Meet The Italian Government's Orwellian New Automated Tax Snitch

Authored by Simon Black via SovereignMan.com,

By the end of the 3rd century AD, the finances of ancient Rome were in terminal crisis.

Years and years of debasing the currency had resulted in severe hyperinflation– a period of Roman history known as the Crisis of the Third Century (from AD 235 through AD 284).

During the time of Julius Caesar, for example, the Roman silver denarius coin was nearly 98% pure silver.

Two centuries later in the mid-100s AD, the silver content had fallen to 83.5%.

And by the late 200s AD, the silver content in the denarius was just 5%.

As the money continued to be devalued, prices across the Empire skyrocketed.

Wheat, for example, rose in price by over 4,000% during the first three decades of the third century.

Rome was on the brink of collapse. And when Emperor Diocletian came to power at the end of the third century, he tried to stabilize the economy with his ill-fated Edict on Wages and Prices.

Diocletian’s infamous decree fixed the price of everything in the Empire. Food. Lumber. Salaries. Everything.

And anyone caught violating the prices set forth in his edict would be put to death.

Another one of Diocletian’s major policies was reforming the Roman tax system.

He mandated widespread census reports to determine precisely how much wealth and property each citizen had.

They counted every parcel of land, every piece of livestock, every bushel of wheat, and demanded from the population increasing amounts of tribute.

And anyone found violating this debilitating tax policy was punished with– you guessed it– the death penalty.

Needless to say, Diocletian’s reforms didn’t work.

Every high school economics student knows that wage and price controls don’t work… and that excessive taxation bankrupts the population.

But that doesn’t stop governments from trying the same tactics over and over again.

Fast forward about seventeen centuries and Italy is once again in the same boat.

The Italian government is one of the most bankrupt in the world; its debt level is an unbelievable 132% of GDP– and rising.

In other words, the Italian government’s debt is substantially larger than the value of the entire Italian economy.

It’s almost as bad as Greece, and it grows worse each year as the national government routinely runs budget deficits.

Their only solution, of course, is hiking taxes and increasing regulation… exactly the opposite of what they should be doing.

And, just like the ancient Romans, the government is on a witch hunt for anyone they think (in their sole discretion) might be dodging taxes.

They already have a system in place called the redditometro, an automated tool for the tax authorities to comb through income and expense records of Italian residents.

The algorithm finds anyone whose expenses were higher than his/her income and presumes that s/he has been evading taxes.

The irony here is pretty profound given that the Italian government itself has expenses that are higher than its income.

After all, that’s how it ended up with such a prodigious debt level.

Earlier this month, however, the Italian tax authorities rolled out a brand new tool called risparmiometro. And this one is really insidious.

Risparmiometro goes through ALL financial records - credit card transactions, bank accounts, investment accounts, etc. to determine whether or not someone has too much savings relative to his/her occupation.

Think of the implication.

Under the redditometro system, if you spend too much money, they think you’re evading taxes.

But under the risparmiometro system, if you save too much money, they think you’re evading taxes.

Unbelievable.

But it gets better.

Risparmiometro (the new tool) also looks at bank activity to see how frequently you’re using the account.

And if you’re not using the account frequently enough, the government assumes that it’s because you’re dealing in cash… and evading taxes.

I have no doubt that there’s a substantial amount of tax evasion in Italy.

I spend several weeks in the country every summer, and I see how much people and businesses are suffering.

And they’re definitely coming up with creative ways to survive.

But rather than take the necessary steps to liberate the economy, the government continues to double down on more taxes and more regulation… and then invest their remaining energy to develop new tools to spy on their citizens.

Two key points here:

1) Nearly ALL bankrupt governments invariably resort to this tactic at some point.

2) It’s also a great way to engineer a banking crisis.

Think about it– Italy’s banks are already teetering on collapse. Some have already failed, others are almost there.

If Italians know that the government is spying on every transaction they make (or don’t make), who in his/her right mind would want to keep money in an Italian bank?

Anyone with half a brain will be moving funds to Switzerland or Austria.

Italy’s banks are so fragile, though, that they won’t be able to survive if even a small percentage of their depositors flee.

So as the Italian government rolls out this new tool in the latest campaign of its tax jihad, they’re all but guaranteeing widespread bank failure.

It’s genius.

To continue learning how to legitimately reduce your taxes, I encourage you to download our free Perfect Plan B Guide.

Comments

TeraByte Wed, 02/21/2018 - 03:40 Permalink

By the end of the 20th century AD, the finances of Rome 2.0 were in terminal crises. Central bankers in your great wisdom please save us.

