Search results

I don't think it's an issue of "superpower", I think the issue for most Americans is a slide in the very high standard of living. With the rise of socialism and fascism in the United States, the standard of living will decline. Nobody likes going backward and that's a legitimate concern.

you could at least take The bernankes out of the equation by systematizing the way Milton Friedman suggested.

When the Fed is done inflating, a shack will go for at least $1.5MM.

+1!!

How complicated are your tax returns? It's virtually impossible not to screw up SOMETHING on your tax return. In addition, the IRS' own rules are most often extremely vague, making it difficult for taxpayers to predict the consequences of their actions. Add to that the fact that the IRS will...

I hear ya. Just to go further...I think I've made the case far more people are incarcerated than those who are officially behind bars. The U.S. was such a great country. So sad.

+1

Well, I don't necessarily have a problem with incarcerating people. I'm far more concerned with WHY they are incarcerated. "The more corrupt the state, the more numerous the laws" - Tacitus In the United States far too many people are incarcerated for drug and tax reasons. In the...

It's voluntary in the sense that you can choose where you reside. I don't know how much more complicated you think it is. If I were a German citizen, moved to Singapore and lived more than 6 months of the year there, I would not pay the German tax. Instead, I would pay the tax in Singapore...

Every country except the United States and North Korea. Other countries tax based on residency. The U.S. taxes based on citizenship. Thus, if you don't live in France, France doesn't tax you. That's what I mean. If you're French, you can avoid the 47.5% top marginal tax rate by moving to...

Wow. Cool report. Thanks!!

I don't think you'll like Israel. It's very much a socialist country. But, if you're even part Jewish, it's very easy to get a passport and you can't renounce your U.S. citizenship if you don't have another passport. For me, taxes are not the sole problem with the United States. High taxes...

Only if they're fairly weak. If they don't have the bullying power of an 800 pound gorilla, the only way they can lure their own back is by providing incentives - lower tax rates, tax amnesty, etc. Like the Soviet Union, the U.S. has learned that it's large and powerful enough to bully its...

Well, good luck. When we escaped the Soviet Union in the 1970's, we understood we would never see or speak to our family again. It's hard, but living in a tyranny is unbearable. I'm afraid the soft tyranny in the United States will turn into a hard tyranny shortly. It's all pointing in that...

I meant a depressing article. Momo, did you renounce your citizenship or do you just live in Canada as an American?

Sadly, the United States is a lot less free than people think. This is kind of a depression article from 1999. If you dare to make something of yourself and create wealth, you are even more of a target. Apparently, as in socialist countries, the wealth does not belong to you but to the state...

Man, I wish it were incorrect. It's part of the HEART legislation passed in July 2008. Before that, the U.S. would tax income for 10 years after renouncement. That became cumbersome, I guess. Now, they levy a cap gains tax on your worldwide assets (on anything above $600K) as a condition of...

Actually, it's worse than that. If you renounce U.S. citizenship, you're not permitted to return for 10 years. After the 10 year period is over, you can apply for a visa. If you get the visa, you cannot spend more than 30 days in the United States in any given year. If you do, the US claims...

Well then....where the hell is the volatility!???

LOL!!:p :p