Tuesday, August 7, 2012
IRS actions and reforms you may have missed
The more government meddles with U.S. banking, undesirable results compound and things become more unstable.
The IRS is not only being aggressive in grabbing cash from folks here at home, but has taken on the role of helping foreign governments get a bigger slice of what's on deposit here in the U.S.
While the bureaucrats celebrate more control over the system, people and corporations will simply become more careful about avoiding the thresholds or begin looking for alternatives to bypass the system altogether.
Government is taking our safe haven banking system and making it resemble something more akin to what you'd expect in a banana republic.