IRS Cracks Down on Venmo Transactions

Opting Out of Corruption with Bitcoin

As part of The American Rescue Plan recently passed by the Biden administration, the IRS is coming after your Venmo and Paypal transactions.

This new regulation will force digital payment apps to report any earnings over $600 directly to the IRS.

How does this move by the Biden administration take us one step closer to an authoritarian future where every transaction is surveilled and instantly reported?

How unsurprising that the IRS is ramping up to target more tax dollars from American citizens and small business owners.

Meanwhile, despite record inflation and plenty of problems to solve at home, US politicians refuse to provide transparency into how over $100 billion in Ukrainian Aid is being spent.

"Rules for Thee, Not for me."

To add to the hypocrisy, the Pentagon just failed its audit for a 5th straight year and cannot account for over 61% of its $7.2 trillion balance sheet.

There is absolutely zero accountability into how billions and trillions of US taxpayer money is being spent, but misreport how you collect rent from your roommates and you could end up getting penalized by the IRS.

Unfortunately, this is what collapsing empires look like.

The US is losing its stranglehold on the global monetary system, weaponizing the dollar internationally, and tightening capital controls domestically.

As the financial system continues to be wielded as a weapon, more countries and individuals will move away from the dollar.

Bitcoin is a non-violent way to opt-out of a corrupt system with zero accountability.

Ayn Rand wrote an epic book, Atlas Shrugged, about opting out of corrupt systems and creating a parallel society.

Bitcoin empowers individuals to store their money in a system free from government and politics.

In the long term, a sound money Bitcoin standard will force governments to play by the same rules as everyone else. They will not be able to censor, inflate, or seize the earned wealth of people and other nations.

If the current system is "Rules for Thee, Not for Me" then a Bitcoin system would be "Rules, not Rulers."

Now is a great time to build a strong Bitcoin position while we are still in a bear market.