What if the US wants you returned to the Homeland? The conventional wisdom is that there is not much the US can do if you are not within their borders. This is a complicated question. There are at least two issues:
Assuming a violation of U.S. law, under what circumstances will an extradition treaty provide for extradition to the U.S.?
Confiscation of assets is a direct attack on the principle of saving!
If you haven’t heard by now, Cyprus has announced the direct confiscation of money in its citizens bank accounts. The announcement was made on a Saturday when the banks were closed. The banks remain closed for a bank “holiday” and the only issue is how and what percent of people’s “after tax” savings will be confiscated from them. As one commentator has suggested Cyprus appears to employing a (contextually) clever “divide and conquer” technique – turning citizens against each other. Those with fewer savings will have less stolen from them and those with more savings will have more stolen from them. What could be more just than that?
The title of this post was a Google search term that led to a number of hits. A search on Bing led to an equally impressive number of hits. (Note that each search revealed results for “why we are so cruel to us citizen living abroad“.) Fascinating question. How can this be? Why is this so?