Skip to comments.'I have paid my dues and I'm done with the U.S': Facebook co-founder Eduardo Saverin..
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 ...
Don't let the door hit you you POS
Ahh, but what if this starts a trend? Streisand, Baldwin, Moore, etc. doing the same thing? Wouldn’t that make it worthwhile?
Who is John Galt
I wish everyone who is here only for the $$$ had as much integrity.
I'm pretty sure people hold doors open for him.
According to everything I have read, Saverin has paid every cent of his taxes to date, unlike quite a few members of the senate, congress and the Obama administration.
If Baldwin, Moore etc.. decided to do this, they would want to pass a law restricting them from ever returning to the U.S. IMHO.
Fundamental property rights over blind patriotism. I salute Mr. Saverin.
And if this is the new attitude toward those with the means and capital to flee the ship, the ship is going to sink even faster.
As worthless as I feel Facebook is, at least Eduardo has produced something which people feel has value.
This is something which cannot be said for the worthless liberal (and RINO) t*rds in the senate and the house. They are in politics because they cannot produce useful work in the real world.
They are corrupt, venal, incompetent dorks.
I think the problem lies with the taxation of our country. Not our country in general.
This is a Galt move. He’s only one guy but the politicians are doing exactly as they do in Atlas Shrugged, rather than look at their policies, make more law to mooch.
Exactly, we can’t on one hand complain about the over-oppressing taxation and regulation and on the other hand, complain when someone goes Galt because of it.
Mr. Saverin should not be labeled a POS for being a good businessman. He earned his money, and it is HIS, not OURS.
But Jerry Brown is counting on 1.2 billion in Facebook taxes. He’s already written it into the budget. Typical.
I can’t blame him. I’m very happy for him, he got out alive. I’d do the same in his position.
It seems all this country wants to do is to bleed all it’s citizens dry so they can be offered food stamps and assistance.
We are all just walking piggy banks to them.
America was founded on freedom. He or anyone else should be free to stay or go...
He has committed no crime, has paid his taxes, helped create an industry that is worth Billions - and wants to go home. Instead of asking yourself “Why” he wants to renounce, you attack him.
Meanwhile, we have Millionare politicians who have not paid taxes, or cheated on them, have sold our future down the river - and apparently they are all right?
He is free to do what he wants. He is (or was) a citizen of the United States, not property, not a slave. He need not purchase his freedom. He is free to go; and we are poorer for having lost him.
Seriously, do you feel somehow “entitled” to the wealth he has created? Does he “owe” you something?
America was founded on freedom. He or anyone else should be free to stay or go...
I gotta agree with you. Instead of criticizing Saverin, politicians should be asking: what is wrong with this country that makes productive people want to leave?
If we're not careful, the USA will become one big California.
Freepers cheer when a wealthy person moves from California to deny those free spending liberal politicians any more unearned tax money to fund their leftist socialist schemes.
Isn’t this the same tactic on a national scale?
The problem is with our federal government and leftist politicians, not with individuals trying to protect their wealth from avaricious politicians.
It is official tax policy of the US feral government to kill the rich, metaphorically for now.
No matter how much money the feral government collects, it will always spend more.
The only way to defeat it is to deprive it of funds.
Anyway anybody finds to accomplish that is fine with me.
Buy a clue. When wealthy people (and businesses) start becoming tax refugees, it’s a signal that taxes are too high, not that we need barriers to exit. We turn a blind eye to mass illegal immigration of poor people and drive wealth, talent, industry and jobs abroad. The technical term for this is “suicide.”
Exactly. This isn't Cuba.
He’s a free person leaving a free country and has paid all the taxes he owes. I wouldn’t do it because I love my country that my ancestors fought and died for. On the other hand why is anyone surprised that this is going on? I’d like to see a day when a future President does like Jimmy Carter did for the draft dogers — issue a blanket pardon to anyone who fled our tax system and welcome them back.
He’s starving the beast.