Heros Four Star Wed, 02/21/2018 - 03:53 Permalink

Just as with the "refugees" invading Italy, so with their tax burden.  The Italian politicians have no say in these things, the orders come down from their masters who they have sworn fealty to or are scared to death of.

It is the same thing with America's never ending wars and their being flooded with low-IQ invaders.  Even the politicians, Trump included, can't stop it.

It is the Jew World Order.  Planet ZOG.

In reply to by Four Star

Expat Wed, 02/21/2018 - 04:18 Permalink

Wow, so now the government is not entitled to enforce its own laws?  Investigating anyone is "wrong"?

And do you really think the Italian banking system is more carefully monitored than the US banking system?  I would guess that Italian politicians and the ruling class have exempted themselves from these controls and investigations.  That is harder to do in the US so that is probably why we don't have the same systems and programs in place.

Here's a choice for you Zher's:

1.  An algorithm that predicts petty crime and minor drug use in inner city youth.  Subjects are stopped and frisked more frequently; required to take extra classes and sports at school; and monitored at home regularly.  This program is designed to prevent a slide into a life of more serious crime.  Call it "Pre-Gang Watch"

2.  Banking records are closely monitored to record odd transactions to money laundering centers and hot banking zones.  People suspected of unusual activity are closely monitored including alerting local authorities and requesting local surveillance of banking and physical movement.  People who travel to places like Panama, Caymans, Seychelles, and Colombia are very closely watched.

 

Which program do you choose?  Neither?  Or both?

Dratpmurt Wed, 02/21/2018 - 05:26 Permalink

Another country your typical Trumptard can't even find on a map but they won't pass up the opportunity to make retarded comments like they know jack shit.

Lordflin Åristotle Wed, 02/21/2018 - 06:31 Permalink

Pleasant sounding platitudes often do not survive simple deconstruction. In this case confiscation can most certainly be a public good and an individual liability depending on circumstances. More over the entire concept of private ownership is poorly understood or even defined. 

 

In fact, private ownership completely breaks down in an immoral society... one with no definable standards and we appear to no longer have such other than perhaps such deep wisdoms as 'greed is good'...

 

We have descended into a Machiavellian world where the common person spends much of his day attempting to sustain himself while the means for that subsistence slip slides away, at the same time a handful of overlords increasingly struggle under the burden of their stolen wealth... which, among other things, leads to a kind of hubric insanity which is driving this class to spiritual destruction as evidenced by their inability to satisfy their lusts... as those few, somewhat brighter than the rest... live in fear of the consequences  as history is replete with such whose heads have ultimately wound up in a bucket.

In reply to by Åristotle

Gold_Spot Wed, 02/21/2018 - 05:57 Permalink

Of course these old new methods won't work. You know, I know, but they don't. Think for a moment who are the politicians of today or any other day. They are people who could not get a job, and because of this they aim to positions teaching other people how to do their jobs. This combined with greed it results the History of Mankind. sorry, I meant peoplekind.

95% of politicians are failures but as an irony of fate they end up ruling.

bloofer Gold_Spot Wed, 02/21/2018 - 13:12 Permalink

My is that a fair percentage of the offspring of the elites are imbeciles. When you are one of the elite families and you have an imbecile kid who can't be trusted with any real responsibilities and couldn't hold a real job, you arrange a highly-paid sinecure for them somewhere. There are several possibilities: political office, heads of charitable organizations, and administrators of colleges and universities. Hence, all such jobs are populated by morons.

In reply to by Gold_Spot

HpDeskjet Wed, 02/21/2018 - 06:02 Permalink

There is a big lie in this article, italian debt/gdp is DEcreasing, and will continue to do so for at least the next 5 years. Conservative estimate: 132% last measure, 120% in 2025, probably lower.

Reason? MUCH lower interest rate costs Tx to Supermario.

Son of Captain Nemo Wed, 02/21/2018 - 07:38 Permalink

"The algorithm finds anyone whose expenses were higher than his/her income and presumes that s/he has been evading taxes"

"redditometro" might as well be just another form of code for what the "blockchain" in crypto is had the Russian's and Chinese not put a stop to it and thrown it back to North America?...

If those mining servers aren't allowed to feed off sovereign government(s) with sound money like the Russian Federation, PRC and Iran the "blockchain" will most certainly turn into "redditometro" for future confiscation as it can already be traced by the ".govs" that own the highway it's "ON"!...