Bank Privacy Hypocrisy

privacy       2001-07-06 
One of many pastimes of government bureaucrats is forcing foreign banks to cough up tax information on US citizens. This is a disaster for the cause of privacy, the right of contract, and freedom itself. If the campaign, which has been going on for years, finally succeeds, it will mean the end of bank privacy for Americans. It also devastates foreign economies that see a comparative advantage in offering secure banking to people from around the world.