@Mopsicktaxlaw Liked ur post http://t.co/zX4dOZ9HWe #FATCA #FBAR r the expression of a tyrannical gov. U know FBAR was never related to tax
— U.S. Citizen Abroad (@USCitizenAbroad) February 14, 2014
@Mopsicktaxlaw "When people fear the gov there is tyranny, when gov fears the people there is liberty" What's happening in America today?
— U.S. Citizen Abroad (@USCitizenAbroad) February 14, 2014
I am a fan of Mr. Mospick and his blog. Mr. Mopsick has done much to reveal the injustice of citizenship-based taxation. He has publicly stated his opposition to “citizenship-based taxation”. For this he deserves credit. His latest post, although ostensibly about FATCA, reveals much more. He confirms the erosion of privacy and the “one world” agenda of FATCA.
What I find most interesting is this paragraph:
Here is my response: It is true that the creation of a virtual international banking and financial data base is inevitable as an integral part of FATCA, but there is also an element of great sadness when you consider that FATCA, FBAR’s, and the disclosure of foreign financial assets on Form 8938 represent a failure of our traditional reliance on the concept of self-reporting our taxable events to the government. In a “government by the people” which draws its legitimacy from the consent of the governed, there is a basic assumption that an enlightened and informed citizenry can be trusted to fully disclose their tax matters to the government. FATCA is basically an announcement that the self-reporting model is a joke and that people cannot be trusted to honestly pay their fair share. FATCA, FBAR’s, and Form 8938 basically say “you tell us what you have overseas, even if there were no taxable events during the year, and we will let you know if we need to have a chat.”
FATCA and FBAR have nothing whatsoever to do with tax. Tax may be the pretext, but it’s not the reality.
Would be interesting to get your comments on this. He may still be reading this blog.
@ChearsBigEars
Isn’t China still a communist country? This could explain why alot of the rich are leaving China. Ain’t chinese officials the richest in their country. I read somewhere that for a foreigner to send money from China.. u had to provide paperwork of where the money was from.. taxes where paid.. to send a few thousands via wire transfer. I know they tightly hold how much money can be taken out of China…
China is a communist country? Is that what you think?
Here are the real Communists
The Vampire Squid Strikes Again: The Mega Banks’ Most Devious Scam Yet
Read more: http://www.rollingstone.com/politics/news/the-vampire-squid-strikes-again-the-mega-banks-most-devious-scam-yet-20140212#ixzz2tXAYbtot
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@Watcher:
re the quote from Mopsick;
..”…there is a basic assumption that an enlightened and informed citizenry can be trusted to fully disclose their tax matters to the government. FATCA is basically an announcement that the self-reporting model is a joke and that people cannot be trusted to honestly pay their fair share….”…
In that choice of wording Mopsick seems to place the blame on everyone else – other than the US government and the double taxation and confiscatory structures of US extraterritorial CBT. My fair share of US taxes is ZERO, and if the US feels that it does not have to abide by any ethics or justice or fair play in forcing those abroad in the rest of the world to contribute to the US domestic debt – then there is nothing we can talk about.
The more I became ‘enlightened and informed’ about US extraterritorial extortion, the more dishonest and disingenuous it appears to me whenever a US homelander, the compliance industrial complex, and US government speaks of our ‘fair share’ and ‘honesty.
– and @Watcher, I wholeheartedly applaud your rejoinder;
“……FATCA looks to me like an announcement that the government no longer enjoys the consent of the governed, and must now use blackmail, threats and coercion in place of legitimacy.”
Exactly.
I did NOT consent to being governed in Canada, from afar by the US – a second government – from a country where I neither resided, received any services or benefits, have no economic or other interest – other than the accident of a birthplace more than half a century ago, some few remaining family members, and some ancestor stories.
The only way the President of the US, and his government left to me to register my lack of consent was to formally withdraw from US citizenship – but I did so only at the point of the threats of FATCA, FBAR and “foreign trust’ confiscatory penalties – the gun held by the US IRS and Treasury – trained on myself and my Canadian family for the rest of my life if I remained a US “taxable” person. That is NOT a myth.
