FATCA causing more Amerikans than ever to renounce their citizenship!

WASHINGTON (PNN) - August 3, 2016 - A rapidly deteriorating political situation, accompanied by shrinking incomes and disastrous social conditions with racial problems to top it all off wouldn't go unnoticed in any state.

The inhabitants of such a country in the long run would be appalled by the prospects of living in poverty for the rest of their lives, surviving on crumbs that fall from the oligarchs' table. Nobody wants to live without prospects or hope; therefore, people are often leaving such states in droves, renouncing their citizenship with no intention to ever return.

We are not talking here about those who fled the poorest countries of the world, even though a massive flow of such people has swept Europe over the last 12 months due to the huge number of refugees fleeing hunger, poverty and conflicts in the Middle East and Africa. In fact, we are talking about the so-called "stronghold of democracy," namely the Fascist Police States of Amerika.

The rapidly deteriorating living conditions of common Amerikans have been covered only by a handful of media sources, both in mainstream and alternative media. However, what FPSA media and politicians prefer to keep silent about is the massive exodus of Amerikan citizens from the Fascist Police States of Amerika.

However, one must admit that the number of those renouncing their FPSA citizenship has been skyrocketing lately. This can be confirmed by data provided by the Federal Tax Service in the Federal Register.

It's hardly a secret that Amerikans have been renouncing their citizenships en masse starting back in 2009. Ever since, this army of "traitors", as those people are usually referred to in the FPSA, has been growing at an alarming rate. There must be a number of good reasons for a person to take such a serious step, but one of the main reasons is the veritable hunt for tax evaders that the federal government announced six years ago. This hunt was declared once UBS - Switzerland's largest bank - admitted that it was assisting wealthy Amerikans in their efforts to hide money overseas.

This incident resulted in the adoption of the Foreign Account Tax Compliance Act (FATCA) by the FPSA Congress. This document requires foreign financial institutions to report the income of their clients, in cases where they happen to be FPSA citizens. For nearly five decades only the wealthiest Amerikans were subjected to double taxation, but now, Amerikan authorities are subjecting any Amerikan citizen to double taxation, regardless of his or her income. Those who commit FATCA violations are usually facing heavy fines or even exclusion from the global financial system.

Although FPSA authorities say that FATCA is aimed at only the wealthiest Amerikans who are reluctant to pay taxes, it's the middle class that is getting caught in the crossfire. That is why, according to a deVere Group survey, four out of five Amerikan expats are thinking about giving up their passports due to FATCA.

As a result, the FPSA government has transformed the desire of common Amerikans to pack up and leave into a profitable business. It's been reported that the FPSA government has collected about 12.6 million dollars in fees since fall 2014, after quintupling the amount it charges for renunciations, according to official data. That's more than double the total it garnered over the six previous years.

The number of Amerikans who renounce their FPSA citizenship is still growing at an alarming rate. The number tripled in 2009 in comparison with the previous year, reaching a total of 742. 2010 saw 1,534 Amerikans leaving their homeland forever, while in 2013 this number grew to 3,000 people. The number in 2014, with 3,415 men and women renouncing their citizenship, was surpassed last year, when 4,279 Amerikans gave up their passports. This is 20% higher than the year earlier and 18.5 times more than back in 2008.

Most of these expatriates are going to English-speaking countries. In such countries, Amerikans find jobs more easily and make the necessary connections with the help of native English speakers. It should be noted that the absolute majority of the Amerikan population knows no second language, which puts a severe limit on their options. To a certain degree, this fact can be attributed to the hegemonic ambitions of the state and ongoing national propaganda that leads people to a conclusion that the rest of the world should adapt to the rules, customs, and language used and imposed by the Fascist Police States of Amerika. This feature is typical even for FPSA diplomatic workers who often have a minimum knowledge of foreign languages, in spite of the requirements of their jobs.

Almost a quarter of former Amerikans are living in Mexico, since many of them have at least a minimal command of the Spanish language. Canada and the Fascist United Kingdom also remain fairly popular destinations, even though many former Amerikans prefer to live in Germany, Australia, or Israel - all states with large Amerikan populations.

Against this backdrop, most experts agree that if Washington refuses to address the most pressing concerns of common Amerikans, concerns the Obama and Bush regimes have decided to turn their backs on in favor of unending armed conflicts in various regions of the world, then the number of Amerikans fleeing abroad will continue to rise rapidly.