Eduardo Saverin, Facebook Co-Founder Renounces Citizenship to Escape Capital Gains Taxes! Your Thoughts?!

by Andrew Posted 2012/05/13 12:47:33

Related Topics: Citizenship, Facebook, Smart, America, Denounce, Forbes, Protecting, US, Interest, Singapore, rate, Money, taxes, 2012

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	Eduardo Saverin Should Pay the US Capital Gains Taxes! He Is an Ungrateful Opportunist!	4 votes	44%
	Eduardo Saverin Is a Smart Businessman Who Is Protecting His Interests! I Don't Agree, But I Understand His Motivation!	2 votes	22%
	Other (Please elaborate)!	3 votes	33%

http://www.forbes.com/sites/briansolomon/2012/05/11/eduardo-s...

Eduardo Saverin denounces his US citizenship prior to the IPO of Facebook Stock! This is presumably to escape some $600,000,000 in Capital Gains Taxes he would have to pay! Apparently he has citizenship in Singapore and their Capital Gains Tax rate is ZERO!

I would NEVER renounce my US citizenship over money, but I do understand the despicable tax system we have in America and the reasoning for using the rules currently in effect to escape them!

Your Thoughts?!

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TKO 2012/05/18 16:38:35
Andrew to TKO 2012/06/04 22:30:58

Maybe, but he nis a free individual and free to make the moves that benefit him and his wealth!

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Franklin 2012/05/13 13:53:31

Eduardo Saverin Is a Smart Businessman Who Is Protecting His Interests! I Do...

+2
SSDD - being liberal means doing the same thing over and over and over and then bitching when the same thing happens ....funny how higher taxes ALWAYS means less income for the government . But no liberal is able to ever learn a dam thing -

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Andrew to Franklin 2012/05/13 13:55:26

+1
Exactly my feelings!

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Franklin to Andrew 2012/05/14 12:36:51

...another post is talking about the tax cuts that are set to expire in January / on reflection I think its time we do nothing and let them ...the only way liberals will ever learn (yea I know LOL) is if we let them have their taxes ....and the roll back on the pay-roll-tax-cut is long over do . So go ahead say I am crazy but I say the stalemate can only be broken by letting taxes "reset" to the 2000 ...so we can start explaining to liberals why Al Gore needed a 600% tax Increase just to keep spending at 1999 levels

internet bubble was way bigger than the housing bubble - we just did not have a cry baby in charge at the time to make it worse instead of better-

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Andrew to Franklin 2012/05/14 22:13:40

That would certainly kill jobs and then Barrack Obama would be a one term Presidnet for sure! Maybe not a bad idea!

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God bless American freedom 2012/05/13 13:46:14

Other (Please elaborate)!

+1
wow I wish I had invented Facebook!!!!!!!!!!!!!!!!!!!!!!!!

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Andrew to God ble... 2012/05/13 13:50:32

+1
Get to work inventing and entreprenuerializing! Is that a word?!

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God ble... to Andrew 2012/05/14 23:27:59

+1
if it is not it should be coined :)

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gregory.ditzler 2012/05/13 13:37:05

Eduardo Saverin Should Pay the US Capital Gains Taxes! He Is an Ungrateful O...

+1
This is the reason why we need to increase the expatriation tax.

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Andrew to gregory... 2012/05/13 13:44:57

+2
Why must we always increase taxes? All it does is give the incompetent lawyers in Washington more money to throw away and use for their own enrichment and power! More money hasn't given us better education, a healthier populace, lower poverty rates or anything of the like!

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gregory... to Andrew 2012/05/13 13:52:19

Not in the United States but in Northern Europe it has shown results, an Expatriation Tax serves the purpose of hurting rich businesses that leave the the country.

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Andrew to gregory... 2012/05/13 13:54:36

+1
Why do we want to "hurt anyone! Shouldn't we attract flies with honey rather tan vinegar?

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gregory... to Andrew 2012/05/13 13:57:50 (edited)

+1
No, because if business had its way their would be a slave class that they would only have to pay a dollar an hour. One of the purpose of government is to protect the weak middle class from the strong upper class.

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Andrew to gregory... 2012/05/13 20:55:18

And to whom would they sell their goods too if that were the case? Not a very in depth thought you had there!

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gregory... to Andrew 2012/05/13 21:25:54

well they'd do what they do in China and sell the goods to Europe and then they deteriorate Europe. Then you will see a return to Feudalism where the multinational corporations become merchant princes.

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Andrew to gregory... 2012/05/14 07:19:35

And so what is a way to avoid this, give the lawyers in Washington, who don't produce anything the reins of society so we can all starve to death from dependence upon such worthless beings?

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gregory... to Andrew 2012/05/14 16:12:04

no we must regulate business and also create public work programs to put people back to work until we find a better alternative to absolute capitalism.

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Andrew to gregory... 2012/05/14 22:15:40

A socialist, I see!

