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kleinbl00  ·  3318 days ago  ·  link  ·    ·  parent  ·  post: What your 1st-grade life says about the rest of it

Behold FATCA.

I'd never heard of it, have you? Piketty mentions it after he goes on about offshore accounts and points out that it's the first thing in a long while to actually penalize shady offshoring, and that it has the teeth to actually change banking.

Meanwhile, the right wing noise machine has been calling it the "death tax" since Grover Norquist was in short pants but it still exists. Believe it or not, I'm optimistic on this one.