Financial stop-and-frisk is coming soon | Editorial columns



The United States Supreme Court in Terry v. Ohio of 1968 granted police officers the limited right to stop and question a person with unusual behavior and reasonably suspected of being armed and currently dangerous. If the answers given do not allay an officer’s reasonable concern for safety, he or she may inspect the individual’s outer clothing for weapons. Commonly referred to as Terry or “stop-and-frisk,” these became routine in New York City in the 90s. Now Democrats plan to roll them out to your bank account. We are all suspects now.

Former New York City Mayor Michael Bloomberg argued that New York’s stop and search policy directly reduces crime. At an Aspen Institute event in 2015, Bloomberg defended the program, stating, “Ninety-five percent of murders – murderers and murder victims – match a single MO. You can just take the description, the Xerox, and distribute it to all the cops. They are men, minorities, 16-25. This is true in New York. This is true in virtually all cities. And that’s where the real crime lies. You have to get the guns out of the hands of the people who get killed. So you want to spend money on a lot of cops on the streets. Put these cops where the crime is, which is in minority neighborhoods. So one of the unintended consequences is that people say, “Oh my God, you arrest kids for marijuana who are all minorities. ” Yes, it’s true. Why? Because we put all the cops in the minority neighborhoods. Yes, it’s true. Why do we do it? Because that’s where all the crime is. And the way you get guns out of children’s hands is to throw them against the wall and search them. “

Members of Congress, the President, and the Internal Revenue Service are increasingly concerned that you are now committing tax evasion against the federal government, and they want your banks to throw you up against the wall and frisk you.

Many Americans deal with cash or with apps that digitally transfer funds between people. They then deposit the funds into bank accounts. From hairdressers to housekeepers and drivers to plumbers, everyone is now suspected of tax evasion. Like stop-and-frisk, this will have a disproportionate impact on minorities and white blue-collar workers, all of whom participate more significantly in the odd-job economy than white college-educated voters.

In a letter to Congress, the Biden administration said it wanted, in the words of the Wall Street Journal, “to require banks to report annual inflows and outflows of bank accounts with at least $ 600 or at least $ 600. $ of transactions “. The requirement would also apply to services such as Venmo, Cash App and Apple Pay – services used by individuals to pay each other. It amounts to a financial stop-and-search program where every American is a suspect, but the little guy is the prime suspect.

Last month, House Democrats withdrew the measure from their reconciliation plan, but Speaker Nancy Pelosi said the measure was still on the table. She defended the proposal last week, saying, “Yes, some people have concerns, but if people are breaking the law and not paying their taxes, one way to follow them is the banking measure.”

While Democrats have touted the plan as a way to target the wealthy, it is very clearly aimed at workers in the odd-job economy. They wouldn’t include services like Venmo if they didn’t.

Democrats and the IRS believe middle-class Americans are not paying their fair share of taxes. Because they are convinced that you are lying, they want your financial institutions to shut down and dig into your finances on behalf of the government.

There are undoubtedly people who do not confess their income. But Congress has assured us that no one who earns less than $ 400,000 a year will be weighed down by his plans. It has already turned out to be a lie, but this latest intrusion and invasion of privacy into our lives shows how much Democrats want government to be ubiquitous, and how Democrats don’t really trust the American people.


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