In the following scene, Doctor Who had just saved planet earth from the Atraxi threat to destroy the earth. Now, he calls them back and asks them three questions. The Atraxi answer the questions as follows: (1) earth poses no threat to them; (2) earth has not broken any Atraxi laws; (3) earth is protected, by none other than the Doctor, the last remaining Timelord, in his eleven iterations. Once the Atraxi have fully reviewed the threat to them, the Doctor says to them one word, “Run!”
I want to ask three questions now that the American people have re-elected the Persecutor in Chief of US Expats, President Barack Hussein Obama.
(1) Is the United States likely to repeal FATCA, FBAR, and citizenship-based taxation?
(2) Is the US dollar likely to experience serious devaluation thus making the assets of expats explode in value in the eyes of the IRS?
(3) Are the American people likely to change their opinion of Americans abroad and see them as a persecuted minority rather than tax cheats, traitors, and cowards?
On the basis of a sober assessment of the situation, I have only one recommendation, in the words of the Doctor, “RUN!”
I can only say this: yesterday’s election shows me that the USA is not ready to change this problem for us. And so, I consider my decision to shed my US citizenship wise in that it has solved my immediate problem for the next 4+ years. Had new leadership come in and replaced citizenship-based taxation with one that is residence-based, had suddenly the persecution of expats ended, I might have perhaps regretted my decision to relinquish. Today I stand before you with nothing to regret.