The looting was planned, as far a s I can tell, all the way back to 2000. That’s what the Gore election debacle was all about..
Gore would have passed Cap N Trade...not doing so, the piranhas looted Fannie Mae and the mortgage banks..and through them..the US Taxpayer.
The US taxpayer...especially the BabyBoom ..paid into SS and Medicare for 40years. Medicare was just robbed with passage of ObamaCare....SS will be stolen by inflation in the next 10years.
The last looting that is still pending has to do with that little 1099 $600.00 reporting thingy in the DeathCare Bill. It’ll take a couple of years of analyzing where the bulk of those $600 expenditures lay before going after that.
The way in which we concentrate and centralize financial data along with IRS reporting requirements have set us up for this.
I think people will find a way to buy 'shares' of larger ticket items. At the least transactions will go off the radar. We need todo away with the meddling of the government in our personal financial affairs. If they can 'lose' millions of dollars at a whack, why are they so concerned with where I spend a few hundred?