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December 7, 2022 | Yellen Direct IRS to Audit Everyone for $600 Transactions Anyway

Martin Armstrong

Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

I really do have to wonder if my dog is smarter than most Americans who seem to have just lost their minds. My dog makes connections, anticipates what I will do, and studies my habits to predict and respond. I never knew a dog was really smart. She has learned numerous words and I have had to even spell certain words for she will respond if she hears the word. Dogs are indeed far more intelligent than I ever expected. Various studies show a dog is typically as intelligent as a two-year-old human. I can point in the sky at an airplane and she looks up. Not even a chimpanzee does that, or apparently most Americans. If you point to evidence they will not look.

The majority of Americans just listen to the propaganda, never question anything, and assume the government is always telling them the truth because they care. Janet Yellen tried to get Congress to pass a formal act that banks and everyone had to report on Americans for every $600 transaction. Congress refused and her story was they were after the evil super-rich. The problem, the rich really are not selling stuff on eBay, using cash apps for side deals. That is the realm of the young and lower income.

So after the Biden Administration lost that battle, they simply told the IRS to do it on their own. Any transaction online over $600 is now subject to audit and you will find out the real reason they hired 87,000 armed IRS agents. You certainly do not need 87,000 IRS Agents to hunt down the 735 billionaires in the United States. They outright lie to your face, and many cheer.

People will NEVER wake up it seems. I have known politicians who actually believe that EVERYTHING belongs to the state, they decide how much you are allowed to keep. They must have skipped history class because every Revolution in history was inspired by taxes. Even the famous line from Shakespeare “the first thing we do, let’s kill all the lawyers” actually refers to the king’s prosecutors for private people had no right to a lawyer. It was all about a revolution and the “lawyers” were confiscating people’s houses for their inability to pay taxes.

The American Revolution was also sparked by taxation. Remember the French Revolution and the slogan they attributed to the King’s wife – let them eat cake was also all about taxes and oppression. So history will repeat itself because human nature never changes throughout the centuries. Those in power always want more. They never stop!

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December 7th, 2022

Posted In: Armstrong Economics

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