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0 pointschronci7395mo ago0 comments

> Advent of FATCA means it's hell for normal Americans to bank overseas.

> But people with money notice.

skill issue.

you need more money.

0 comments

mothballed5mo ago

Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.

minkeymaniac5mo ago

unless you have more than 1 passport

mothballed5mo ago

If your other passport shows you were born in US your bank will still hold you to FATCA controls, and even if it doesn't show that then they're still bound to FATCA and can be punished if it's uncovered you're a US citizen.

pavlov5mo ago

So sad.

Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.

mothballed5mo ago

It's hilarious how much Americans would be willing to sabotage themselves if only they could inconvenience the accountant or lawyer of a billionaire.

j / k navigate · click thread line to collapse

0 pointschronci7395mo ago0 comments

> Advent of FATCA means it's hell for normal Americans to bank overseas.

> But people with money notice.

skill issue.

you need more money.

0 comments

mothballed5mo ago

Yeah but even with more money your foreign bank is required to rat you out with no warrant, not appealing.

minkeymaniac5mo ago

unless you have more than 1 passport

mothballed5mo ago

pavlov5mo ago

So sad.

Reminds me of Elon Musk recently complaining about how hard it is to be a billionaire.

mothballed5mo ago

It's hilarious how much Americans would be willing to sabotage themselves if only they could inconvenience the accountant or lawyer of a billionaire.

j / k navigate · click thread line to collapse