Why every decent person in the world should be terrified by FATCA

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We know that it is mostly US citizens living around the world who are most outraged by the hideous law known as the Foreign Account Tax Compliance Act (FATCA). But if the complete truth about this law was known, about how it really works and how it will be fully implemented, cauldrons of tar would be set to boil, and bags of feathers would be on standby.

In this article Claudine inquires upon Anthony the four most outrageous things about FATCA. Anthony obliges by discussing:

1. The shredding of the 4th Amendment
2. The shredding of the Constitution separation of powers.
3. The wholesale destruction of legitimate privacy concerns
4. The minefield planted for unsuspecting US-based businesses --- mines that could blow up and destroy people's livelihood.

And for what?

Maybe a couple hundred million in revenue? But with $3.5 trillion in record receipts, is the US Treasury this starved for revenue that it has to destroy everything this country is supposed to protect?



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