If you are a US citizen and leave the US, you are subject to income taxes for 10 (?) years. You must pay your taxes regardless of where you live, where you make money, and where you park your money.
That is to say that you are the property of the US government. Capital Controls only extend this concept. I don’t really understand HOW that can be constitutional, but who am I?
You cannot just leave the US and setup shop elsewhere anymore (not that there is anywhere to go). You become a criminal the year you make money outside the US and don’t report it.
Or else?
I think that that whole direction for the discussion is stupid.
What are they gonna do? Open SEIU and goon squads in every foreign country to "get you?"
“If you are a US citizen and leave the US, you are subject to income taxes for 10 (?) years. You must pay your taxes regardless of where you live, where you make money, and where you park your money.”
Two words, Swiss Annuity.
If you have no intention of ever coming back (barring pardon, repeal of that law, or outright revolution), where’s the downside?