Revolution Billboard In Missouri

AMERICANS ARE REACHING THE BOILING POINT

American's have got to be getting the message that their children's and grandchildren's futures are being mortgage so the Left can achieve its dream of an highly socialist society.

Every highly socialist society is reactionary, not progressive, once achieved, as people do not want to give up benefits they believe entitled to even if it becomes obvious that those entitlements are unsustainable. That will eventually lead to economic decline as people who are heavily taxed, i.e., those who actually produce the Nation's wealth, will either stop working hard and stop taking investment risk or they will leave the country.

That people are, in fact, leaving the country is evidenced by a recent change in U.S. tax law. In the past, if you turned in your citizenship you had to pay tax on all income and capital gains to the date of leaving. After that you were no longer taxed.

A recent change now allows the IRS to levy U.S. taxes for an additional ten years on former Americans, if, at the time you gave up your citizenship, you had current income of $100,000 per annum and total assets of $500,000. You are presumed to be leaving to avoid taxes.

All your rights of citizenship are taken away from you -- the right to vote, the right to social security that you into, etc. -- but you still are taxed. When I learned about this I was amazed and checked it out. It's true but a tax attorney says that the U.S. has a difficult time enforcing the change. What it does mean is that you cannot return to the U.S. to visit family and friends, as you will be arrested at the port of entry. (Wonder if the U.S. would ever follow up on this threat. Seems that it is unconstitutional, but who knows.)

What kind of a country have we become? Remember "No taxation without representation." What about innocent until proven guilty.

What this change means is that the number of people leaving the country and turning in their citizenship must be reaching levels that are of concern for our national well being. It's not only the really the rich who are leaving, as attested by the low income and asset thresholds. It's the well educated, moderately well off with a bright future who see the handwriting on the wall. The country is spending itself into eventual poverty.

What is different today than in the past, in addition to a very Left social progressive administration and government, is the world now offers many alternate opportunities for bright, young, well educated and ambitious professionals where living standards will shortly be be almost equal those in the U.S., and, as the U.S. eventually becomes poorer, maybe even better.

Maybe the trend is now unstoppable but at least there are some who will not allow it to happen without a fight.