The @BarackObama #FATCA law: “an absolute disgrace and a dark spot in history”

The above includes some of the text of a comment at the Isaac Brock Society. The comment should be read by all Americans abroad.

Excellent post and I couldn’t agree with you more. I wouldn’t take back US citizenship if they offered it along with no tax obligations, a once a year round trip ticket to the US destination of my choice and leaving me alone forever. No, I wouldn’t want it back because any country that was capable of doing what they did to their expat community and continue doing those same things to their expat community, in spite of all of the articles and pleas alerting them to the fallout and with constant alarm bells ringing and do absolutely nothing, is not to be trusted under any circumstance. I too sadly agree that nothing will change regarding moving to RBT and FATCA wont be repealed either, in my opinion. There is too much to be made by picking the pockets of innocent folks living outside of their ever tightening borders, folks who have little to no say in the laws that are being thrust upon them, no representation in Congress and no interest whatsoever in speaking with them from US lawmakers. Like you say, “Is holding on to the nostalgia of one’s origins worth all that?” Absolutely not! To continue to be exploited, extorted, controlled, be under permanent surveillance, financial and otherwise, while living in another sovereign country, where I am and have been a citizen for nearly my entire life, makes the decision not to accept US citizenship, should it ever be offered back a no brainer. I recommend anyone reading this, in a situation of trying to decide what to do and wondering if, just if, things will change for the better, you should seriously consider renouncing, sooner rather than later. Things are not likely to improve and may in fact even get much worse. I felt ten years, or more, younger after renouncing and now live, invest and see life as a much freer and unburdened person. I will never forgive nor forget what Obama’s FATCA and related laws created and how much damage they did in destroying the overseas US community of citizens and deemed persons. It is and still remains an absolute disgrace and a dark spot in history.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s