Evil is as evil does. “Insider discussion” about FATCA.
There is a “dark side” to a humorous post: Rick Mercer Report: Foreign Accounts Tax Compliance Act which suggests:
The question: Are you or have you even been an
member of the Communist Party American?
It’s generally agreed that either China or Canada would be a FATCA Terminator. The thinking of the Chinese Government is difficult to interpret.
On the one hand:
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their creator with certain inalienable rights, that among these are life, liberty, and the pursuit of happiness. That to secure these rights, Governments are instituted among men, deriving their powers from the consent of the governed. That whenever any form of Government becomes destructive of those ends, it is the right of the People to alter or abolish it, and to institute new Government…
It would have been quite impossible to render this into FATCASpeak while keeping to the sense of the original. The nearest one could come to doing so would be to swallow the whole passage up in the single word crimethink. A full translation could only be an ideological translation, whereby Jefferson’s words would be changed into a panegyric on absolute government.
A good deal of the literature of the past was, indeed, already being transformed in this way. Considerations of prestige made it desirable to preserve the memory of certain historical figures, while at the same time bringing their achievements into line with the philosophy of Amtot. Various writers, such as Eric, Orwell, Just Me, Em, Badger, Calgary, Plato, Petros, Deckard, Joe Smith, SwissPinoy, Jefferson Tomas, Blaze, Outraged Canadian, Roger, Nobledreamer, Tim, Victoria, Bubblebustin, Recalcitrant, Markpinetree, Pacifica777, usxcanada, RenounceUScitizenship and some others were therefore in process of translation: when the task had been completed, their original writings, with all else that survived of the literature of the past, would be destroyed.
FATCA – “The New Tax Law For Americans Abroad” is an interesting video.
The title: FATCA: “The New Law FOR U.S. Citizens Abroad” almost makes it seem like a benefit/gift for U.S. citizens abroad.
Put it this way: