Skip to comments.Congress wants to know your eBay buying habits
Posted on 07/28/2008 11:30:52 AM PDT by hripka
A freedom-focused grassroots organization has issued a nationwide alert about a plan in Congress that would require credit card companies, eBay, Amazon, Google and other companies to report what you buy to the federal government.
FreedomWorks chairman Dick Armey said the privacy implications are "breathtaking."
"This is a provision with astonishing reach, and it was slipped into the bill just this week," he said. "Not only does it affect nearly every credit card transaction in America, such as Visa, MasterCard, Discover and American Express, but the bill specifically targets payment systems like eBay's PayPal, Amazon and Google Checkout," he said.
FreedomWorks said the provision is "hidden deep in Sen. Christopher Dodd's 630-page Senate housing legislation." It was added by the bill's managers without debate and calls for a tracking and reporting system "on nearly every electronic transaction."
(Excerpt) Read more at wnd.com ...
Cash is still King.
And they said that it would stop with online cigarette purchases.
I live on Pinot Grigio, ramen-noodle soup, and peanut butter Tiger's Milk bars. My cats will eat anything from a can. There's little else to know. Please don't waste any more time trying to figure out what I buy.
Why would they need this information?
Thus ends my buying on Ebay.
Craigslist is better anyway.
Exactly, and no one is talking about this... just do a google search and u can see it is for real.. the dems were against the patriot act.. but want to know what I buy...jeesh
Good grief! And they've hidden it in the housing bill? I hate this Congress so so much.
If it’s an activity, it’s a taxable activity.
maybe to see what sells fastest and more of so they can tax it too.....i am sure they are devising a way to make money off of it....
I’ll vote for my neighbor’s dog over Christopher Dodd.
Get this traitorous POS out of the Senate.
Is that only because Craigslist is mainly cash?
Cash, out of the range of view from Congress, for now.
I use both. some things are better for craigslust, but require having to weed through more kooks to get a real buyer.
i just love the way they attach crap like this to a bill that starts out with merit. usually though it is something to send money to some politicians state so he will agree to vote for it. if you are going to submit a housing bill then submit a housing bill period. no wonder nothing gets done up there and when it does it is a sham on the people.
Why to know if you are "hoarding" certain goods, of course. This way they will know who to call on when they need to
confiscate ask for donations for the "common good".
Congress’ bailout opens doors to eminent domain seizures
WorldNetDaily.com ^ | July 26, 2008 | Bob Unruh
Nanny State PING.............
I can't even give away a pair of mint condition chrome valve covers that probably fit a small block chevy or ford. I originally bought them on Ebay and the long-since gone dealer said they were for a 304 AMC engine.
When I got them, I had a master bath and bedroom renovation going on and they wound up in the attic, never opened. A couple of years go by and I found the box in the attic and it was a nice day, I figured I would bolt them on. These are too long and lean for my 304. The invoice was probably lost ages ago. I guess they will sit for a while...
If you sell on Ebay this bill will ensure you pay your income taxes. If you buy on line this bill will make sure you pay the sales tax. Plus the little bonus of our friendly government knowing what you are buying. You know,spying on the citizens. I DESPISE Demorats! Bush said he will sign this bill. Looks like the flea markets will make a come back.
Don’t panic. . .they just want a more efficient way to tax you.
Why? 1) So they can adjust tax laws to get more. 2) to track people and make people pay more tax, 3) because they think we are stupid
The Democrat Congress’ Plan for Domestic Surveillence of Americans.
Obviously it’s a way to gague how much more in taxes they could impose.
The President will sign it with a smile.
I knew the answers before I asked my question. The next one is, what to do about it?
Well, pretty much anything can be bought on an electronic card sooo, Let's just go ahead and buy everything that way, one stick of gum, one can of beans, one burrito, one soda, one ink cartridge, one light bulb, one tire at a time. Just drown the bazdards in trillions of transactions. The store owners are going to go berserk on this as the fee per transaction is going to eat them up. They will hammer congress to get this dropped.
In the meantime, one beer, one quarter tank of gas, one comic book, one DVD, one ink pen, one backpack, one loaf of bread, one..., one..., one..., one..., one..., one..., one..., one..., one..., one..., one...
Next the Democrats will decide that the IRS can waterboard you to see if you’ve cheated on your taxes...
You have to remember what’s important to Democrats, like taxes, and what’s not important to Democrats, like national seurity.
Sounds like more business-socialist nonsense...and sounds bipartisan...especially if the GOP Liberal Bush signs it into law.
So much for free enterprise
WHO do you despise?
Our credit card charges will go up to cover this expense.
Somebody heat the tar, I have a feather pillow and a 10 foot long two by four.
Fascism is a "partnership" between business and government where the businesses provide the socialist programs & policies at the expense of the consumer, while the government protects any monopoly that that business has.
They need it because they’re the FedGov.
I live on Pinot Grigio, ramen-noodle soup, and peanut butter Tiger’s Milk bars. My cats will eat anything from a can. There’s little else to know. Please don’t waste any more time trying to figure out what I buy.”
I certainly do NOT think that the founders called for a Congress for them to be investigating my buying habits.
They are waaaay out of line with any of this waste of taxpayer money.
How I spend money when I have some and how I don’t spend when I have none is nobody’s business but mine.
When I win the Lottery, I will spend more.
Right now, with $4 gas and a fixed income, I spend less.
Who do these elite white tower people think they are, anyway????
I think Congress should explain their spending habits first.
The President will sign it with a smile.”
America SOOOOO needs a line item veto..
Why won’t Bush veto it?
Why won’t Bush veto it?
When did Congress get into the marketing analysis field?
I despise Bushorats!
This won’t affect most people...Unless you have a transaction greater than $10,000 or more than 200 transactions (IIRC).
Would you rather have a mark on your forehead or hand? Rapture is this year, Tribulation will start soon. No sarcasm here.
Coincidentally I just canceled my ebay account yesterday, but that was over an unrelated customer service issue.
They won't drown. The stores don't have to track it. The card processing networks are already tracking this information (down to the line item detail for corporate purchases).
Undoubtedly, it will increase card processor and issuer business costs, which may or may not be passed on to the merchants in fees. But the feds don't care about that.
I have recently been involved in a project looking at how the 403(b) retirement plan industry is scrambling to meet the new IRS regs that take effect on 1/1/09. It requires the plan providers and sponsors to track all kinds of new data on participant fund withdrawals (loans and hardship withdrawals) just to make sure the feds can grab their pound of flesh. The industry is scrambling to be able to handle the data requirements -- with some vendors leaving the space, and plan providers (primarily educational institutions and non-profits) having to completely change the way they do business. The technology systems are still being designed at great cost and effort.
The amount of money being spent on the new compliance issues is immense -- all without adding a single penny of actual value to the process (it actually is reducing value). You think the IRS cares about that? (Obviously not.)
So as far as the new reporting requirements in Dodd's housing plan goes, I don't think the idea of drowning the merchants and the feds in this data will have any impact at all on the implementation of this new rule.
This isn’t about buying habits - it’s about trying to catch all of those eBay Power Sellers who are running their businesses under the table and not paying taxes.