Posted Jan 21, 2013 by Martin Armstrong
France is not alone. Mickelson spoke and made it clear “there are going to be some drastic changes for me because I happen to be in that zone that has been targeted both federally and by the state. And, you know, it doesn’t work for me right now. So I’m going to have to make some changes.”
Payroll taxes including Obamacare are up about 10%. The State of New Jersey has an exit tax. So you paid all your taxes your whole life, and they now want to tax the remainder if you leave.
Even our own situation results in over 60% of any ticket price for a conference in the USA goes to government. Everyone wants us to start services and charge. The taxes today on staff make it very difficult to keep prices down. This whole thing is inflationary for either you cannot hire and layoff to stay even, or you have to raise prices. Government is clueless what they are doing. They waste most of the money anyway and export 40% overseas to keep the debt rolling. There is no borrowing from ourselves any more. We borrow from everyone else. Raising taxes does not benefit the poor, it benefits bankers selling the debt and bondholders.
Lawyers overseas handling ex-pats now have more business than they know what to do with, The line to resign American citizenship is around the corner. Wish there was some way to get them to look at the consequences of their actions. But they are took caught up in trying to plan for their own retirement giving cushy perks to the lobbyists while the rest of us go down the tubes.
I was told PERSONALLY by a staff member of the House Financial Services Committee that Goldman Sachs will NEVER be indicted no matter what they do because everyone wants to get one of those high-paying jobs to retire that they hand out.