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June 23 - Pro wing of @Demsabroad hosted @USWealthTax advocate @Gabriel_Zucman: 1. Explains why he DOESN'T agree with CURRENT US @citizenshiptax AND why for MOST #Americansabroad current #CBT NOT justified. 2. Says #FATCA should be replaced with #CRS.
The rest of the discussion generally reinforced @Gabriel_Zucman's commitment to a @USWealthTax - he clearly believes that it is appropriate to "tax the rich". That said, there is no suggestion that this should generally apply to #Americansabroad.
There were some questions focusing on tax simplification and compliance for #Americansabroad. Generally, @Gabriel_Zucman agreed that compliance is far too difficult.
To be clear (my interpretation) many members of the progressive wing of @DemsAbroad clearly do NOT want to sever US citizenship from US @taxresidency. They are generally committed to a "shakedown" of the "rich" (whoever those people may be).
In addition to the @Gabriel_Zucman presentation the concluding discussion (among DA members) is VERY interesting and I strongly suggest listening to the complete video ...
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