I want to prepare myself for the possibility of the Transaction Tax being made law. I think if we have a severe recession there will be an unprecedented assault on the free markets (which has already begun). We have had such a tax implemented after the Great Depression and it lasted for 30 years. The UK has a similar tax. So if it passes, which country to move to and trade from? I think the worse thing about leaving America is that the IRS owns u for life. I've heard that even if you renounce your citizenship u still have to pay taxes on any income earned overseas.