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You are too late. The smart people already do not come to the United States. The smart people are cancelling their US passports. Capital is not entering the USA
by philiphodgen 15y ago
You are too late. The smart people already do not come to the United States. The smart people are cancelling their US passports. Capital is not entering the USA. This type of work puts bread on the table for me. I'm in Dubai right now meeting people who need to encapsulate and neutralize the US-caused problems in their lives. Last week I was in Indonesia.
The world a big world. Someone can live a good life and become a billionaire without touching the USA. The US risks declaring itself irrelevant through its treatment of isitors and investors. And through the entirely execrable FATCA.
I remember growing up as a boy in Africa how the pound sterling went from reserve currency status to "who cares" by a series of lackluster Prime Ministers in Britain. The same is happening in the US.
- megablast 15y agoI think we need a new hierarchy of needs, and privacy is going to be on the bottom for most people.
- GFischer 15y agoHadn't heard about FATCA, so I googled it up, it sounds bad: http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_... "As a result of FATCA, European banks such as Deutsche Bank, Commerzbank, HSBC, and Credit Suisse have been closing brokerage accounts for all US customers since early 2011 citing "onerous" US regulations, which FATCA will make more complex when it goes into effect in 2013" Reported by Der Spiegel (which I expect to be a reputable source).