A new senate bill is an attempt to track people’s wealth, from physical wealth to digital currency, with grave repercussions if people disobey it and try to engage in trade with other people freely. According to a Free Thought Project article by Claire Bernish:
“A new bill seeks to track your money and assets incessantly, will enjoin any business with government ties to act as a de facto arm of DHS, and would steal all of your assets — including Bitcoin and other cryptocurrencies — should you fail to report funds when traveling with over $10,000.
Under the guise of combating money laundering, Senate Bill 1241, “Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017,” ramps up regulation of digital currency and other autocratic financial controls in an attempt to ensure none of your assets can escape one of the State’s most nefarious, despised powers: civil asset forfeiture.
All of this under the farcically broad umbrella of fighting terrorism.
Civil forfeiture grants the government robbery writ large: your cash, property, and assets can be stolen completely sans due process, your guilt — frequently pertaining to drug ‘crimes’ — matters not.
A court verdict of not guilty doesn’t even guarantee the return of State-thefted property.”
The US government already practices an unpredictable, thuggish and increasingly reckless form of theft known as asset forfeiture. In the past several years, the police’s practice of legal theft gained seemingly more bureaucratic immunity.
According to an article from the Cannabist titled “Since 2007, the DEA has taken $3.2 billion in cash from people without charging them with a crime”:
“The Drug Enforcement Administration takes billions of dollars in cash from people who are never charged with criminal activity, according to a report issued Wednesday by the Justice Department’s Inspector General.
Since 2007, the report found, the DEA has seized more than $4 billion in cash from people suspected of involvement with the drug trade. But 81 percent of those seizures, totaling $3.2 billion, were conducted administratively, meaning no civil or criminal charges were brought against the owners of the cash and no judicial review of the seizures ever occurred.
That total does not include the dollar value of other seized assets, like cars, homes, electronics and clothing.
These seizures are all legal under the controversial practice of civil asset forfeiture, which allows authorities to take cash, contraband and property from people suspected of crime. But the practice does not require authorities to obtain a criminal conviction, and it allows departments to keep seized cash and property for themselves unless individuals successfully challenge the forfeiture in court.”
These days, it’s difficult to not get depressed about the ever encroaching trajectory of government control over our lives. Through empowering ourselves and exiting the system via lack of dependence on it we can help reverse this.