Photo by Karolina Grabowska on Pexels The federal government has announced a program to spend $6 billion to boost the amount of property Americans are required to “forfeit” to the government.
It’s a lucrative business for the feds. For example, a report from the Institute for Justice notes that federal agencies grabbed some $45.7 billion in “revenue” by forcing Americans’ to forfeit various assets from 2000 to 2019.
About $31 billion was given to the DOJ’s Assets Forfeiture Fund and about $15 billion to the Treasury Forfeiture Fund.The DOJ and Treasury control that money entirely, and it can be handed out without congressional approval. TRENDING: The insanity of bio-labs The IJ reported the DOJ now has adopted a plan to give private corporations $6.24 billion over a five-year period to “increase the capacity” for more forfeitures.”The sheer size of these contracts demonstrates how forfeiture has become a […]
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