Trump administration is looking to abolish the FDIC.

[Strapped]

Fuk this , overhaul the I. R. S

 

[Afro]

Fuk this , overhaul the I. R. S

Pretty sure they on the list too

 

[Pull Up the Roots]

Fuk this , overhaul the I. R. S

Pretty sure they on the list too

You do understand that what he wants to do with the IRS would only benefit the wealthy?

https://www.marketwatch.com/story/what-trumps-plan-to-end-irs-overstepping-could-mean-for-audits-of-rich-people-and-call-hold-times-for-everyone-else-67e4231e?utm_source=chatgpt.com

The Biden administration tried turbocharging the Internal Revenue Service’s tax-collection capabilities with billions in extra funding and bold audit targets aimed at rich taxpayers.

Those enforcement efforts face a new challenge due to Capitol Hill maneuvers on funding — and it may be a preview of a scaled-back role for tax auditors as Donald Trump returns to the White House and Republicans take Congress next year.

Trump’s team is already telling MarketWatch that he’ll end “bureaucratic overstepping” at the IRS.

Rewind to 2022, when Democrats passed the Inflation Reduction Act, giving the IRS $80 billion in funding over a decade. More than half the money was for increased enforcement, focused on businesses and wealthy households making at least $400,000. The rest of the funding was devoted to better customer service and technology improvements.

The funding infusion was needed to rebuild a beleaguered IRS and narrow a gap on unpaid taxes, where rich tax cheats were big contributors, Democrats said. Republicans, wary of the potential for waste and overreach, have had the enforcement money in their sights ever since.

 

[Kaydigi]

Back to everyday of having a wild Trump headline …

 

[Born2BKing]

I’d do it again. Proudly. I don’t support genocide facilitators even if I agree with the on domestic issues.

nikka what

 

[Uitomy]

The shyt is called doge I mean what do we expect

 

[Robbie3000]

banking insurance is not getting abolished, and you can name the stakes if you want to bet on it anything you want

by the way, if trump is worse for Gaza than biden/harris, will you acknowledge that "losing for gaza" was wrong and stupid? or have you stopped pretending to care about palestine, now that the election is over?

40,000 civilians did not die under a Trump presidency. So it’s a matter of fact that Trump has been better than that ole warlord when it comes to Gaza.

 

[the cac mamba]

40,000 civilians did not die under a Trump presidency. So it’s a matter of fact that Trump has been better than that ole warlord when it comes to Gaza.

what preceded them dying? what action from Hamas terrorists?

 

[Afrodroid]

Getting great every day, amerikkka

 

[BigMoneyGrip]

 

[BigMoneyGrip]

I been saying this.

Reddit cacs copied posts on here from me because they thought it was an absurd idea.

These are absurd times.

All this admin wants to do is enrich themselves, because they desire oligarchy. It's eventually not about money, but maintaining power.

We're literally in the worst fukking timeline.

They forgot it’s millions of guys on the streets of America and Luigi gave the people the blue print

 

[chineebai]

Couple weeks ago I was jokingly saying fdic is next , didn’t think they actually consider it. The banking system already rigged to hell and they want consumers to have even less confidence in it?

 

[Vandelay]

They forgot it’s millions of guys on the streets of America and Luigi gave the people the blue print

I love that Luigi is becoming a verb.

My fear is we're going to have so much misinformation, fear, and authoritarian hold, no one stands up.

Authoritarianism never holds up, especially when quality of life declines which we're going to have a massive great depression style reset, but the level of totalitarian control that Trump is about to have is unprecedented. Like I'm hard pressed to name another regime besides modern day China that has had this level of control; all arms of government, the "popular" vote, an incredibly stupid populace, pretty much the entire tech and defense industries, mainstream media is sucking his dikk...AND the military.

And if we being real...I see him making his own private army ala Hilter's Brownshirts because I bet you...I LITERALLY BET YOU he doesn't trust the Secret Service.

 

[OperationNumbNutts]

This shyt is like watching water getting ready to boil. We are going to have billionaires running federal agencies, a republican controlled congress (right wing nut jobs), and democrats like Joe Machin and Jim Clyburn who will kiss Trump's ring.

 

[OperationNumbNutts]

To those that don't know, if a bank goes under, by law the FDIC reimburses you back every penny up to $250k.

Prior to the FDIC, whenever a bank went under, you lost every dime you had in the bank...

^^^ Correct. This is where I put on the tinfoil hat. The big scheme probably is to have people lose confidence in banks and move their money into cryptocurrency. A business Fycklon Musk is already in.