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
Discussion
Inflation solves every problem . . . for government.
And they STILL want $600 reporting.
FML with these tyrants.
To be someone who can transact such high amounts…
