Summary
Elon Musk has requested access to the IRS’s Integrated Data Retrieval System, which contains personal tax information for millions of Americans.
The request has not yet been granted but has raised alarm among privacy experts and government officials.
Critics fear Musk could misuse the data, especially given his existing federal contracts. The IRS is considering a memorandum to permit access, despite strict rules against unauthorized viewing.
A federal judge has already blocked DOGE from accessing Treasury data, but other agencies remain vulnerable.
All Americans should have their credit frozen in general. You can unfreeze it any time you want to make a big finance decision like a mortgage but there’s no reason to just leave it out there the rest of the time.
That ads friction to the economy, which is why credit was invented.
If we all just started a grassroots campaign in which EVERYONE freezes their credit in March, it will not be awesome for banks.
Why is it bad for banks?
It would slow down spending in the economy simply by being a slight barrier to people getting new credit cards or buying new things. Large banks are also credit card servicers, so they would see direct impacts.
The thing that makes me hesitant about a freeze is losing the code somehow. Not sure what to do if that happens.