Friday, October 31, 2008

Obama Is Against You protecting Your Own Wealth

Obama Says: "Shut Down" All Tax Havens
Well, he's finally come right out and said it. Yes, he has.
Democrat presidential candidate, Barack Obama, speaking on October 23rd in Indianapolis, again attacked "big corporations" who use "tax loopholes" offshore - but he also made clear that he wants "to shut tax havens" down.
If you would like to hear the farthest Left member of the U.S. Senate advocate an end to tax havens, spoken in his own smooth baritone, click here, then click on "Listen Now."
Of course, Obama - who can draw 100,000 adoring Europeans in socialist-leaning Berlin - is not yet Dictator of the World.
He has no power, as yet, to ban tax havens worldwide or change the internal bank secrecy laws of sovereign nations such as Switzerland and Panama. But a President Obama could impose currency controls on dealings with selected countries, ban Americans from moving cash offshore, and even confiscate assets under emergency decrees and the nefarious PATRIOT Act.
The young Illinois senator has made crystal clear that high among his goals in an Obama Administration will be: 1) the curtailment, if not abolition of tax havens worldwide; 2) an end to all business and personal financial privacy; 3) automatic exchange of tax information among all national tax collectors; 4) nullification of bank secrecy laws, and; 5) public records of all hitherto private beneficial ownership of trusts, foundations and corporations.
Alexis de Tocqueville predicted Obama's ilk way back in 1835 when he wrote: "The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money." And so the New Deal motto has been revived: "Tax, tax, spend, spend, elect, elect."

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