STOP PRESS. Impending disaster for Trump.
Andrew Hastie stands up for free speech.
The Foreign Account Tax Compliance Act (FATCA) is an odious law enacted back in 2010 when the left controlled all the levers of power. It’s horrible legislation that threatens the rest of the world with financial protectionism (a 30 percent levy on all money flowing out of the United States) unless foreign governments and foreign financial institutions agree to serve as deputy tax collectors for America’s anti-competitive worldwide tax system.
That’s the bad news.
The good news is that the Republican platform endorses the repeal of this onerous law.
But will GOPers deliver on that promise? Especially if the left unleashes the kind of demagoguery we often see in Congress and that we saw from Obama during the 2008 campaign?
I guess time will tell, but if the goal is good policy (and keeping promises), this law deserves to be tossed in the trash.
I’ve previously explained that FATCA is so brutal that it has led many overseas Americans to give up their citizenship simply because FATCA made their lives miserable. They couldn’t open bank accounts. They had trouble finding places to manage their investments. Even retirement accounts became a nightmare.
The problem of the cost of public health entitlements in the US.
History. A fascinating reconstruction of the reason why the Vikings disappeared from Greenland. In brief, they were highly dependent on the sale of walrus tusks in Norway but three factors brought them undone: global cooling made life more difficult but the two crucial blows came from the erosion of the market for walrus ivory when better ivory started to turn up from Africa and the halving of the Norwegian population during the Black Death.
Books and the life of the mind. The American Scholar. Accuracy in Academia. Michael Giffin has just released his latest book on Patrick White, reviewed in the current edition of Quadrant. Previous books and articles.
Patrick Moore, co-founder of Greenpeace speaks on the relationship of CO2 and warming.
Karl Popper on the moral responsibility of the scientist (1969).