How FATCA non-compliance will affect you
How will this affect you the citizen? Let’s first examine manufacturers .
The cost of their material inputs will increase by 30 percent, which they will pass on to you the consumer .
You will buy less, they will reduce their overheads, meaning reducing the number of employees. For food distributors, their items will also cost 30 percent more. Can you afford a 30 percent increase in your monthly grocery bill? How will this affect housing? Windows, doors, ceilings, fridges, stoves etc will cost more .
The price of a house will definitely increase, as will your monthly mortgage payments .
What about vehicles? Thirty percent increases here too. Making construction equipment and transportation more expensive .
How about your health? The cost of all drugs will increase by 30 percent, whether CDAP or not. For people with chronic diseases, this would be a life-threatening situation .
So do you think this situation is not your concern? Are you still willing to let these politicians, especially the Opposition, screw up your lives? Are you willing to stand up and be counted? Roger Gordon Cascade
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"How FATCA non-compliance will affect you"