Are we not to take seriously the US declaration of Independence?;
“When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.”
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just Powers from the Consent of the Governed…”
Declaration of Independence, United States of America, 1776
http://www.archives.gov/exhibits/charters/declaration_transcript.html
“Implied in the principle of consent is the right to withdraw consent…..” http://www.democracyweb.org/consent/principles.php
Chinese millionaires turning backs on Canada: Report
http://www.torontosun.com/2014/02/16/chinese-millionaires-turning-backs-on-canada-report
Even Japanese news services are carrying this story
I sure wish friends here would stop panicking and get out and vote by closing all unnecessary transnational bank accounts and buy gold. This site has had 6.6 million hits. I don’t know how many daily page views there are but I’m sure it is growing by the day. I posit that the Canadian financial system will take a real hit if even 1 million of us buy 10 or more ounces of PHYSICAL gold. Yes I’m harping on this because many here are still trying to play the game the way they want us to. They aren’t going to change so we must change the way we save and invest and that should be outside of their corrupt global system. I hope people are listening.
As I write this gold is up AGAIN….1451.00 CAD up 7.34
While it is volatile and will have attacks against is these should be used to accumulate. The fundamental reasons for switching to gold (say50%) are intact and growing every day. The smart money is moving to protect what they have while others are debating what should be done and debating every little nuance of the tax law.
This is it folks
Gold $2800. Fiction Or Fact?
http://www.kitco.com/ind/Thomson/2014-02-11-Gold-2800-Fiction-Or-Fact.html
Perhaps someone could create a ChearsBigEars gold thread where he can keep us updated in one place without having to put interjections in other threads. I have to say it’s interesting and looks like one of the ways we can fight back but the information is getting scattered.
Thanks EM
I would love that. I agree that the info gets scattered. It would be better to have the separate thread and then rather than posting long dissertations I could just say simply “gold thread update” with a link to it.
@ ChearsBigEars
Just Me has been trying to keep us more organized here for years. Hopeless cause but still we should keep trying. Information and newbies have been coming in at an amazing rate lately. My head nearly pops some days. 🙂
@ ChearsBigEars
I don’t have posting privileges here but you could present this idea to Pacifica777 or Petros. Let’s see — Olympics — gold medals — your gold updates … all seems quite timely. I think I learned about this during the last Olympics, that the IRS even taxes US athlete’s gold medals. Shameful!
EM, I really believe that sussing out the details of the agreement is necessary on in one aspect but it can also be to keep opposition so busy because they can’t make heads not tails of what is required. This is so typical of government by red herring, subterfuge, distraction and many other big words 😉 Meanwhile there needs to be a side of us that fights back and figures out ways to deprive our govenments of what they really want, even if it isn’t directly related. They will not listen to reason, will not change, will not do what’s fair but they expect the meek brainwashed J6P to follow blindly and give up their hard fought for rights. We need to be aggressive and unite to strike back at the financial powers in our government. Leaving the banks for gold is the single most effective way to get revenge. That’s what I advocate. Now if everyone would just take a few hours of their day and act proactively and stop believing in this system then we can accomplish something by pressure. The squeeky wheel gets the grease. We need to courageously and with thoughtful strategy and deliberation strike fear in their hearts equal to what they are doing to us.
@ ChearsBigEars
Ah yes, starve the monster and kick its butt too. I am certain the monster is the worldwide banking cartel. Governments are just as much its slaves as we are … if we allow it.
@ChearsBigEars
Wait until they find out the strings the US are going to attach to them. Betcha they will be pissed when they find out they were advised badly. Asians.. the ones I know personally… don’t like their business known… their idea is the same as ours… what is it your dang business… mind your own… Europe & others countries are more attractive because they are going after them to bring their riches to their countries without putting a noose around their necks