Most of the discussion of FATCA revolves the technical complexities, compliance costs and logistical impact on U.S. citizens abroad. FATCA is all those things but it is something far more important.
FATCA is an attack on human freedom everywhere! I have explored this in a previous post: FATCA: Freedom is only one generation away from extinction.
Freedom is never more than one generation away from extinction
“The price for this freedom at times has been high, but we have never been unwilling to pay that price. … I do not believe in a fate that will fall us no matter what we do. I do believe in a fate that will fall on us if we do nothing.”
“But a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever.”
“When people fear their government, there is tyranny. When government fears the people there is liberty.”