These are both valid concerns. I worry the most about 2; because this would mean that the Government would now have very direct control over the financial recor

These are both valid concerns. I worry the most about 2; because this would mean that the Government would now have very direct control over the financial records of all citizens, which currently requires a warrant to obtain today. But it may still be doable; there do exist Federal Agencies that are supposed to be apolitical but we've seen how the current admin has corrupted even non political agencies like the CDC, EPA etc. So ... I don't know. There would need to be better safeguards.