Where former IRS Commissioner Shulman was vindictive, Koskinen is just brain dead! PART II

This has got to be one of the most unintelligible things that could be uttered by a man who is supposed to be smart. It makes no economic sense to go chasing after a dollar if it will cost you more than a dollar to acquire it. His comments just illustrate the mentality of DC (not just Treasury and the IRS) – he really believes that CBT is fair and FATCA just helps enforce compliance of laws already on the books. He has no clue, has and will never be the victim of the pointy end of the FATCA spear. He will never be the one to stand up and say to Congress “hey CBT is unfair, it’s hurting US citizens living abroad, we need to move to RBT to solve this problem”….he is so clueless and DC centric he will never see the problem never mind propose to fix it.  Koskinen makes no mention about any of the programs spawned by OVDI. How can any organization function effectively when it has to implement so many programs to fix the problems created by the previous ones? Their inefficiencies and lack of foresight have squandered shameful amounts of scarce resources.
We saw this in his “testimony” before Congress about the IRS harassment of conservative charities where he defined bureaucratic arrogance in the face of the people’s representatives! He ignores his own department’s internal evaluations to continue a program that is spiteful, hateful, useless, and imperialistic. He talks of the $7 billion, but misses that most of these people were resident INSIDE THE USA, NOT OVERSEAS! He doesn’t consider that 70% of this revenue represents penalties; of the 30% that represents taxes due, 80% are past taxes due, not recurring revenue. So of that $7 billion less than $1 billion is likely to be on-going revenue and therefore won’t come anywhere close to covering the costs for administering FATCA! In the meantime, the global banking community will be spending tens of billions to comply with this Frankenstein piece of BS legislation!
Americans have given up their passports because of the imposition of this decidedly un-American and un-Constitutional process, and it makes the dual American citizens second-class with respect to their privacy everywhere.
Finally, he clearly doesn’t have a clue about who pays what in America. Those making over $200,000 pay over 80% of the taxes in America – this comes from the IRS.gov statistical data-book available on-line to anyone. It is the rich people with their fancy lawyers and accountants who pay almost ALL of the taxes that the IRS collects. Those making $50K or less only pay some 6% of the taxes collected.
Koskinen clearly is interested in serving his department instead of serving “we, the people”, for if it were the other way around, he should be fired already! And not just for this. The bigger reason that he conveniently doesn’t mention when he quotes that erroneous $7 billion figure is his department has been sending out over $20 BILLION each year in fraudulent tax refunds according to TIGTA – i.e., the IRS’ own internal auditor! And all overseas Americans and duals are meant to think none of this will happen with our accounts once the details of our bank accounts, their numbers, the amounts, along with our social security numbers and addresses are in their possession??
This is the height of BS out of this administration! And it has a lot of competition!!