They'd be mad to do this so close to the election. He make an outrageous presumption. As far as I know the U.S. gov, the States and local gov owns personal property through Imminent Domain as ruled so by the Supreme Court last year. I don't think the IRS owns any real assets.
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as far as I can tell pledges every person and all real land in the USA as collateral against a $14.3 trillion dollar loan. the owner of record on that property (every person and all real land) is the IRS.
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Or is it really outrageous?