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gregory... to Andrew 2012/05/14 22:49:43

Note I said absolute capitalism not just capitalism, thats because it is my opinion that an extreme economy whether were talking about absolute capitalism or absolute communism has the same results. I propose a binary economy instead of either extreme.

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Andrew to gregory... 2012/05/14 22:14:54

The purpose of government is to assure liberty for all! This Administration is attacking our liberty at every turn!

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gregory... to Andrew 2012/05/14 22:56:33

What I want is to bring the private sector into balance with regulation and get them out of industries that are better suited for the government to deal with such as banking and healthcare. That is how binary economics works by making sure the free market doesn't destroy the middle class and if their is a jobs crisis then it is the government's job to create jobs with work programs to give people the jobs with the benefits they deserve. We will need people to think out of the box to fix this economic crisis were in.

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Andrew to gregory... 2012/05/15 07:39:00

We are already a "binary" system and I contend that it is for that reason that our economy and the European economies are floundering! Government elites have no expertise in handling an economy and everything they do simply makes it more complex and unmanagable!

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gregory... to Andrew 2012/05/15 16:23:32

Not really, A binary economy wouldn't have private banks or the buying and selling of stock. What we need is to create more tax revenue and improve working conditions and have higher tariffs.

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Andrew to gregory... 2012/05/16 07:40:40 (edited)

You create more tax revenue through a vibrant economy, not increasing rates. What you want is for government to have a greater share of the GDP, not to have more money to work with. In other words, you want government to control everything and when they do, you won't have any freedom left!

You are a Socialist!

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Franklin to gregory... 2012/05/13 13:47:23

+3
yea that will work , other countries will line up to help us charge taxes that drive money out of their economies - LOL and just think of all the jobs we will create with even more taxes as they will surly make industry come running back from those nations where they pay lower taxes ....liberal thinking is a real mystery

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gregory... to Franklin 2012/05/13 13:53:58

+1
the idea is that it is too painful for a business to leave the United States so even if they don't like our tax code they couldn't afford to do anything about it.

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Andrew to gregory... 2012/05/13 13:56:24

+2
Why don't we make it attractive for them too stay instead of painful to leave OR stay?!

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gregory... to Andrew 2012/05/13 21:27:50

simply because if you give these guys an inch they think their rulers. They won't be satisfied until America becomes the new China and once they destroy Europe it's a return to Feudalism. We saw this happen before in history just on a smaller scale. Look up the Republic of Venice.

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Andrew to gregory... 2012/05/14 07:21:25

+1
Do you really believe by empowering government do "stick it too" the corporation, that you will end up with something better?!

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Franklin to Andrew 2012/05/14 12:43:33

+1
....I honestly have no idea where to start with Gregory - he is a true blue Brown Shirt who can not see his own irony.
I will save his posts as he is a prime example of neo-liberalis americanis and if one watches him for a few moments it is easy to see why we should all avoid whatever he is smoking !

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Andrew to Franklin 2012/05/14 22:17:41

He is a pure Socialist who will keep giving more and more control to the lawyers in Washington until we are totally controlled by those tyrants!

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gregory... to Andrew 2012/05/14 16:13:47

yes, the truth is we should have a mixed economy not absolute capitalism.

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Andrew to gregory... 2012/05/14 22:16:30

We have a mixed economy and it is that that is killing us!

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God ble... to Andrew 2012/05/14 23:30:38

what you say here simply means much much larger government taking more and more than what the people need to or should surrender.

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Andrew to God ble... 2012/05/15 07:41:05

+1
That is what I oppose! Government should take their hands OFF the economy and let it experience its natural ebbs and flows!

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God ble... to Andrew 2012/06/04 22:00:49 (edited)

I agree. 2007 my parents told us all at supper one night the economy may collapse ..but ther reasoning was because of the Saud greed ( and note oil prices are once again far too high just as they were when Obama ran the last time... ) Americans need to purchase ONLY American oil/gasoline or simply for one week not go anywhere.... not spend one dollar on gasoline .. the price shall fall.

But back to the allow the market to even itself eh?

IF Americans had seen past the prices of oil 2007 , and had allowed the collapse to simply happen.. there would be no need to borrow money from China or purchase oil from Sauds by now.

New businesses would have sprung up overnight to create new energy resources and we by now be energy independent.

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Franklin to gregory... 2012/05/14 12:41:22

+1
you are the one asking for Federalism + nationalism . China is your "hero" stop pretending you don't look up to their system of government in every way !

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gregory... to Franklin 2012/05/14 16:16:05

Not really, I believe in civil rights and while I believe in a strong central government I want that government to acknowledge the rights of it's people. You should idolize China more than I do because of their absolute free market capitalism that relies on slave labor and allows industry to do what ever they want.

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Franklin to gregory... 2012/05/14 17:21:27

+1
Free Market china is a myth told by liberals - China is your model for "change" ...we are only a few years away from state run industries staffed by political prisoners and its all thanks to the great liberal movement ...hell Obama has given up on telling lies and openly calls his goal "The great leap FORWARD "

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