...and tell us why if income is earned outside the USA, the USA needs to..wants to...and does tax that income. It's none of the US Government's damn business how much revenue I generate outside of these shrinking free borders. If the government needs more funding let them collect it from all the dead-beat politicians, political nominees and government employees (USPS).
Get the law changed if you don’t like it.
Until then admit that laws are being broken.
I don’t see why overseas investment income should be a special case. It’s income to a person living in the US. Overseas taxes are handled reasonably as the costs they are.
In any case I for one look forward to all the ‘trust fund babies’ getting what’s coming to them from the IRS and federal prosecutors. Gotta wounder what the statute of limitations/look back period is for the Swiss banking investigation.