"There is no bar to this nation's holding one of its own citizens as an enemy combatant." ?
If you answered that it was Michigan's own destructive insect, domestic enemy, and professional, pathological liar, Karl Levin, you'd be correct.
The author of the indefinite detention, section 1021 of the 2012 NDAA, isn't done terrorizing everyone in this country yet.
Simon Black at the Sovereign Man informs us
Mr. Levin is now at it again.
In our ongoing conversations, you and I frequently discuss the Foreign Account Tax Compliance Act (FATCA)- a small part of a 2010 law which I typically describe as the `most arrogant piece of legislation ever passed.'
FATCA imposes additional reporting requirements for US citizens with foreign financial accounts, as well as heaps of obligations for foreign financial institutions.
FATCA casts an enormous net, affecting banks, brokers, and even gold depositories. And its requirements are so onerous that, as I reported last Friday, even Swiss logistics giant ViaMat has dropped US citizens from storing gold abroad.
The law itself was tiny... a mere 18 pages. But the IRS regulations which came out of it total more than 500 pages. It's unreal. Absurd, really.
Apparently, though, 500 pages of oppressive regulations aren't enough for Mr. Levin. And his new bill, S.268 "CUT Loopholes Act" aims to raise the bar even higher.
Section 102 of the bill, entitled "STRENGTHENING THE FOREIGN ACCOUNT TAX COMPLIANCE ACT", proposes a number of increased reporting requirements for both banks and individuals.
There is also a provision to expand the FATCA net even further by defining "non-FATCA institutions". Essentially, this would give the Treasury Department all the domestic legal authority they need to bully anyone in the world. (Again, anti-social behavior?)
"Ye are of your father the devil, and the lusts of your father ye will do. He was a murderer from the beginning, and abode not in the truth, because there is no truth in him. When he speaketh a lie, he speaketh of his own: for he is a liar, and the father of it." -John 8:44
