Posted on 05/18/2012 6:19:09 AM PDT by C19fan
Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay 'hundreds of millions of dollars in taxes to the United States government.' The social media entrepreneur and investor said in a statement, emailed to Reuters by a spokesman, that his decision to move to Singapore was 'based solely on my interest in working and living' there.
(Excerpt) Read more at dailymail.co.uk ...
I love my country, but the politicians, bureaucrats and other leaches are ruining it. They don't need more money. They need to cut spending.
You’re an idiot. I highly doubt his life was threatened in Brazil, although one of the criminal gangs had their eye on his father. In fact it would seem like normal immigration. Brazil has a great deal of highly civilized industry, among them one original subsidiary of Smith & Wesson and one deutherium factory. It also has a lot of software people, some of whom I know.
“our dime back”? Lol.
Every single dime in the hands of a producer is in a better place than in the hands of this criminal federal government.
I would like to submit post 63 of this thread for post of the year!
Everytime a country ANYWHERE has lowered taxes lower than it’s neighbor that country has seen businesses rush into it and the country in question has ended up with MORE revenue in the end.
We need a constitutional amendment to CAP ANY and EVERY TAX at 10% and make it so that the Number of different taxes is limited to one per inflow (federal income tax) and one per outflow (state sales tax) and eliminate the serval other forms of tax such as taxes on property that has already been paid ie. (estate tax) and other screwball taxes, also a limit on Property taxes as well with a ceiling of 2% to 5% the land value per year.
In order to limit government to a reasonable level we need to stop feeding the damn thing.
Also limit what can be borrowed to a percentage of the GDP.
John Galt/Eduardo Savrin, the name does not matter.
I have the unalienable right to live, work and create wealth wherever I please. Anyone who attempts to enforce a claim on my income, wealth and creative abilities is a low life coveting parasite. Shame on any one, especially a FReeper who thinks he owns me! He ought to know better. He ought to know the forces that his grubby grasping attitude serves. Indeed such an attitude enables the destruction of the very Constitution that such people claim to be protecting. He is an enabler of the Leviathan State.
What’s keeping you here, Singapore has a lot of vacancies. We’ll have a freepathon so you can ex-patriate yourself. AMF.
The median household income in the US in 2010 was $52,026. In that same year the total average cost of a single federal worker was $124,000. Government must consume the income of over 2 private sector households, and all the jobs that implies in order to fund a single public sector worker.
This simple math shows that what you say is true in a stunningly important way. Above the basic, enumerated, functions that government has in the Constitution, every government function costs us very dearly indeed in terms of money, but even more dearly in terms of how it must intrude and diminish personal liberty.
So what is your beef with me? That you want to keep me here so you can be a parasite on my income? Or that you object to my defense of the liberty of another person to live where he pleases? Maybe you worship big and Bigger government.
No amount of money or any circumstance short of a total collapse of the Constitutional government would make me leave the USA. Even in that worst case scenario I would fight it out, secession being the best case for relief. Leaving just isn’t an option for this patriot. Blood is thicker than gold.
“We need a constitutional amendment to CAP ANY and EVERY TAX at 10% “
The issue is NOT taxes, but spending. Economist Milton Friedman pointed out that government must get what it spends by borrowing, inflating or taxing. I would add that it could also sell assets, like some of the vast land holdings it owns west of the Mississippi River.
If government set the income tax rate at zero, but printed all the money it spent, it would get revenue by inflation and that would be a tax on the citizen just as surely as if government had a positive income tax rate.
This is why I support the National Debt Relief Amendment: An increase in the federal debt requires approval from a majority of the legislatures of the separate States. We can shut off a lot of government bloat and abuse by setting a ceiling on national debt. Political factors would limit the rate of taxation. The only other aspect is the Federal Reserve’s money creation which last year financed 77% of the federal government’s spending.
“Leaving just isnt an option for this patriot. Blood is thicker than gold.”
I don’t want to leave either, but there is a tax rate and level of tyranny above which it offends morality for me to continue here. I refuse to be an enabler for the Leviathan State. But just as you should not confuse money with wealth, you should not confuse the government of the United States with the nation this government towers over.
No amount of money or any circumstance short of a total collapse of the Constitutional government would make me leave the USA. Even in that worst case scenario I would fight it out, secession being the best case for relief. Leaving just isnt an option for this patriot. Blood is thicker than gold.
Those are mighty fine sentiments, but I wonder how appropriate they are in a country that did elect Obama once and appears ready to elect him again (or a white and delight-some version of the same thing). The fires of freedom may well burn brighter on some other shore.
I love the land, but my countrymen fall far short of the mark of being a freedom loving band of brothers deserving of my loyalty unto the death. They seem to be largely a bunch of lemmings hellbent on self destruction. YMMV
When are you leaving? AMF.
“America first.”
Even if America has turned away from being America?
I have no problem if he wants to leave. It is his decision.
People should not be forced to stay here.
What’s your problem? If I made a fortune and saw the scumbag rat politicians coming after me for their graft, I wouldn’t let the door hit me in the ass, either.
I see you’re a “let-me-bend-over-so-you-politicians-can-take-my-money” kind of “American”.
Congratulations.
What a true blue “American” you are.
Hey the airfares are pretty cheap to Singapore, you game? Maybe you could hook up with that Face Book twerp.
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