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Replying to Avatar Hank Rearden

The bank secrecy act was passed in 1970 requiring banks to report transactions over $10k to the government. It has not once been adjusted for inflation. $10k in 1970 is worth roughly $78K in 2023. A neat trick to increase surveillance year after year

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Nunya Bidness 2y ago

Inflation solves every problem . . . for government.

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