Will Grigg?s Liberty Minute

April 29, 2010

Despite all of the difficulties afflicting us, American citizenship remains a cherished blessing. Yet an increasing number of U.S. citizens living abroad are being driven to repudiate their citizenship.

In the last quarter of 2009, 509 Americans renounced their citizenship ? more than double the total number of expatriations that took place in 2008. Time magazine reports that hundreds of additional applications for expatriation have been filed with U.S. embassies around the world.

As Time points out, ?the U.S. is the only industrialized nation that taxes its overseas citizens, subjecting them to taxation in both their country of citizenship and country of residence.?
The Regime?s implacable appetite for revenue has led to imposition of draconian and invasive financial reporting requirements regarding assets deposited by U.S. citizens in foreign banks. Washington also demands that foreign banks enforce its rules when handling the assets of Americans living abroad.

The fact that so many are willing to surrender U.S. citizenship is a potent indictment of the federal government?s utter depravity.

Let us take back the liberty wherewith Christ has made us free.