Infrastructure bill cryptocurrency surveillance provision is a privacy disaster

Re:Infrastructure bill cryptocurrency surveillance provision... by Communitivity on Tuesday August 03, 2021 @08:55AM (#28048570)

> Do you also call it a "privacy disaster" when your bank account requires your name and address so they can report interest payments to the government? Or when Robinhood/Schwab/Vanguard/Etc send the IRS a list of all your stock transactions for the year in a form 1099?

Yes, I do. The IRS has slowly gathered power since 1913. Federal taxes were supposed to be short term and temporary, for war levies and such.

Furthermore, the tax code within the constitution controverts itself: "all Duties, Imposts and Excises shall be uniform throughout the United States" - I.8.1

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Re:Infrastructure bill cryptocurrency surveillance provision... by api on Tuesday August 03, 2021 @09:10AM (#28048697)

I also must throw in the fact that IRS enforcement is disproportionately against "regular" people. The IRS doesn't go after enormous tax dodging billionaires very often, because going after some small business owner who mis-reported something or is trying to squeak something by is a better way to make quota.

It results in yet another area where "laws are for little people."

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