A lot of money was siphoned off to Israel.
Rabbi Zakheim can't account for 2.3 Trillion.
The US has been looted, yet "our" politicians pledge their
"unwavering sup****t" for these bandits.
Americans are being looted just as Palestinians and Germans are being
looted.
In the Palestinian case, it's much more obvious, since it's at the point
of a gun.
Ø
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http://www.thestreet.com/_medge/newsanalysis/financial-advisor-forum/10423687.html
You'll Pay If You Give Up U.S. Citizen****p
Terry Savage
06/29/08 - 07:53 AM EDT
A lot of people probably can't understand why someone would voluntarily
give up American citizen****p -- but if someone wanted to do that, they'd
now incur financial penalties for it.
Congress just passed a new law that will stop your capital -- or at
least a good ****tion of it -- at the border, should you decide not to be
a U.S. citizen anymore. Is it, perhaps, in preparation for the
possibility that Americans might rebel at the debt and taxes incurred by
their government by leaving for lower-tax locales?
You probably didn't notice this little provision inserted into the
Heroes Act of 2008, passed by Congress on June 17. The headlines in the
press release about the law were about the increased benefits for
veterans and families of deceased military.
But Richard Kohan of Price WaterhouseCoopers drew my attention to one
section of the act, which states that anyone voluntarily giving up his
or her citizen****p will be taxed on all of his assets as if he or she
had sold them -- paying capital gains on assets that have increased in
value, even though they have not been sold.
That's right. While everyone in the media is focused on keeping aliens
out of America, Congress has voted to lock its citizens - or at least a
good ****tion of their assets -- into America! Maybe they're thinking
that patriotism won't be enough to keep the smart money from recognizing
the coming increases in the tax burden.
Patriotism and Debt
We expect our elected leaders to be patriotic, to wear flap pins on
their lapels? But how patriotic is it for our elected officials of both
parties to drag our country into debt?
This year the Federal budget deficit will be a record $400 billion. That
astoni****ng number will be added to our existing $9 trillion national
debt. It's money that our government spends in excess of what it
collects in taxes.
[For an instant update on our National Debt go to the moving numbers at
www.Truthin2008.org -- a nonpartisan watchdog group on the national
debt.]
Government officials say they're shocked at the record number of
American consumers who are filing for bankruptcy. Yet those same
politicians are spending America into an effective bankruptcy --
building a burden of current debt and promises of future debt that can
never be repaid. Now, how patriotic is that?
Patriotism and Taxes
Do you consider it your patriotic duty to pay your taxes? Do you feel
unpatriotic because you spend some time trying to figure out how to
reduce your tax burden, by maximizing deductions whenever possible?
If that's not unpatriotic for you, is it unpatriotic for wealthy people,
or cor****ations, to try to reduce their tax burden? Where do you draw
the line? Perhaps it's most unpatriotic for our elected officials to
construct a tax system that doles out benefits to special interest
groups, pitting one group of Americans against another.
What's really unpatriotic, in my opinion, is trying to divide Americans
through the politics of envy. Our country has moved forward because of
our optimism and our belief that any American can build a better
financial future. It has been our nature to honor those who have been
successful, and seek to emulate them, not to destroy them because they
have more assets or income.
Of course, that presupposes that the successful people accept their
patriotic responsibility to give back to the society that made their
success possible. And the facts show that Americans are the most
charitable and generous people on the planet.
Think of Warren Buffett and Bill Gates, literally giving away their
fortunes to help humanity. Or think of the people who filled sandbags
along the Mississippi this month to save the homes of strangers.
When a government encourages the best in its citizens, by its policies
and its example, patriotic citizens rise to the occasion. And when a
government burdens its citizens, it inspires dissent and departures.
The Beatles famously left Britain, and Bjorn Borg left Sweden, when
their governments raised taxes to such high levels that even these
national icons departed. Are American lawmakers preparing for that kind
of scenario with this new law?
Now in America, you can love it, or leave it -- but you can't take it
all with you. And that's the Savage Truth!
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