This reminds me of the terrible days in England (the 60s) when all the film stars and tycoons were moving to California to escape taxes. Michael Caine, in particular, took a brutal beating in the media. I don’t think Ringo Starr has ever come back!
There is something very worrying about this development...
Well done, Mr. Saverin. Here’s hoping thousands more like you do exactly the same thing.
Atlas, shrug on.
Actor Andrew Garfield (left) who played Saverin (right) in the movie The Social Network.
I heard he’s planning on Tim Geithner’s ehexpertise on Turbotax when it comes to pay.
Why is he a POS? Do you think he owes it to the US government to remain a citizen just so they can tax him to death, even though he has lived in Singapore for the last few years? If so, you really are on the wrong site - you would feel more comfortable over on DU...
i don’t blame him for avoiding draconian taxes brought on by this little Kenyan commie!!!
In fact there is a 1868 law that specifically allows you to renounce your citizenship.
Or as I say, we are just wallets to them, there for the picking.
Exactly, even though hundreds of millions in taxes hardly counts as starving the beast. They just won’t be able to take more in the future but they sure get a big chunk now.
The Soviets didn't build a wall to keep people out.
“Mr. Obama, tear down this wall.”
on the contrary...the man is simply exercising good stewardship of his resources...something that the Chuckie Schumers of the world could never do or understand.
The leaders are missing the point, we are going to experience a brain drain thanks to the government taxation policies. Higher taxes, limited opportunities and yet they are surprised when the productive people vote with their feet. This is not a new situation, has happened in many other countries.
Saverin’s family has no allegiance to this country.Besides,we’ll get the money from Zukerberg;who
screwed Saverin out of a larger share of the company!
Problem with supporting “Atlas Shrugging” is, the end result for America of doing so, would be indistinguishable from the end result for America, of the communists Cloward-Piven strategy.
Something to think about.
“Don’t let the door hit you you POS”
Saverin has the unalienable right to do what he wants with his own money. The coveting of his wealth by tax-grubbers is palatable and sickeningly immoral.
It is clear that people who call Saverin a “POS” are mad that they can’t hold Saverin captive in their tax system so they can continue to expropriate his wealth. They must be on welfare or need more money from Obama’s Stash to fund their EBT Cards.
We will also hear complaints about Saverin not “giving back” or that somehow this country was “responsible” for his wealth. The government was certainly NOT the responsible party here! And all their demands on his wealth have the effect of enabling big and bigger government. There is never any gratitude for the thousands of jobs that Saverin created.
What pitiful Useful Idiots!
We all should seek to Shrug More...! I have moved from a payroll job to an alternate form of income thus denying the Feds and the State Payroll and FICA taxes.
KUDOS to Saverin for denying the Moochers future Mucho Dinero...!
Starve the Beast!
Don’t know if you saw this, but Chucky Schumer wants to double the Capital Gains Tax on people who renounce, plus bar them from ever setting foot in the US again.
And somehow I suspect those will be the ONLY people we manage to keep out of the US.
Then it is up to the government to set policies such that citizens won’t want to shrug.
Yes, exactly we should give even more money to Uncle Sam because it is working so well right now. [/sarc]
Your problem is that you want to keep the status quo and protect a system that is spiraling down at an ever increasing rate.
Sorry Bud but its over. The jobs Unions and Government over-regulation and punitive taxes caused to leave our shores aren't coming back. Our only hope is to dismantle the system in place (Big Gub'ment) so NEW jobs can be created here in the Future!
It took years to get here and it will take years to fix it and anyone wishing to add more Gub'ment regs (Like punishing those fleeing our shores) are just making things worse.
Read Atlas Shrugged its all there in black and white!
This is what I find reprehensible. Talk about a POS!
I read Rand’s book cover to cover, long ago.
I just point out to those who view the lessons therein as near Biblical in weight, that the book is fiction.
Perhaps more importantly, Ayn Rand had no way to foresee her “Galt’s Gulch” would in fact be history’s largest communist state.
I’m pretty sure, that’s not what she had in mind.
I don’t blame this guy. I have felt the same way for the last three years. Good for him!