At a press conference on August 12th, 1986, President Ronald Reagan said, “The nine most terrifying words in the English language are ‘I’m from the government and I’m here to help.’”
These words reflected the general and growing distrust of the government.
Today, this quote could be reinterpreted to say, “I’m from the federal government, give up your personal data, and as long as you don’t step out of line, we will keep you safe”. Not as snappy but truer today than ever before.
By the end of this year, every citizen in the United States will be required to hand over the personal data of their small business, S-corp, LLC, HoA, Board of Directors, Trustees, Real Estate Holdings, etc., to the Federal Government’s law enforcement database, operated by the Financial Crimes Enforcement Network (FinCen) under the Department of Treasury. Welcome to the Corporate Transparency Act (CTA).
President Trump saw this act for what it was, just another way for the Federal Government to target the middle class and their political enemies. President Trump vetoed this unconstitutional power grab in 2019, but it’s back.
In an unprecedented…
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