[SeekAndFind]

RE: Don’t kid me, remember when John Templeton renounced U.S. citizenship? We’ve been hearing about reforming the tax code at least since then.

You know, I’ve been thinking about this whole tax business and it occurred to me that the US government is going about this the wrong way.

If you want money to come flowing IN to the US, you have to COMPETE with the likes of Switzerland, the Cayman’s and Singapore.

Why not do as they do and make our tax code MORE GENEROUS and ATTRACTIVE to guys like Eduardo to keep their money here instead of making it more onerous so that they would leave?

If you really want to break the stranglehold of Switzerland, COMPETE with the banking and tax laws of Switzerland instead of hiring armies of IRS agents to harass law abiding citizens and confiscate what they earn worldwide.

[Revolting cat!]

Exactly. Eduardo is now investing (conservatively, I read in the WSJ)in Singapore. D’uh!

[bruinbirdman]

"If you want money to come flowing IN to the US, you have to COMPETE with the likes of Switzerland, the Cayman’s and Singapore."

Barak Hussein Obama, "I don't care about more revenue, only fairness. If you have more, you should pay more or leave."

yitbos