Where power and money goes, trouble grows. And nowhere is there more power, money, and trouble than the U.S. government. Back with us today is Matt Welch (reason.com), Editor-at-Large at Reason Magazine. Even though it has never worked, governments still try to tax their way into prosperity. The IRS is now going after back accounts of expats living abroad to counteract what is known as off-shoring one's money. But the offshoring exists because of the IRS's onerous tax practices. Part of this attempted money grab is snooping on financial records – which would set a dangerous precedent. Governments could snoop into your bank account and wield an immense amount of power and influence over anyone at any time.
Studio roundtable today as John, Carol, and Steve look at the potentially dour future of the country after last night's Georgia election and the most likely coronation of Joe Biden after today's debate in Congress. What's happening today is similar to the lead up to the American Revolution in the 1770s. In both eras, the people were not being represented by their government officials. Is there anything we can do? Will it take a revolution today or can we solve things peacefully? It's tough to see today, but the crew gives hope for the future.