Comment on How can a US citizen invest outside the reach of the federal government?

• iii@mander.xyz ⁨10⁩ ⁨months⁩ ago

  It is, in a way. You want a strong 4th amendment.

  But there’s not much left of it (1), to “make sure everyone pays it’s fair share” and later to “keep you safe from terrorists”

  source

  • ccunning@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Yup. I think you’re right.

    I was very confused at the responses I was getting here at first, but after reading them and thinking about things a bit more it does basically come down to taxes even if it isn’t explicitly taxes I was trying to avoid.

    TIL

    source

    • iii@mander.xyz ⁨10⁩ ⁨months⁩ ago

      All the perceived weirdos and early crypto enthousiast advocating for privacy laws start to make more sense when you don’t consider your government as a force of good :)

      source

      • ccunning@lemmy.world ⁨10⁩ ⁨months⁩ ago

        Whoa whoa whoa - let’s not get tooooo crazy here…

        😜

        source

        • -> View More Comments
• Varyk@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

  oh, so what did you mean by “outside the reach of the government”, just foreign investment opportunities?

  source

  • ccunning@lemmy.world ⁨10⁩ ⁨months⁩ ago

    Seizing/freezing.

    source

    • Varyk@sh.itjust.works ⁨10⁩ ⁨months⁩ ago

      then all you have to do is file the FBAR and pay your taxes every year and you can invest anywhere you want, however much you want.

      source

      • ccunning@lemmy.world ⁨10⁩ ⁨months⁩ ago

        How so? You think reporting accounts to the IRS keeps the US from seizing/ freezing accounts?

        Not following your train of thought

        source

        • -> View More Comments