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I can think of another "foreign despot" in the 2012 presidential race.
1 posted on 04/16/2012 12:32:07 PM PDT by Third Person
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To: Third Person

Every American should read ‘Throw Them All Out’ by Schweitzer. Everyone in congress would be running to hide after being exposed.


2 posted on 04/16/2012 12:36:12 PM PDT by doc
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To: Third Person
"I think there’s something to be said about people who park their money offshore and we don’t know exactly what is in those accounts."

Spoken like a true, godless, communist pig. Hey Piggy! Why is it YOUR business how much money somebody has? How about YOU telling US where all of your money is and how much you have!

3 posted on 04/16/2012 12:38:24 PM PDT by FlingWingFlyer (ObamaCare is like a stool sample. You have to pass it to find out what's in it.)
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To: Third Person
Yeah, the Commissar in Chief illegally occupying the White House.
4 posted on 04/16/2012 12:42:03 PM PDT by SandRat (Duty - Honor - Country! What else needs said?)
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To: Third Person
That is the singularly lamest Democrat meme of the season thus far... And trotting out a 3rd stringer like Clymer proves it.
5 posted on 04/16/2012 12:51:18 PM PDT by StAnDeliver (Yay?)
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To: Third Person

It’s kinda hilarious that Democrat launch this “ROMNEY IS HIDING SOMETHING!” Propaganda campaign on the same day Obama’s GSA head takes the 5th in front of Congress, isn’t it??

Talk about the ‘Gang That Couldn’t Shoot Straight’.


6 posted on 04/16/2012 12:55:22 PM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Third Person

I had a UK account until the costs of complying with the new US law FACTA caused the brokerage firm to eject every single account of all US Persons. Happily, I was able to find another firm, SwissQuote, that would accept my account.

Having an account in Switzerland was not really my choice. I had a far higher level of dividend income from the UK account.

In my investing research, I have run across various experts who raise the issue of what they call “political risk”. That is the remote possibility that the jurisdiction in which you keep your investments will have a government that goes bonkers in a “black swan” event. In light of the policies of the current administration, I can say that it looks close to one described in that warning.

It is therefore just prudent to keep a portion of your investments in some other jurisdiction. In the case of having a Swiss account, all dividends and interest payments are subject to a 35% Swiss withholding tax. However there is a tax treaty with the US and I get credit on my US tax return for any amounts withheld.

However, in the event that the US government moved to seize my assets, they would have additional legal barriers to surmount in order to seize the amounts outside of their jurisdiction. Sometimes that is easy, sometimes that is difficult. I think the command-and-control crowd really chafe at a citizen removing anything out from under their control.

Tyrants will always be able to hide assets, but there are sound investment principles that suggest diversification of investment jurisdictions is just prudent. Instead of decrying where Romney keeps his money, it would be far more productive for the country to work to having a government that was so stable and respectful of the rule of law, and of its enumerated powers that people wouldn’t hesitate to keep all of their money in the US. But sadly the opposite is increasingly the case.


7 posted on 04/16/2012 12:58:15 PM PDT by theBuckwheat
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To: Third Person

Of course he’s a foreign despot to an anti-American Communist like Clyburn.


10 posted on 04/16/2012 1:43:58 PM PDT by WashingtonSource
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