HST, however, there are countries with lower tax rates than the US. I am not into accumulating great wealth, but if I were, I am certain that I'd carefully investigate other opportunities to maximize my ROI by decreasing my tax burden.
But, this is not the focus or intent of the article -- the focus and intent is to warn America about the European Liberal/Socialist/Marxist "Tax Harmonization" scheme, which will invariably lead to less FReedom and higher taxes for both US and foreign investors.
Yes, as you may well suspect, I am quite familiar with Mr. Achtung Amerika.
But, this is not the focus or intent of the article -- the focus and intent is to warn America about the European Liberal/Socialist/Marxist "Tax Harmonization" scheme, which will invariably lead to less FReedom and higher taxes for both US and foreign investors.
Well, even though I'm opposed to globalism, I don't see where providing financial information to foreign tax collection agencies constitutes "Tax Harmonization". We still have our tax system and they have theirs. And I could care less how foreign nations choose to tax their own citizens, whether they're the Euroweenies or OPEC Oil Princes and terrorists. They are not U.S. citizens protected by the guarantees or subject to the responsibilities defined by our Constitution.
The more sinister threat to our sovereignty is the extreme proposition of a National Retail Sales Tax. This abomination places the entire burden of taxation directly on the American consumer while extending the benefits of participation in our free trade zone (defined by the jurisdictional limits of our Constitution) to those who are not bound to observe the common set of laws and regulations established by our Constitution.