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Hi John,
I would have to look further into the US law you are referring to. One thing I CAN point out is that
property rights are much more protected in the US than
in Canada, so I would be doubtful about the FBI's right
to see assets on SUSPICION, alone.
Here in Canada, property rights are really just an
illusion. The government CAN, at any time, and without
proving justification, expropriate property (land).
A case in point happened some years ago. A man who had
built a successful construction company sold it and
bought his lifelong dream, a hunting lodge in northern
Canada. He sank over $300,000 into it, and was just
beginning to get going when Revenue Canada came calling
to say that he owed a large sum of money from his
former company in GST sales tax that hadn't been submitted.
The man fought the charges, provided all necessary
documents to show that he had paid everything, but it was
all to no avail.
Revenue Canada seized the property, sold it for $30,000
at auction and attempted to close the account. He
continued to fight the government, and eventually, with
his life savings completely exhausted, proved his case.
Revenue Canada sent him back the $30,000 from the sale
of his $300,000 + hunting lodge and closed the account.
The man had no recourse left, and ended up shooting himself.
In Canada, civil servants cannot be sued or called to
account for ruining people's lives, no matter how incompetent they are. (They can, however, and often are,
promoted to a different department!)
This is one example of how unchecked democracy can fail.
God bless,
Dave
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