Yes, yes, you can keep the money if the bank makes a mistake. Even if you don’t know what the bank did, you can try to figure it out. Don’t worry, no one will stop you.
Yes, no, no, no, no, no, we’re not talking about a bank, we’re talking about the IRS. The IRS is the government agency that keeps track of every single dollar you make and spend in any given year. They’re constantly trying to figure out whether you earned it or spent it. If you don’t have a record of income and expenses, they try to steal a chunk of your hard-earned money.
I can hear you all thinking, “but banks arent evil and stealing from your money is wrong!” But that is also the exact same thing you were saying about banks. The IRS, on the other hand, is in the business of stealing from its own citizens. They dont have any moral qualms about doing it. The government, by the way, also tracks every single dollar you make and spend.
So, you are correct. We don’t pay taxes. But if the IRS was to come into our home and try to steal our money, they would have no way to know. The government has always been willing to go to bat for its citizens, so banks are not to be feared. However, a bank is the one that can’t be trusted. And the more banks the government works with, the more trouble it gets into.
If the IRS is interested in taking your money, they probably already know about your bank account. And since the IRS doesnt have a lot of trust in banks (since the government is doing all of the paperwork and such), it can always find a legitimate way to snatch it up.
One example of this is the government getting involved with the infamous “Wannabes” scandal that happened in 2007 when the IRS was forced to seize $8 billion from the estate of a woman named Susan “Wanda” Wannabe. One person was suspected of fraud, and though the government thought Wanda was too smart to have made a mistake like that, the IRS took her money anyway.
But then, who would be the bank that made a mistake? Of course, the answer is you. And it’s not just you, it’s all of us. That’s because banks make mistakes, and that’s why the IRS is so worried about them. One of the keys to banks, as it turns out, is that they don’t make mistakes. They make _mistakes_. They make mistakes that have the potential to cause the collapse of all of our other institutions.
As a bank, the IRS is a private organization called the Federal Deposit Insurance Corp. or FDIC. The FDIC insures that your money is safe and sound in most cases. But just as banks make mistakes, it can happen that money may be taken from you by the government. So all of us who own money that could be taken from us for example, should be sure to have another plan in case our accounts get taken.
The problem is that most people have no idea that the Federal Deposit Insurance Corp. exists. It isn’t as well known as the FDIC, but if you’re an American citizen, you should know about it.
If you think that the bank is a private concern, you probably shouldn’t be spending tens of thousands of dollars on a loan for your home, because the FDIC takes care of that for you. But if the bank is a public institution, like the FDIC, you should be very careful. The FDIC insures that the money that you put in a bank is safe and sound. But a bank is also a government entity.
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