I wrote the following comment at Beating the Index, after Mich asked us what we thought of an oil company operating in Texas:
I gave up my US citizenship on February 28 2011, and I am very angry with the United States and its attempt to persecute Canadian residents, about 1 million of us, with extra-territorial taxation and persecution through laws that are intended to attack money launderers, drug dealers, and terrorists. Many innocent Canadians with dual citizenship with the US have become fearful of not even being able to cross the border to visit their families now, and Canada’s finance minister, Jim Flahrety, has told the IRS to back off of innocent Canadians who are not tax cheats.
When you expatriate from a country because you think that the people running it are persecuting you, treating you in an unfair manner, do you think that’s gonna be the first place you would want to invest? I’ve decided to stop even travelling to the US, except for family emergencies where the risk reward ratio makes sense. I did invest in Texas a few years ago, but thanks again to the US Federal government, I was basically fleeced for 70K. No thanks. Never again.
I think EGL could turn out to be a good investment, but with the OWS movement and an administration that wants to tax the rich, is not nationalization of the resource sector not far off? Paint me as paranoid, but the US federal government has caused me great suffering by threatening me, someone who’s lived in Canada now 25 years, I feel like requesting my fellow Canadians to keep their money at home and to boycott the USA until they [the Yanks] can figure out that it is not right to attack innocent Canadians.
Thanks for letting me rant a little. I just think people should know about this.