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AnnR's avatar

"Many people think this is part of reason governments are suddenly pushing for digital currencies; because it’s so easy to know everything worth knowing about someone by their account records." That is absolutely true, but the most important reason is that it's very difficult to tax the cash economy. The federal government wants EVERYONE to be a W2 employee - automatic tax withholdings, W2s get reported to the IRS by the employer, a taxpayer cannot hide when they are a W2 employee. And this brings me to my next thought: this new "public-private partnership" paradigm is escalating and really, the impetus (excuse) that has propelled it forward was the pandemic, but I digress. Anyhoo, government loves large corporations because it's an easier span of control for a government to manage a relatively small number of large corporations that employ millions of (W2) employees nationwide rather than millions of small businesses, entrepreneurs, gig workers, etc. And big corporations LOVE big government because (despite what they may give lip service to), they LOVE onerous and burdensome regulations - because large corporations can AFFORD to comply with onerous regulations - they have the money to hire entire compliance departments. But guess who CANNOT afford compliance? Those nasty and pesky competitors and roadblocks to complete monopolies, small businesses. And thus we have the perfect marriage of the corporate/government state. This is not conspiracy theory, this is firsthand knowledge from my former career.

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Grammy's avatar

Jeff….thanks so much for using plain English to report on the doings of the DOJ/ FBI antics. It’s very confusing to most of us!

And the humor with it is so welcome!!

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