David Nguyen has written a piece called “New Rules: You and The IRS This January” discussing new regulations brought about by the healthcare legislation passed by Congress. (You can click on its title to view the text or watch the video below.)
In a nutshell, the IRS will have more teeth to enforce regulations meant to make sure money gets squeezed out of us to pay the freight for so-called healthcare reform. Here’s what it boils down to, as quoted from Nguyen’s article.
“Many struggling small businesses will be crushed underneath the pressure of painstaking record-keeping, productivity loss and increased taxes. Failure of small businesses will create more unemployment. More unemployment will result in more welfare and reliance on the government. The government will then want more tax money.”
Part of this is designed to foster a cashless society. Why should your business keep meticulous records when credit card companies and PayPal will be keeping more of their own as they monitor our transactions more closely?
Nguyen offers a few solutions at the end of his article, but the best is that individuals can take advantage of their choice to “protect their assets and privacy by turning away from credit and debit cards and trading in cash, precious metals and barter.” As he points out, this would have the benefit of bolstering local economies.
Did you catch that? You as an individual can-perhaps must–work around and outside of the system that’s being forced upon us.
Another set of changes could be the fallout from food safety legislation, if Congress passes it. Something I read the other day speculated about one scenario producers might face when selling at a farmer’s market.
It goes something like this. Suppose your small farm is exempt from tightening regulations if your income is under $500,000, and you sell only to those living within a 275 mile radius. Theoretically, you’d have to check the ID of a customer who buys a few vegetables from you to be sure she’s not from farther out than 275 miles.
Who’s going to jump through such hoops? And who’s going to check up on you if you don’t check every customer’s ID?
Who’s going to fill out all the 1099 forms required by the new IRS regulations referred to above? Will you submit a 1099 form to every place you do business with when you spend more than $600 with them in a year?
Can you say “underground economy?” How about “black market?” Should we pick up some techniques for survival from criminals and outlaws?
Please understand. I’m not encouraging illegal activity. But every time I see one of these news items or commentaries pondering the crushing changes being imposed upon us, or those being pondered, I can’t help but believe this will foster an atmosphere for corruption, bribery, or any other means necessary to function.
You know it will happen. I’m not naïve enough to think we live in a pure world now, but surely a growing number of decent people with an instinct for self preservation will decide to color outside the lines.
I’m not talking about small businesses only, but about you and me as individuals. How are we going to face the oppressive bureaucratic paperwork and rules we’re being plunged into?
Somehow millions of people have survived the oppressive communist regimes in the old Soviet Union and Eastern Europe, China, North Korea, and in other repressive countries. On the other hand, many millions didn’t make it.
How will we survive the higher level of oppression that’s coming our way? What must we think and do when we think survival in a burdensome system that’s sure to collapse?