It is no secret that FATCA teaches Americans to be racist against Americans. Just 4 hours ago, another stateside American honestly admitted that FATCA had caused him/her to be racist against Americans:
Ah but you leave out that countries charge expatriation or repatriation taxes. You get a 95,000 exemption on your Federal taxes which is significantly more than the poorest person in this country but you want more. Ok how about a repatriation taxes that equals 30% of networth upon returning or the equivalent of Federal income taxes for the years you were gone. You can now move completely overseas without giving up citizenship but also probably never return. You people disgust me.
U.S. expats cry foul over tax system
Who are these “people”? Americans. This stateside American is disgusted with Americans, thanks to FATCA. FATCA teaches the American people to hate Americans, as demonstrated.