The Global IRSby Will Grigg
Oct. 24, 2012
1."That's Not True" BBC Host Hangs Up On Guest for Citing Rotherham Muslim Rape Scandal
2.Trump Rips Bill Kristol: "All The Guy Wants to do is Kill People and Go to War"
3.VIDEO: Telemundo Busted Staging Shot at Anti-Trump Protest
4.Migrants Thank 89-Yr-Old Austrian Man Who Gave Them Euros by Robbing Him
5.Desecration: Memorials For US War Dead Vandalized, Destroyed & Looted All Over US
6.Crazed Liberal Shows How Tolerant She Is By Hitting Preacher In Head With Baseball Bat
7.Anti-Trump Protesters Win Hearts and Minds by Threatening to Murder Trump
8.UK Home Secretary Theresa May Hails "Benefits" of Sharia Law
One of the ten planks of the Communist Manifesto demands imposition of “A heavy progressive or graduated income tax.” Another mandates the “Centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” A third calls for “Confiscation of the property of all emigrants and rebels.”
The first two of those provisions makes the third inevitable. A century ago, the U.S. government, following that totalitarian formula, created Federal Reserve System and imposed the income tax. Two years ago it enacted the “Foreign Account Tax Compliance Act,” or FATCA, through which it claims universal jurisdiction over the bank accounts of U.S. citizens. This means that the U.S. government claims the authority to confiscate the wealth of Americans who seek to protect their earnings by depositing them in foreign bank accounts.
Because of FATCA, Swiss banks are beginning to refuse deposits from U.S. citizens. The IRS claims the right to seize 30% of a Swiss bank’s U.S. income if it fails to disclose information on a single American customer. This has driven many Americans doing business in Switzerland to renounce their citizenship, which is tragic – but hardly surprising.