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Old 05-10-2011, 11:35 AM  
DWB
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Quote:
Originally Posted by SallyRand View Post
Think about this:

If the USA economy goes to Hell in A Handbasket, what with it being so closely tied to whe world economy and things are bad in the USA, what will things be like in other countries? Panama could and would nationalize your shit in a heartbeat to cover its own ass. Giving up US citizenship does not necessarily elminate US tax obligations, by the way.

You really want YOUR propety held by a corporation in a Third World country which has laws prohibiting direct ownership by non-citizens?

I don't think so but do what you like. I'm hunkering down, figuring ways to profit from the coming even more economically troubled times.
And you think your property is safe in the USA?

Default on a tax payment and see what happens to the things you "own."

Ever here of Eminent Domain? You could lose your shit that way too.

Bottom line is, your "things" are not 100% safe anywhere.
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