Automatic Tax Deductions Coming to Your Trading Account Soon?
Consider it a gift from the IRS overlords. Automatic Tax Deductions Coming to Your Trading Account. Our prayers have been answered!
President of the Federal Reserve in Minneapolis tells you what is this about: pic.twitter.com/qP2dCPItHI
— JCS 🇨🇴⚡ (@JCastroS) November 15, 2022
Automatic Tax Deductions Coming to Your Trading Account Soon
Courtesy of our buddy, Edward Snowden. It appears as if Columbia university has hosted a talk with the president of the federal reserve in Minneapolis on the subject of digital payments.
Neel Kashkari, who describes himself as a “pro-growth republican,” cites the success of Venmo to make a case for why there should be a digital central banking currency.
He presents a positive of his proposed central bank currency by the ability to have it automatically lower interest rates. That sounds pleasant.
Until a few sentences later, he adds in that it could also be used to automatically tax users.
Globalists, elitists, technocrats, whichever you want to call them, always admit to their plans in plain speak. It’s only a matter of whether or not we are listening. And in this case, someone was.
The good news is that under Elon Musk’s Twitter, once he sorts out the bots and algorithms, these important proposals won’t go unnoticed.
It will be more difficult to be a late adopter once this information is able to be seen and heard.
Credit card and bank companies Wells Fargo, Citi Group and Mastercard are each participating in a 12-week pilot for an experimental digital dollar in coordination with the New York Fed.
Reading in-between the lines, it seems like the Minneapolis Fed and New York Fed are preaching the same rhetoric.
What happens if users don’t want this central banking digital currency?
Well let’s look at PayPal, the parent company of Venmo, recently?
They were in the press for their updated terms of service which state that users can be fined $2,500 by not complying with any of the following:
- The promotion of hate, violence, racial or other forms of intolerance that is discriminatory or the financial exploitation of a crime
- Items that are considered obscene
- Certain sexually oriented materials or services
- Act in a manner that is defamatory, trade libelous, threatening or harassing
- Provide false, inaccurate or misleading information
While many of the above violations are “no brainers,” the one that stood out to me was “provide false, inaccurate or misleading information.”
Who will judge that?
We are living through crazy times. There’s no way to sugarcoat it. Big tech has completely gotten out of hand and now it appears that banks will be working hand-in-hand with them to monitor users spending and automatically tax accounts.
Elon could not have bought Twitter at a better time.
Hopefully his team is able to implement a free and fair payment system on the app and we can shift away from these power-hungry ideas.
What do you think is really going on?
