http://online.wsj.com/public/resources/documents/PaulLetter050714.pdf
“To be clear, I certainly do not condone tax cheats, but I can’t support a law that endangers regular foreign investment and punishes every American in pursuit of a few tax cheats,” he wrote. “Most importantly, I cannot support a bulk collection tax treaty that has complete disregard for the important protections provided to every American by the Fourth Amendment.”
http://blogs.wsj.com/washwire/2014/05/07/rand-paul-fights-tax-treaties-citing-privacy-concerns/
Bucking pressure from businesses and fellow lawmakers, Sen. Rand Paul says he will continue to oppose tax treaties that would let the Internal Revenue Service gather more information about Americans’ overseas financial accounts.
The move dims the outlook for a planned Senate vote on the treaties, while highlighting the Kentucky Republican’s contrarian streak. The treaties – including a significant one with Switzerland – enjoy widespread support among lawmakers of both parties. But Mr. Paul, who is preparing a 2016 presidential bid, believes they would encourage government snooping and erode Americans’ privacy rights.
More power to him, I say.
Never thought I’d see the day I would agree with a right wing Republican politician from Kentucky.
Never thought I would be on the same side as Rand Paul. I don’t think it does our cause much good to be linked to an extremist like him.
Rand Paul should be thanked and supported. He is a Libertarian and someone who understands the damage caused by and the danger of FATCA, the NSA and the IRS.
You have to give it to him for sticking to what he feels is right.
@Islander and @Shunrata:
Rand Paul is an exceptional Senator and one who has fought FATCA from the beginning.
He is correct in the protections the 4th Amendment affords all Americans and he is correct about how FATCA walks all over citizens rights no matter where they are in the world.
He has also launched a class action law suit based on that same 4th Amendment against NSA and all the spying they are doing.
He deserves our respect and certainly our support. Would we had a Senator like him in OUR parliament!
OR two or three.
I know Ted Cruz and Mike Lee also agree with the concepts of protections the Constitution afford.
I do not know why one would consider it undesirable to have Rand Paul on ‘our side’. If you are a freedom loving individual,who values privacy and is willing to fight against unwarranted and illegal intrusion into into each individual’s life, based on the flimsiest of pretenses, as FATCA does,not only threatening penalties, but sanctions against all who object to this gross and illegal intrusion, one would be hard pressed to have a more capable champion!
opps – meant Rand Paul – and I posted a comment on the WSJ article
I have supported Ron Paul all the way because of his defense of the constitution, not because he is right or left or Libertarian or whatever uninformed people want to call him. Rand Paul is the best things we have going for us. We are complaining that our sovereign rights are being trampled on and yet a couple people hare call him an “extremist”?
I say those people are definitely on the wrong forum. Might I suggest this one instead?
@FuriousAC,
I didn’t say I consider it undesirable to have him on our side, I’m just surprised that we’re in agreement on something. 🙂
What our southern neighbors are doing right this minute
This guy Rand Paul sure makes is getting in the way of putting everybody in jail, which is what all of the rest of them want to do.
This guy Rand Paul sure is getting in the way of putting everybody in jail, which is what all of the rest of them want to do.
I just posted this comment:
@Deckard
Can I quote you?
@shunrata
Absolutely.
Rand Paul is a hero and the only one who is absolutely NOT a hypocrite!
@Deckard1138
VERY GOOD COMMENT. One of the best! Keep pumping them out!
@deckard 1138
your comment ROCKS. truly the sun never sets on IBS…..
@Deckard
Excellent comment! But can you explain to me what “grassroots” means? Is grassroots a positive thing? For me, it holds the connotation of being a bit amateur?
Grassroots simply means from ordinary folks.
Didn’t know where to put this one…
Interesting read
http://armstrongeconomics.com/2014/04/06/the-man-who-thought-he-was-king-and-wants-to-rule-the-world/
Excellent Deckard – have printed your truthful words – on the fridge for all to read!
@Deckard
May I send this to my US relatives and ask them to send it along to their legislators? (Seems each US legislator must be emailed via their own web page and a US addy must be included). I would so love to see you submit this to the large US papers and TV news folks. This would be something my dear Rachael Maddow could sink her teeth into. Front page of the NYT is where I want to see it!!!!
I’d like the see the global political reaction if the US starts using the 30% sanction tax to enforce FATCA. Please remember in the late 1940s the US dollar was the logical choice for a reserve currency. However, in world 2014, the US dollar is being ‘allowed,’ by the rest of the world to continue this privilege. If the 30% sanction tax is used what is the US going to do about the BRICs doing work arounds the US dollar? Answer not much.
If the US dollar becomes a ‘pain the neck,’ to use for trade, governments/corporations of the world will start voting with their feet rather than submit to all the red tape and regulation.
So do I use the US dollar with all the bulls**t attached or use the trade friendly Yuan or Euro?
@Deckard1138
Very well stated. Sums up what I have also been thinking but could not seem to put into words.
@shunrata and @Islander
Think about what I have to deal with. I agree with Rand Paul on many, many issues (not all). But now I have more respect for the NDP, who are standing against big government overreach, than I do for the Conservatives, who are in bed with the Obama (and Reid and Pelosi) Democrats. I would have thought that Harper and Obama would be strange bedfellows, but Harper has obviously been seduced. From my perspective, the Democrats are acting like Democrats (and so are the Conservatives) while the New Democratic Party are acting like Conservatives.
As Canadian Cop points out, the political world is definitely topsy turvy on FATCA.
On FATCA, I don’t care if someone is right wing, left wing or turkey wing. I care what he or she will do to Stop FATCA.