FATCA and GATCA implementation and its costs are primarily where the large percentage of the population puts their money: In low-bearing standard savings and checking accounts.
(Yes, it also controls investments and insurance industries which may hold larger asset values, but certainly the largest quantity of control is where the largest quantity of persons have accounts. (FATCA and GATCA costs are not greaer for the account that is $999,999 versus the account that is $50,000.00 . And the small quantity of $1+ million accounts is also irrelevant)
So, what is this revenue that FATCA and GATCA are chasing after? I mean, the FATCA programs that cost $18 to $40 per capita to implement.
Are they so broke that they need the taxes on all the bank accounts of the world that are yielding less than 0,25% interest?
What should we think–knowing that these accounts are all (82%), in high-tax countries, and are all (according to tax treaty) due tax only to the country where they reside?
(Sure, there is some money to be skimmed from investment accounts where a smaller quantity of people are currently making some money. But the quantity of these accounts and the percentage of FATCA/GATCA implementation costs for investment accounts is much lower).
Why are King David’s controllers controlling a huge population that isn’t making any money?
Do they want this money to repatriate itself, so that Merca can tax it at the typical 0.02% interest being gained at US savings institutions?
What about those large investors that actually have negative interest? Does FATCA and GATCA want the proceeds from that too?
How many trillions of lost tax money must be needed to get the $870 million when FATCA’s profit is only 0.02% ?
Envy knows no bounds.
Just asking. It’s Sunday morning,