When some politician or media gives that standard line “#FATCA’s unintended consequences” — think twice about whether you should be pacified by the author’s pandering.
Michael Parenti, in “To Kill a Nation–The Attack on Yugoslavia” describes also the “unintended consequences” of the actions carried under orders of the 1999 leader of the executive branch after having been caught with his pants down. During this time, the to-be-FATCA-implementing Secretary-of-State was hiding in embarrassment from the U.S. public, but this SoS-IGA-implementer-to-be was known in the targeted villages and cities at that time as The Mistress of the War.
Parenti enlightens us: “Top policy makers are intelligent, resourceful, and generally more aware of what they are doing than those who see them as foolish and bungling. US policy is not filled with contradictions and inconsistencies. It has performed brilliantly and steadily in the service of those who own most of the world and who want to own all of it. That some critics may not know what policy makers are doing does not mean the policy makers themselves do not know what they are doing. That Western leaders make misleading statements about their goals and intentions does not denote confusion on their part but a desire to confuse their publics as to what interests they are really serving. That they are misleading others does not mean that they are themselves misled, although of course there are times when they make mistakes and suffer bafflement in regard to tactics and timing.”
When the law tries to paint us all “offshore tax evaders”, and it turns out they are talking about us, there are lessons to be learned as to how the media and politicians operate to accomplish a mission. Whether you are ready to hear this author’s entire premise or not, it gives a valid lesson as to how a population of diaspora can be used to accomplish a political and economic goal.
Don’t allow yourself to be pacified by the talk of “FATCA’s unintended consequences” and plan your strategy knowing that it wasn’t an unplanned attack.