Thinking of becoming an expat? Think again! In yet another totalitarian move by the United State Government you just may be heavily taxed if you decide to exercise your constitutionally protected right to voluntarily end your U.S Citizenship.
Policymakers slipped this bit of Orwellian legal machinery into a popular military pension/pay bill. I might add that no hearings took place nor was any public notice given! Political insiders hint that Emperor, I mean, President Bush just may sign this bill into law.
If this bill passes it will be a flagrant violation of the United States Constitution – then again what do most politicians know or care about this venerable piece of paper.
The Constitution guarantees the right to voluntarily end your U.S. citizenship. It also grants you the right to live and travel abroad freely and acquire and enjoy second citizenship from other nations
The U.S. Supreme Court has confirmed this in numerous cases. Heck, even the U.N Charter affirms these most basic of human rights! This rightly called totalitarian law reminds me of Adolf Hitler’s notorious departure taxes that stripped Jews of their property before they were allowed to escape from Nazi Germany. Am I being overly dramatic by stating this. I think not!
Ok, since this blog is about making money AND protecting it permit me to put forth a very simple protective measure. What I may humbly suggest is that you consider looking into getting a second passport now while you still can. Once you’ve got your second “backup” citizenship I may be a good idea to move a reasonable portion of your wealth offshore. I am no legal expert but I’m pretty sure it would be a smart idea to create and operate your offshore financial base using your second citizenship – NOT U.S.
In a perfect world with just governments you wouldn’t have to do this. Of course the notion of a just government is laughable as there is no such species of government out there – never was, and never will. So, given that fortune is on the side of those who are well prepared, I would strongly suggest you look into this matter.
Wishing you a prosperity and liberty.