The law in this case is unjust. Those who don't like it (practically the majority of people) can open a separate company in Hong Kong and keep their foreign money untaxed. Or they can just not disclose the money they make.
Yes, it's illegal - selling drinks was also illegal during Prohibition - that didn't mean it was right.
The US actually reminds me of the relationship between the British Empire and the East India Company - the organization was so powerful that the actual government didn't have as much control over it as they wanted. It's the same with the US gov and its citizens (including corporations/businesses).
I don't know where the country is going, though. Other countries (especially in the EU) are now very close, equal or better than the US when it comes to business and living conditions, so there's really no reason to "switch sides" now.
With a British and Australian passports, you don't even need to think about a US citizenship - it is indeed useless, however if you're from one of the less developed countries , it's still worth it.
The US actually reminds me of the relationship between the British Empire and the East India Company
This is the key! It is the all-pervasive, highest priority plutocracy aspect that is causing the most damage to the US and its image.
When your prime concern is to treat your citizens as a tax fund and then on-top of that misappropriate those precious resources in mainly multi-decade long and continuous militaristic campaigns and development instead of socially cohesive and constructive policies that protect the long-term interests of your citizen base, then it is hardly surprisingly the amount of dissatisfaction caused, especially how citizenry itself is becoming globalised by communication and technology.
Of particular concern is:
* why banks are allowed free reign to cause so much damage without penalty or preventative regulation (e.g. now, subprime is starting all over again except in structured finance commmodity markets),
* why large corporates and high wealth individuals are so permitted to abuse accounting principles to avoid taxation even compared to the rest of the West (where do you think this tax revenue will now be sourced from?) and bypass social or environmental responsibilities,
* why political campaign funding is allowed to be so corruptingly privatised particularly at the non-federal level,
* why (highly funded) private lobbies, even of foreign governments, are permitted to be so powerful against the political system,
* why politicians are so protected in office even when they behave in ways that would be illegal in any other situation (e.g. trading based on inside information),
* the extreme lengths the "multicultural experiment" has been allowed to segregate and ghettoize their citizenry,
* the extreme punishment and lack of tolerance for even the most minor of crimes in the legal system, etc. etc.
Given the above, it is hardly surprising that US citizens are both turning to and incidentally discovering the many benefits of living elsewhere and dissociating themselves from their parent country's government.
Yes, it's illegal - selling drinks was also illegal during Prohibition - that didn't mean it was right.
The US actually reminds me of the relationship between the British Empire and the East India Company - the organization was so powerful that the actual government didn't have as much control over it as they wanted. It's the same with the US gov and its citizens (including corporations/businesses).
I don't know where the country is going, though. Other countries (especially in the EU) are now very close, equal or better than the US when it comes to business and living conditions, so there's really no reason to "switch sides" now.
With a British and Australian passports, you don't even need to think about a US citizenship - it is indeed useless, however if you're from one of the less developed countries , it's still worth it.