Reichsfluchsteuer – literally translated, means “Reich flight tax”, is well and alive today. First used in Germany in 1931, for those wishing to flee the country – they only had to pony up 25%. (This was before the Nuremburg laws regarding Jews). They wanted your money, and you couldn’t leave the country without paying.
Switch to this year – Chuckie Schumer, has evidently read some history and thought “hot damn! We can make some good money off people!” by proposing the US’s own version of Reichsfluchsteuer – the “Ex-Patriot Act”. I suppose by wrapping it in the red, white and blue, Schumer hopes to make this less reprehensible.
I found the full text of the law http://www.govtrack.us/congress/bills/112/s3205/text”>HERE, and I have some thoughts on this bill.
Their stated purpose is to “To amend the Internal Revenue Code of 1986 to provide that persons renouncing citizenship for a substantial tax avoidance purpose shall be subject to tax and withholding on capital gains, to provide that such persons shall not be admissible to the United States, and for other purposes.”
Really? So we take their money, which they legally have gained, and wish to avoid the hand of the government that robs people of money, and keeps them out of the US forever? Why? Why is it thought that people earning lots of money is BAD, and them KEEPING their own money is even worse?
I found out that people that are American citizens, living abroad, have to pay money on what they earn to the US government. I’m kind of like “why?”
The co-sponsors to this (no surprise, all D’s) are as follows:
Ron Paul has something to say on this as well. He refers to the government as a “tyrannical regime”, and that only tyrannies need to take the people’s money before they are “allowed to leave”. He has on his http://www.ronpaul.com/2012-05-28/ron-paul-the-ex-patriot-act-americas-berlin-wall-for-tax-refugees/”page about it,
The Ex-PATRIOT Act goes even further than current law by assessing a 30% capital gains tax on all future earnings of expatriates. Not content just with this additional tax, the bill also grants the IRS the sole authority to determine whether individuals have expatriated for tax purposes and allows the IRS to bar those individuals from ever re-entering the United States. Finally, the bill blatantly violates the ex post facto provisions of the U.S. Constitution by extending all of these provisions to anyone who has given up their U.S. citizenship within the past decade.
This all goes back to “whose money is it?” that you earn for your slaving away at your job. Does it belong to the government? Or does it belong to you?