Agreed. The Community Bankers association is requesting that U.S. banking clients contact their elected representatives. Only 90,000 have spoken up so far, more are needed to push back against the normalization of dangerous proposals.
https://www.icba.org/bank-locally/consumer-alert-from-icba & https://www.icba.org/newsroom/news-and-articles/2021/08/19/r...
> While community banks do not endorse such broad IRS access to their customers’ account information, consumers need to be aware of the potential effects of this proposal. Mandating new, broad bank account reporting to the IRS would infringe on the privacy of bank customers, push more people away from a banking relationship and overload the IRS with more personal information about American citizens than it can possibly process or keep safe from a data hack. To be heard in Washington before this bank IRS reporting regime is enacted, you can send the following customizable message directly to your members of Congress and ensure your voice is heard.