Ron Paul: The “Ex-PATRIOT” Act – America’s Berlin Wall for Tax Refugees

by Ron Paul

The characteristic mark of a tyrannical regime is that it eventually finds it necessary to erect walls to keep people from leaving. This is why we should be troubled by the “Ex-PATRIOT Act,” an egregiously offensive bill recently introduced in the Senate. Following a long line of recent legislation and regulations attempting to expropriate more and more wealth from hard-working Americans, this new bill spits in the face of overburdened taxpayers and tramples on the Constitution.

Current law already dictates that Americans with a net worth of over $2 million who expatriate must be assumed to have sold all their assets and must pay a corresponding punitive exit tax on those assumed sales. The Ex-PATRIOT Act goes even further than current law by assessing a 30% capital gains tax on all future earnings of expatriates. Not content just with this additional tax, the bill also grants the IRS the sole authority to determine whether individuals have expatriated for tax purposes and allows the IRS to bar those individuals from ever re-entering the United States. Finally, the bill blatantly violates the ex post facto provisions of the U.S. Constitution by extending all of these provisions to anyone who has given up their U.S. citizenship within the past decade.

This bill, and other similar legislation, casts a chilling effect on saving, investment, and entrepreneurial activity. The bill was introduced in response to news reports about one of the founders of Facebook who might save millions of dollars of taxes by renouncing his U.S. citizenship. But in their blind envy towards successful entrepreneurs, the bill’s sponsors ignore the fact that they will ensnare many ordinary middle-class Americans who work hard, save and invest wisely, and benefit from rising home values. These Americans may easily find themselves pushing past the $2 million mark by the time they retire, especially as inflation continues to seriously accelerate. If they wish to escape the Federal Reserve’s inflation by emigrating to lower-cost countries so their dollars will go farther, as many Baby Boomers are starting to do, the federal government will penalize them, and continue to penalize them for the rest of their lives as long as they hold any money in the United States.

Unfortunately, the mere consideration of such legislation, even before it has passed, has made American banking customers a potential future headache for banks around the world. They don’t want to deal with the IRS any more than Americans do, and if American account holders become a Trojan horse for the IRS to insinuate themselves into their affairs, there may be more cost than benefit to extending banking services to Americans.

We live under a federal government that has eviscerated our Fourth Amendment rights, that can detain U.S. citizens indefinitely based solely on the President’s word, that assaults toddlers and grandmothers at airports in the name of security, and regulates virtually every aspect of our economic lives. No wonder increasing numbers of Americans feel this government is engaged in outright warfare against its own citizens. Every day the noose grows tighter, yet anyone who sees the writing on the wall and seeks to leave must pay exorbitant taxes just for the privilege of leaving, and increasingly the possibility looms of never fully breaking away from the government’s tentacles no matter where they go. Ultimately, the Ex-PATRIOT Act proposes to control people by controlling their capital, and it has no place in a free society.

  • http://www.youtube.com/profile?user=Chicken471Bologna Chicken471Bologna

    Get a life you stupid faggot

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  • http://www.youtube.com/profile?user=Chicken471Bologna Chicken471Bologna

    FUCK OFF TROLL!!!!!

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  • http://www.youtube.com/profile?user=ZombyReagan ZombyReagan

    if you know anything about checks and balances, you will know that the office of the President is not a figurehead.

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  • http://www.youtube.com/profile?user=pwih1987 pwih1987

    Do not feed the trolls pjones and matchbox. Do not feed the trolls.

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  • http://www.youtube.com/profile?user=Margolpsbiegh Margolpsbiegh

    You need help. Go seek it somewhere else.

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  • http://www.youtube.com/profile?user=ZCorporationAlpha ZCorporationAlpha

    With 228 delegates up for grabs in Texas primary today, Mitt Romney is sure to officially secure the GOP nomination.

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  • http://www.youtube.com/profile?user=JimmMyHero JimmMyHero

    y?

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  • http://www.youtube.com/profile?user=matchbox555 matchbox555

    I WILL PISS ON RON PAULS GRAVE AND UPLOAD IT TO YOUTUBE

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  • http://www.youtube.com/profile?user=pwih1987 pwih1987

    DO NOT FEED THIS TROLL!!!!

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  • http://www.youtube.com/profile?user=pwih1987 pwih1987

    And people wonder why I want to get out of the military and get the hell out of this country asap.

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  • http://www.youtube.com/profile?user=matchbox555 matchbox555

    RON PAUL YOU LOST

    PLEASE GO AWAY AND DIE QUIETLY

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  • http://www.youtube.com/profile?user=jasperfrenchie jasperfrenchie

    Ron Paul is awesome!

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  • http://www.youtube.com/profile?user=OnlyHempFuture OnlyHempFuture

    IS RON PAUL THE ONLY ONE OF SOUND REASON IN USA??

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  • http://www.youtube.com/profile?user=OnlyHempFuture OnlyHempFuture

    IS RON PAUL THE ONLY ONE WITH REASON IN USA??

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  • http://www.youtube.com/profile?user=IAMHEWHOAM IAMHEWHOAM

    Fuck Ronald McDonald Paul!

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  • http://www.youtube.com/profile?user=Havok0921 Havok0921

    you know hes been preaching most of this shit for like centuries right?

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  • http://www.youtube.com/profile?user=somaco7 somaco7

    JOHN HOWARD 2012!!!! FUCK RON PAUL

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  • Lucy “Loose Vag” McGee

    I am a HUGE Ron Paul fan and I just found this site. I started watching some of the classic videos on the main page and next thing I knew, I had by 10 inch black dild0 out and had it “balls deep” in my f*ckh0le. I came HARD three times. Amazing stuff.

    Thanks for helping me get off Ron!!!!!

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    • BIOSYN

      ^ is an obvious Socialist Obama Supporter, look at the filthy language and degeneracy. . .

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      • Lucy “Loose Vag” McGee

        You just wish I would ride your f*ckstick. I am a wh0re, but I still don’t f*ck f@ggots. Sorry.

        I love you Ron!!!!!!!!!!!!

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        • BIOSYN

          ^ is an obvious Socialist Obama Supporter, look at the filthy language and degeneracy. .

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  • robin

    By Richard Gilbert @USA_Free_Press Off of the Daily Paul

    A Federal Lawsuit to Seat All Ron Paul Delegates is being filed in the 9th Circuit – The 9th Circuit like all circuits have Trial level Courts as well as an Appellate Court. The Ronald Reagan Courthouse in Santa Ana Is A Trial Court within The 9th Circuit.

    The Republican National Committee and Party Along with All 50 State Parties Are named as parties to the case.

    This case seeks a Court Order to Seat All Ron Paul Delegates elected in accordance with each State’s Bylaws.

    Parking Lots A Plus!

    Don’t worry if your State Bylaws recite that you are bound. Let the Judge decide.

    Don’t sign any affadavits / Declarations / Pledges

    If you already signed such a document don’t worry. That’s what Judges are for.

    The Case Also Seeks A Court Order That All Delegates Are Unbound Free Agents To Vote their conscience on the first and all ballots.

    Are you in it to win it?

    The Judge must have your name to help you.

    Contact Information

    Richard Gilbert

    E Mail
    RichardAttorney@Gmail.com

    Tel: 949-201-8925

    Fax: 714-667-2388

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  • http://www.youtube.com/profile?user=EvanFaise EvanFaise

    PAUL OR OUT!

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