Guess what. We are in a small group of countries that include North Korea. We are one of the few countries in the world that tax our citizens when they are abroad. We tax them, the country they live in tax them. The only way around it, give up your U.S. Citizenship. Of course, a new law just passed by Congress and approved by the President, says that you have to assume all your worldly goods were sold and then you have to pay capital gains tax on it, before you give up your citizenship.
So, if we have a young person that wants to go abroad and learn. First choice, he can pay double taxes or he can give up his citizenship. That is freedom. Land of free, home of the brave. That is complete crap. It puts our country at our a disadvantage, and it puts our youth that want to learn at a severe disadvantage. It says, go learn, but give up your citizenship and don't come back.
Where the hell do we come up with such ideas. It is because 99% of Americans do not even know about these laws. And for the few that would agree with such laws, they live in a dream world where everything good comes from America. Wake up, those days are over. We are in a serious economic battle for survival and we act macho and stupid as a country. Wake up. We need to go abroad and learn.
In the old days, when I was young, 99% of technology came from America. Then we sent manufacturing plants overseas. Guess what? For one generation we lose jobs when we sent manufacturing overseas. The next generation, we lose expertise.
Extractive Metallurgy, when I was young, U.S. was tops. We had the expertise and the smelters and refining plants. In the 70's, we quit building plants here. Ore grade too low, labor too expense, and the greenies decided it was too dirty. Well, the planet was not served well. Dirtier plants were opened up all over the world. The jobs left and then the expertise. I am the last of the kind, the end of a long line of metallurgist in the U.S. Where there are no jobs, there is no expertise and there are no future jobs. It is an industry we chose to abandon. We have done the same thing with oil. Only drive on foreign soils, only off the coast on foreign soils. For now, it is still our companies doing the exploration, the drilling. Exxon is at the lead. Next generation, starting in about ten years, guess what the expertise will be overseas and they will be sending their engineers, their experts, to drill in a third world country call the United States. We live in a dream world, a world that existed a long time ago when America was great and free.
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