Yes, I believe that no safe haven in crypto is real, I just wonder if their government is ready for a decentralized system. as we know that the government likes centralized systems with easier control and implementation. but let's see what they will do, because the value the OP mentioned is quite huge, if it can't be handled properly it could be the best jokes in history
It will just lead to more and more harassment for the tax payer.
IRS is properly funded and doesn't need anymore funds. Those who are paying their taxes will continue to do so
and those who are evading their taxes will do that.
Just because $80 billion is given to the IRS, there is no guarantee that suddenly the tax collection is going to increase. Democrats got their power after 4 long years and they seems to be in a hurry to print banknotes. Biden has stated that his "American Families Plan" will cost the treasury some $6 trillion. I am not sure whether the American economy will be able to survive such a massive increase to the federal debt. At this point I have only one advice to the cryptocurrency holders - keep your BTC safe and secure. You will need them soon.
The underlined text is definitely false. The republicans have been cutting IRS funding and staffing for years to make the agency as ineffective as possible. The bolded text is exactly the problem, those evading taxes they owe will continue to do so unless the IRS is granted the ability to bring these scofflaws to justice. And the italicized text is a joke. Everyone knows that more IRS funding will definitely increase compliance and increase compliance, it's exactly the same reason republicans have targeted the agency to shrink its ranks.