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on Monday, May 5th, 2008 at 11:36 am by Radley Balko
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12 Responses to “Giving Them the Rope to Hang Themselves”
“My friend tells the story of the first person to purchase an electric bicycle, which cost the equivalent of $1,070. This man had a small butter factory that apparently was very profitable, since he was selling the butter at a lower price than the government. After buying his electric bicycle, the authorities investigated him and discovered his factory. They proceeded to confiscate everything they found in his home, including the bike.”
Ya know…nowadays its easy to compare and contrast this action with similar actions done in our own country. At least they didnt taze him…
In this country they don’t have to do goofy stuff like that. Here, all your financial transactions are automatically routed through the government which compares your income to your savings and expenses in the blink of an eye. If your income is too small for your expenses, they raid your house looking for drugs. If they find that your income exceeds your savings and expenses, they raid your house looking for the excess cash.
If your income equals your savings and expenses, they sometimes raid your house anyway.
I am surprised no one talks about the need for larger denominations of dollar bills. If no new bills are introduced, because of inflation, eventually it will be impossible to do most transactions in cash. This will make it much is easier for the government to track your finances.
Remember the (quickly-buried) idea floated by a Clinton-administration Fed official that cash should be made non-anonymous?
That got shot down pretty quickly (it was the era of the “Clipper chip” battles, and privacy and anonymous ‘net use were at the forefront of many minds), but maybe this is an institutional means of accomplishing the same end without any large, notable individual act to make it so?