The United States has become a world-class bully of epic proportions. With its finances in shambles and its government in turmoil, the USA has turned to fleecing its expatriate citizens in an attempt to put money into its coffers. The land of the free and home of the brave has resorted to holding the proverbial exhorbitant taxation penalty to the heads of those middle-class American expatriates (dual citizens and landed immigrants) in a blatant show of mafia-like extortion.
And yet, this is only a small symptom of "class warfare". The ordinary American could care less what the US Government is doing. They only care to eat what patriotic bullshit that they've been fed from the time they were knee-high to a grasshopper. The usual "The United States is the policeman of the world", "The United States is the epitome of freedom", "The United States is the best country in the world"...and the most repugnant of all this bunch of patriotic bullshit is "The United States is God's gift to Man". Oh good God. If this is what God's gift is...I'd rather do without, thank you very much. The ones who don't put up with this bullshit are called leftist socialists and commie pinko lovers.
FATCA has turned expatriate citizens into involuntary tax-evasion criminals. How many families will be ruined by Obama's HIRE legislation? My wife has decided that remaining American is no longer an option. She grew up a loyal American and wanted nothing more than to remain an American. FATCA and FBAR is giving her no other choice any more. That combined with her desire to have a vote in the municipality and country that she lives in.
As a Canadian, I'm finding it absolutely repulsive how snowed I was by the potential of the American dream. As I grow older, I realize how much of an illusion the "American Dream" is. When the option in American healthcare is "if you have the money, you get the care, if you don't you die..." it's not a dream, it's a nightmare. My mother-in-law, I had to support while the United States Government got their act together to decide whether to give her Medicare for her health problems or not. Some of my cousins (on my wife's side) have to decide whether or not to eat or go to the doctor to make sure that their health problems don't overwhelm them. IS that the American dream? 'Cause if it is...I sure as hell would hate to know what the "American Nightmare" is.
FATCA and FBAR has the potential to screw up the finances of every dual-citizen/landed immigrant family as well as their Canadian spouses. With the birthright citizenship legislation, even our children are not safe from this taxation grab. They are making a grab for RESPs and birthright citizen children's bank accounts as well. If you get student loans or any form of court decision involving a sum of money, you will be taxed on that as well. In other words, the United States has you by the short and curlies.
This legislation has the serious implications of screwing up Canada's economy. With so many Canadian citizens (of dual citizenship origin) rendered financially insolvent, there will be a run on social services and Canada's pension plan will be non-existent by 2030 if this legislation is not repealed. So what this is, is the United States waging financial and economic warfare on Canada. If the reverse were true, the United States would be aiming its nuclear warheads on the offending nation.
The United States with its FBAR legislation is contravening every single foreign nation's privacy legislation and is throwing their weight around like a 800 lb toddler throwing a temper tantrum because all it's toys in the toybox are broken and it wants other people to fix its problems. It's high time that the rest of the world told the United States that we will not fix their broken toys.
...and EMPHATICALLY SO!
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