Forbes’ Robert W. Wood is clearly feeling conflicted these days, as he asks:
Is Opposing FATCA Supporting Tax Evasion?
I’ll resist too much editorializing for now and simply urge as many Brockers and Sandboxers as possible to get over there and help Mr. Wood (and his trusty side-kick Lesperance) to get in touch with their inner consciences and come out forcefully on the right side of history.
There is nothing inevitable about FATCA except that our grandchildren will surely be reading about it in school some day. There is still plenty of time to change the course of history, as Nelson Mandela taught the entire world. This is hardly the time to give up, and methinks Mr. Wood just needs a bit more cogent and positive encouragement. Remember, we’re all basically on the same side, so let’s start getting it together.
@northernshrike – one point on your comment however … the US is the main source of dirty drug money … they are the biggest consumers of illegal substances. It is the other countries of the world that need to be protected from the dirty money coming from the US.
@Northernstar
I don’t think Wood thinks that CBT is good, only that it is impossible to eliminate. He looks for work-arounds. I believe he argues this in good faith.