From Zero Hedge:
What comes after Banana Republic? Because America is it...
After last week Facebook co-founder, and native Brazilian, Eduardo Saverin announced he would denounce his U.S. citizenship, America has decided to make it virtually illegal to denounce one's citizenship in what can only be classified as the dumbest proposed law in recent history: Meet the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy), proposed by Chick Schumer and Bob Casey.
One wonders just how much taxpayer money was spent to pay naming consultants to come up with this witty acronym for a law that can only be classified as utter idiocy.
Here is our suggestion for the follow up law...
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