Category Archives: The State

Americans Abroad ‘Banking Under the Mattress’

Is Big Media catching up with guerrilla writers? In “Planet IRS,” just over two weeks ago, I wrote that “[d]ue to the onerous burdens imposed by the Foreign Account Tax Compliance Act, foreign banks, as well as hedge and private equity funds are closing American accounts. Barack Obama’s legislative baby (signed on March 18, 2010) is driving Americans abroad into banking under the mattress.”

Today Bloomberg caught up, in “U.S. Millionaires Told Go Away as Tax Evasion Rule Looms.”:

Go away, American millionaires.
That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business.
“I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS, Southeast Asia’s largest lender, who described regulatory attitudes toward U.S. clients as “Draconian.”

Oh dear. We’re usually years ahead of mainstream (as in this September 19, 2002, article).

UPDATED: Organized Vs. Disorganized Crime (US Vs. China)

China, Criminal Injustice, Government, Individual Rights, Justice, Law, Liberty, Private Property, Regulation, The State

Statists stateside have come down harshly on me for even suggesting that your average Egyptian under Mubarak or Libyan under Gadhafi was probably less likely than his American counterpart to be jailed, harassed or have a threatening encounter with the state’s emissaries.

Do you think these former dictators retaliated against “Their People” with diabolical efficiency for selling raw milk and homemade lemonade? Or unintentionally violating Honduran law of which the Hondurans themselves were ignorant? Or attempting to erect a structure on their land?

It’s the difference between organized and disorganized crime: Uncle Sam runs an organized criminal syndicate; Third World despots run disorganized criminal endeavors. It is not unreasonable to suggest that it’s easier to live off the grid in those tin-pot dictatorships America is forever overthrowing, than in the USA, the land of the “free.”

“Illegal Everything,” as John Stossel sees it. He “argue that America has become a country where no one can know what is legal.”

Kids who open lemonade stands are now shutdown by police. I tried to open a lemonade stand legally in NYC. That was quite an adventure. It takes 65 days to get permission from the Department of Health and Mental Hygiene.
With government adding 80,000 pages of rules and regulations every year, it’s no surprise that regular people break laws without even trying.
A small businessman spent 6 years in federal prison for breaking Honduran regulations (and, to make it worse, the Honduran government said he didn’t). A family in Idaho can’t build a home on their land because the EPA says it’s a wetland-but it only resembles a wetland because a government drain malfunctioned and flooded it.

MORE.

UPDATE: “The US Is More Authoritarian Than China,” writes Lew Rockwell:

China is nowhere near as authoritarian as the US, and where authority is exercised it appears to be with more restraint. There is no TSA at Chinese airports. My son has entered the country when the customs and immigration checks were simply closed (because it was outside normal working hours) and walked off the plane and into Beijing.
On the surface, there are a lot of “rules” in China, but no one pays any attention and the authorities don’t enforce them.

As I’ve written, “US In The Red And Getting Redder”:

It’s time we came clean about our economic system. The Chinese are honest about theirs; they call it “socialism with Chinese characteristic.” We call ours free-market capitalism, when in fact it is a Third Way system too: “Socialism with American characteristics.”
The picture of China to emerge from behind those pretty Chinese screens is complex. The embodiment of feng shui it is not. The trend, however, is unmistakable: China is becoming freer, America less free. The devil is in this detail.

Assange Makes Lamestream Run for Cover

libertarianism, Media, Neoconservatism, Political Philosophy, Propaganda, Russia, Socialism, The State

It is no contest: RT leads the way with gritty broadcasting. RT does what a broadcaster should do; challenge the powers that be and probe every aspect of the story. Yes, the angle pursued is more often left-libertarian than paleo, but RT is also less statist than American mainstream media. (And they happen to feature my own paleolibertarian column, which takes courage too.)

As the talented Gayane Chichakyan has noted, Julian Assange’s new RT program is making the American mainstream nuttier than normal. Chichakyan has editorialized about mainstream’s protest against letting Assange loose on air—Bill O’Reilly, Megyn Kelly, Glenn Beck, Ed Schultz (who recommended death to Assange); all were apoplectic. (On The Other Channels, we’re accustomed to the wilderness of women reporters—Don Lemon, Anderson Cooper, Erin Burnett, Tamron Toots Hall, etc.)

Gayane hinted that the malfunctioning media’s objection to more of a variety in opinion seems to have at its goal the further closing of the already atherosclerotic American mind.

In any event, Assange is sure shaking things up, starting with an interview with Hezbollah leader Sayyid Nasrallah.

Next Assange refereed repartee between David Horowitz, whom he described as “a radical right-wing Zionist,” and “Slavoj Zizek, a Slovenian sociologist, philosopher and former anti-communist dissident, who turned communist.” (Yes, “Saying ‘I’m a Socialist’ = Saying ‘I’m a Massive idiot.'”)

I was disappointed that Mr. Horowitz was described as of the “radical right wing.” He himself would cop to neoconservatism.

Politicians Are Not Patriots; Prostitutes, On The Other Hand…

Crime, Ethics, Etiquette, Government, Labor, Media, The State

If regular visits with prostitutes kept the political class from launching trillion-dollar war- and welfare programs, and financing Fanny, Freddy and the Fed—I would personally contribute to a prostitution fund.

These prostitutes would be patriots.

(I mean no offense to prostitutes in this post. They are self-reliant, tough people who provide a necessary, if unsavory, service. I use “prostitute” here purely as a convention.)

A million here and there for a good time; that’s nothing in the grand scheme of the crimes committed by the Empire’s foot-soldiers and stooges and the cost of these crimes.

I’m referring to the latest storm in a C-Cup over which big media is having a conniption. It is the scandal at Hotel El Caribe in Cartagena, Colombia, last Saturday, currently being finessed as an “alleged misconduct” and as a mere “incident.”

“The Secret Service sent home some of its agents for misconduct that occurred at the hotel before President Barack Obama’s arrival on Friday for the Summit of the Americas.” The scandal involves at least 10 members of the U.S. special forces, no less.

Wouldn’t you like to be “sent home” when you blow an assignment at work and leave the tab for the boss?

Note that not once did Dana Bash of CNN or Bret Baer of Fox News float the concept of firing the oink-sector scum. All share an understanding that no one who serves Uncle Sam and his agencies ever gets dismissed or disgraced. TSA pimps have license to fondle a crippled child or feel up the scarred breast tissue of a cancer survivor at the nation’s airports–and their identities and jobs remain protected.

Yeah, “It’s Hard Out Here for a Pimp.”

Another minor scandal, where dismissing the detritus involved does not seem to be an option, is the General Services Administration’s $800,000 Las Vegas orgy at our expense, with GSA official Jeffrey Neely at the helm. Wouldn’t you know it? Mr. Neely “just invoked his fifth amendment rights and refused to answer any questions in the committee’s inquiry.”

As to the safety of the parasites and whether it was compromised by the prostitutes: I hope so. I want working for government to be one of the most dangerous jobs ever (unfortunately, the honest work of fishermen earns that distinction).