To keep this simple:
1. Yesterday we have a post making an attempt to quantify (what we all know) is that the United States is using citizenship-taxation” as a tool to extract capital from other nations.
2. We have had a number of posts which reinforce that the Government of Canada has agreed to the imposition of FATCA in Canada. FATCA is the tool to enforce U.S. “citizenship taxation” and is therefore the tool to extract Canadian capital to the United States.
My question is: How can Canada both agree to FATCA and allow U.S. citizens to reside in Canada. U.S. citizens in Canada are being used by the United States as “Weapons of Mass Extraction” (WMEs).
Yesterday, I commented in relation to the cost to the Canadian economy of having “U.S. persons in Canada”:
This is a brilliant piece of work. But, if I may suggest this …
As all economists know, there are:
1. Actual costs (what is detailed in this research);
2. Opportunity cost (the lost of economic opportunity had this capital not been stolen from the Canadian economy).
The “opportunity cost” is likely to be far greater.
This study should be circulated far and wide.
U.S. citizenship is a problem for countries the world over. Canada is particularly affected by this problem. How should Canada deal with the problem? What is the solution?
The best solution is NOT an annual payment of tribute to the USA.
The best solution (assuming there is any payment) would be a one time payment to simply purchase those Canadians affected by this form of U.S. Slavery. Let’s get real here. This is about “buying back the slaves”. But, the purchase should include ONLY those who are Canadian citizens. Those who are U.S. citizens only should be deported from Canada.
A week ago there was an article in the Canadian media about how a professor’s family could not stay in Canada because of the probability that he might impose a burden on Canada’s health care system.
I can’t understand how somehow it’s okay to not allow this family to stay because they would be a drain on Canada’s health care system but allow U.S. citizens to live in Canada.
This study is a quantitative expression of what we all know:
“U.S. persons in Canada” are nothing but Trojan Horse soldiers who exist only to damage to the Canadian economy. Yet Governments in Canada and around the world are either so “willfully blind” or so stupid that they can’t see this basic truth.
I ask the authors of this study to continue their fine work and consider how much the Trudeau Liberals should offer to pay the United States for a permanent “buy out” of those who the U.S. considers to be its property in Canada.
Would the methodology for the calculation be based on both (1) the actual cost of the leakage and (2) the opportunity cost of having the money remain in Canada (3) the cost of impoverishment as detailed in Karen’s comment above?
I once again ask the questions:
1. How can any country both agree to FATCA and allow “U.S. persons” to live in that country?
2. Should the Government of Canada offer the United States a ONE TIME buyout and if so how much should that be?