By attempting to impose FATCA on the world, the US is attempting to place the world, not in its hands but in its Iron Fist.
The US is leading the world into a frightening Orwellian future. Those of you who have read Orwell’s 1984 will recall the importance of language. Language is used to shape our attitudes. Language is used as a means to enhance and contract our understanding of issues. Hence, the importance of “Newspeak”.
Today I had an interesting thought (a rare event). I realized that all of the discussion of US tax laws uses the language of “citizenship-based taxation”. This is misleading language. US tax laws apply to far more than US citizens. The Internal Revenue Code speaks of “US persons”. Continue reading