FATCA, GATCA … GOT’CHA – Now West Will Have To Help Fund & Spy For Putin. Well Done Statists.

In my post FATCA – The New Zealand Official’s Report: A Crime that Deserves a Revolution - my sixth most read post - I explained how under FATCA (Foreign Account Tax Compliance Account) an imperialist America has been able to bully by threat of penalty all countries of that bloc referred to as the West, Russia – we’ll come back to the importance of that shortly – and many other jurisdictions into annually having to send information on the financial assets, including bank accounts - with every transaction therein - of all American passport holders living outside the US, back to the IRS to police their totalitarian citizenship tax. I noted this allows American government officials to track every one of its citizens, world-wide, as well as locate their property for search and seizure. Worse, given one’s financial transactions, unlike anonymous metadata, describe an individual life down to the minutia, this allows their government to know, thus invade, the private lives of not just Americans living domestically through the tax legislation all western nations employ, but those whom don’t live in America, many of whom will never live there, and in many instances, have never lived there. For the first time in America’s history, there are Americans renouncing citizenship and handing back their passports in order to live free, unbound, private lives, just as under Obama huge American corporates are inverting out of America to lower tax jurisdictions to run profitably and survive.

My last post warned on how New Zealand is signing up to GATCA - voluntarily now, compulsorily from 2019 - putatively a Global Account Tax Compliance Act - not an actual legal act so much as a massive information sharing agreement between all OECD countries. Ostensibly this is so governments of the West can tax and destroy the big corporates of Google, Amazon et al - whose only crime is innovatively supplying all of us with cheap, good products that raise our standard of living - but as Minister McClay said, designed specifically on FATCA: meaning it will compel foreign governments to snitch on all foreign nationals, including individuals, and report back on their financial assets - their lives in other words - to their home governments via the various taxing authorities.

And the Progressives, fresh from protesting against security agencies collecting aggregated, anonymous metadata to keep us safe from terrorists, are clapping like the useful idiots they are at seeing the big state they actually love, being able to whack business with the iron fist of tax and regulation, while the state continues to give itself carte blanche powers through the tax surveillance state, to collect our individual life histories, with our names attached, and return them to domestic bureaucracies, or on the strength of GATCA - that agreement shoring up every previous double tax agreement - sending the information offshore to grass up dual passport citizens.

I said in my FATCA piece, that was the end of the Free World. Once our private lives were traded away in this unseemly, repugnant fashion, without so much as a skirmish, let alone a justified war, our private lives were lost, and there’s no way back: no politician requiring your money for their imprudent spending and state-building is ever going to give you the details of your life back and say that’s no business of government. This single point is the rationale of my blog. And once our democracies voted our states these huge powers, that through history were assumed only by tyrants at the cost of hundreds of millions of lives, so the West now has no moral argument not to snitch on Russian nationals, including dissidents, to that tyrant Putin, so one of the richest most powerful men in the world, can fund his nationalistic ambitions in the Baltic and Scandinavia. How stupid we look, because like most evil men, Putin is not stupid. He saw the opportunity of FATCA and signed up to it knowing the USA would then have to sign up to his own intelligence and funding citizenship based tax, as reported in today’s Press (3 November, 2014):

The Kremlin has launched a campaign to rein in Russia’s wealthy elite …

[Snip.]

The government has proposed new tax laws that will seriously limit the ability of the country’s moneyed classes to hide their wealth [or themselves] abroad.

The legislation will seek to clamp down on companies and individuals using offshore  tax havens and make Russian citizens liable for tax at home regardless which country they earn income in.

The measures are aimed at the wealthiest Russians, who systematically seek to move their assets and often their families abroad because they lack confidence in a system that can trample over private property rights when individuals fall out of favour with the authorities.

[Snip.]

[The wealthy] are already worried about a law passed last month requiring Russians to declare whether they possess a foreign passport. The law is widely expected to be used to impose restrictions on citizens with dual nationality.

Listen, hear that? It’s the useful idiots saying that’s okay, the victims are only the rich pricks; their private lives, and in this case possibly their lives, don’t count when we all are forced to worship at the bloodied altar of the Common Good, and when philosophically the individual human being has long ago been executed in the tax statutes of government.

So next time a terrorist group shoots down a passenger liner with Putin supplied arms, our government, and by extension ourselves, were complicit in it. Indeed let me predict another bloodbath: Russia. With FATCA, GATCA and the totalitarian powers being grafted onto every Western tax state, every public economic good and every freedom fought for with blood, is rendered non-existent. We have just lost everything important, without a shot fired. It’s a disgrace. Does any politician in our National Government understand what they are doing to us through tax policy: hint, it’s what Marx was never capable of: killing the Free in Free West, philosophically, economically, and politically, and bending our knees, then our necks, to tyrants.