No Good Bastards. Make their millions off the system we have in place and at the first hint of trouble, they are scurrying like the freakin’ rats they are. I WOULD LOVE to see the list of names. And if they honestly believe by renouncing their citzenship of this great country, that they are protecting their money and assets.......wait till foreign factions find out who they are and how much they have. GOOD RIDDENCE you cowards and don’t come back.
The "system" on which millions were earned is no longer in place. We have psuedo-communists running the White House, Senate, and the House of Representatives. Given the opportunity, I'd consider leaving as well.
Charlie's not just in the wire, he's in the White House.
Rats they may be. But rats know enough to leave a sinking ship. And that should worry us.
No doubt our politicians will note this story and do precisely the wrong thing. Instead of concluding that taxes are too high, Congress will undoubtedly try to squeeze more money out of those who earn high incomes.
Remember the response of the governor of New York when he was told that Rush Limbaugh was leaving the state to avoid the high taxes there. Governor Paterson said that if he had known Limbaugh would leave New York, he would have raised taxes sooner.
Personally, I am less concerned about the rodents going over the side than the water rising in the hold.
Are they doing it out of greed, or are they starving the beast by taking their "capital" off the table. My guess is the former. The only other reason is Obama's subtle Antisemitism. If someone wanted a not so Pro-Islamic country, Australia has shown not to friendly as well as Northern Italy. The question is what is the oppourtunity cost of going to these countries, AU, your guns, and a Gov't 401(k) annunity, Italy a tax system that becomes a benchmark for evasion. Others talked about as havens for us are debatable as well, Poland, NZ, Singapore, Brazil and Costa Rica. As someone close to the Jewish community, this has been spoken off, trust me....
Want them to stay? Stop punishing success. I’ve had trouble tracking this number down, but it is estimated there is 10 to 13 trillion dollars held in offshore banks.
Stop publishing success and bring these dollars home and put them to work investing in new business.
End the capital gains tax and tax on savings. End corporate taxes.
Enact a flat tax and unleash the American entrepreneurs so we can grow our way out of this economic mess.