I guess Swiss banking giant, UBS, and US federal regulators have come to some kind of a settlement, wherein the bank will disclose the names of American clients holding accounts offshore, so they can be fined and/or prosecuted. Most news agencies report this as some kind of victory for the country, but we should never be so naive as to confuse the government of the United States' interests with those of the American people.
This, along with coming Obama tax hikes and regulations, will only serve to convince the wealthy to actually leave the country, and to take the economic power of their money elsewhere. Just like most things the Democrats do, IRS's policies will only end-up hurting the average American, by sending companies and jobs overseas, and driving what capital that does stay into passive situations. If the wealthy don't trust the government, or feel unwelcome in a country, the leave, and they take prosperity with them. I wonder who the Democrats actually work for.
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