More people fleeing America to freedom

More people fleeing America to freedom

How shameful. America, once the refuge of millions fleeing tyranny, now is seeing its best and brights escape here to freedom:

Night Crossing movie poster

“The main trigger for cutting ties with U.S., several lawyers say, is the Foreign Account Tax Compliance Act, or Fatca, which requires foreign institutions to disclose the overseas assets of U.S. green-card holders and citizens to the U.S. government. The main objective of Fatca is to identify people who may be evading taxes through offshore investment vehicles.

“A growing number of wealthy Americans in Asia—and others with green cards—are exploring whether to renounce their U.S. citizenship or give up their green cards to avoid onerous tax obligations.

“Some U.S. citizens say they are exasperated by a growing raft of paperwork that forces U.S. citizens living abroad to declare the minutiae of their financial holdings and other assets. That has increased the attraction of becoming a citizen in places such as Hong Kong, where the individual tax rate is capped at 15%.”

It sounds as bad as the bureaucracy in the old Soviet Union. And if these people are unfortunate enough to live in California, they face even more battalions of state functionaries seeking to seize their wealth to fund malevolent government programs.

Next, the government will erect a wall, not to keep out illegal immigrants, but to keep in the taxpayers-slaves that pay for the lavish lifestyles of the looters. Call it the Obama Wall.

To figure out what needs to be done, I’m going to watch again the 1982 movie “Night Crossing,” a true story about some families in East Germany who clandestinely built a balloon to fly to freedom over the Berlin Wall. They escape the Stasi, the secret police which, like our NSA, snoops on everything everyone does.

4 comments

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  1. El Kabong
    El Kabong 12 August, 2013, 20:24

    Outstanding, John. I sincerely hope that everyone who wants to whine about their onerous tax burden and the tyrannical government of the United States renounces their citizenship and moves to some libertarian utopia such as Russia, Estonia, Chile, or one of the other “free states” you folks always seem to be pining for.

    At least it would be an educational experience for them. Costly and eye-opening, but educational nonetheless.

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  2. Ted Steele, Prosecutor
    Ted Steele, Prosecutor 14 August, 2013, 07:28

    Me too El—- I hope that traitors and whiners leave lickidy split.

    Somalia is a free paradise, Russia is nice in the fall, heck……take some secrets to China—a regular Libertarian heaven!

    Reply this comment
  3. Lawrence
    Lawrence 15 September, 2013, 01:20

    Obviously Ted and The Kabong have never ventured beyond their front doors unless it was for Uncle Sam under the auspices of the military.

    Reply this comment
  4. James Frothingham
    James Frothingham 12 January, 2014, 09:08

    I will hazard a guess that the servile sounding drones that posted the first 2 replies are neither job creators nor founding stock Americans.

    Have fun paying the bills in CA now thay we’ve shut down our businesses and left CA for good.

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