, who does NOT have a bank account. Reasonable to think that the astounding number of homeless (to be culturally woke: people experiencing houselessness) do not have bank accounts. Then there are the paranoiac mattress-stuffers. And finally, for a number of reasons, people who chose to simply not exist on paper.

That leaves over 95% of Americans who are banked! How is that for a wonderful constituency  for the socialists to invade and concur!

Then, think about the amount: $600 in the aggregate, for one year. I will forego a compelling, comprehensive enumeration of ordinary transactions. Rather, I will opine that 95% of all of you have aggregate banking transactions of $601 a year. Even many of your babies, with little baby accounts.

Here come the tax-man. And that ain’t no Beatles lyric.