So, Facebook co-founder Eduardo Saverin wants to ditch his American citizenship and wander over to Singapore. Why? Because the US federal government wants to tax the bejeebers out of his riches (which he doesn’t actually have yet), and he’ll be far richer if he *leaves* the US. So, what do idiot US Senators Chuck Schumer and Bob Casey want to do? Do they want to reform American tax laws to make them less punitive? Do they want to reform American tax laws so that, say, Singaporean billionaires will want to move here? Nope. They want to enact punitive new laws specifically to target people who realize that the US is quickly becoming a collectivist craphole. They want to find John Galt and shoot him in the head and steal all his stuff.
Senators Want to Ban Facebook’s Co-Founder from America Forever
How will this law make foreign investors or foreign citizens with big ideas want to come to the US?
Shouldn’t the issue here be that he’ll be richer somewhere other than the US… and that the US is *supposed* to be the place where your efforts are most richly rewarded?