All part of the diminishing loyalty phenomenon. First corporations, now individuals. We don’t really owe anyting to the United States, after all is said and done. It’s just a geographic location. If it doesn’t suit your purposes, you’re smart to find someplace that does. Citizens of the world, you betcha.
RE: We don’t really owe anyting to the United States, after all is said and done.
Here’s the solution to this problem ( and Herman Cain had it right too when he talked about how to deal with a country like China ) -— BEAT THEM BY SHEER COMPETITION.
Instead of threatening investors with the IRS and spending humongous amount of money going around the world to catch residents and then making an imperialistic ass of ourselves, WHY NOT MAKE OUR TAX SYSTEM MORE ATTRACTIVE TO INVESTORS?
Why do people go to Switzerland and the Caymans to deposit? Simple — because their savings ARE NOT TAXED. So, why don’t we compete with Switzerland and BE just as generous as they are? I’m willing to bet that with a policy like Switzerland or the Caymans, people will be queueing in DROVES to put their money HERE in the USA.
COMPETITION is the key, not coercion and threats.