It is time for the United States government to eliminate financial incentives and apply severe penalties to wealthy, unpatriotic Americans who choose to invest their money into off-shore or foreign bank accounts, instead of into American banks.
The "Banking Patriot Act" would revoke the citizenship of any U.S. citizen who is found to have off-shore or foreign bank accounts, and refuses to reinvest that mony back into the American banking system.
A grace period should be included in this legislation, allowing guilty citizens to avoid revocation of their status as an American citizen by transfering their money back into U.S. banks within one year.
I just signed the following petition addressed to: The United States Congress.
Pass the "Finanical Patriotism Act"
There are too many tax incentives promoting and too few financial regulations deterring ,
Phil Attey started this petition with a single signature, and now has 3 supporters. Start a petition today to change something you care about.