. . of their savings and investments — from thuggish and rapacious governments and from criminal gangs — will have nowhere to go, and that will be the end of civil society.

The good news is that some in low-tax jurisdictions are beginning to fight back. Last week, the head of the oldest bank in Switzerland (who holds a doctorate in economics from a leading U.S. university) said he was no longer going to invest in the United States because he found the new IRS regulations — which foreign banks must follow — so vague, onerous and incomprehensible that he could never be sure his bank was not at risk. In addition, he argued that the economic path the U.S. is taking can only lead to slower grow...

. . of their savings and investments — from thuggish and rapacious governments and from criminal gangs — will have nowhere to go, and that will be the end of civil society.

The good news is that some in low-tax jurisdictions are beginning to fight back. Last week, the head of the oldest bank in Switzerland (who holds a doctorate in economics from a leading U.S. university) said he was no longer going to invest in the United States because he found the new IRS regulations — which foreign banks must follow — so vague, onerous and incomprehensible that he could never be sure his bank was not at risk. In addition, he argued that the economic path the U.S. is taking can only lead to slower growth, and his bank sees better opportunities elsewhere.

From the time of the Reagan economic reforms a quarter of a century ago until last year, the United States had the highest average rate of growth of the major developed countries. A substantial part of this growth was fueled by foreign investment in our nation. Those in the Obama administration’s Treasury Department (including the IRS) who are working with the tax bullies at the OECD are driving away much of the foreign investment at a time when it is most needed.

Remember Obama is viewed not just the president of the United States but the world also. Why do you think he goes overseas to request that Chicago be chosen for Olympic and meets with other worldly leaders, since he got elected. According to the sources in the White House, Obama himself has spend very little time in the Oval Office. 90% of the time he has been traveling overseas or giving speech here and there. This is exactly how city organizer do their business and he was one of them. So, that is exactly how he is carrying his presidency. It is starting to show as his presidency is carried on that he is in support of other countries and wouldn't think twice about Global Tax but agree and s...

Remember Obama is viewed not just the president of the United States but the world also. Why do you think he goes overseas to request that Chicago be chosen for Olympic and meets with other worldly leaders, since he got elected. According to the sources in the White House, Obama himself has spend very little time in the Oval Office. 90% of the time he has been traveling overseas or giving speech here and there. This is exactly how city organizer do their business and he was one of them. So, that is exactly how he is carrying his presidency. It is starting to show as his presidency is carried on that he is in support of other countries and wouldn't think twice about Global Tax but agree and sign on a dotted line. Just wait things are going to come up like health care that's going to scare the wits out of you
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