When politicians said Eduardo Saverin “defriended America,” I thought, “No, Penisfaces, your taxes chased away another billionaire.”
Then, when irritating socialite Denise Rich also renounced her citizenship, I felt just as annoyed. She stood to save $65 million dollars by leaving. She’s already donated millions of dollars above and beyond her huge tax bill but eventually she was forced to say, “Fuck it.” America responded by saying “Fuck you” and I get where they’re coming from but they’re wrong. I wrote about the whole thing for my Taki column and one of the comments was…
How deeply un-patriotic and un-American to denounce your citizenship and/or leave. So they loose some of their wealth, while retaining the vast proportion of it and they hop on private jets and helicopters with no sense of loyalty or affiliation to the US and leave. Obviously they had no true affiliation to the US in the first place. Charles Murray wrote of this new group of “stateless” uber wealthy with no ties and no loyalties. I do not think America should be blackmailed into capitulating. While we may not agree with the ”community organizer” he is however the president. How much better will trust-fund, spineless Mormon Mitt be?
I understand madeleinemary but the big picture is “When you tax something more, you get less of it.” Making it expensive for rich people to spend their money here means they will no longer spend their money here. Taxing the rich doesn’t pay off our debts. It just encourages the rich to leave. Besides, even if they stayed, eating 100% of all the rich is not going to satiate a guy who weighs 15 trillion pounds.
ENTIRE ARTICLE HERE
-GAVIN McINNES
Gavin, I read the Taki article, but I’m three days late to the conversation and won’t comment there. Question: Why do you and others in the anti-Obama crowd derisively refer to him as a “community organizer,” as if that was his only job. The truth is that he worked as a community organizer for a total of three years before law school. After graduation he became a civil rights attorney, taught constitutional law and eventually started his political career–all for a much longer period than three years.
Also, the argument that American corporate taxes drive away wealth creators is misleading. It’s true that our corporate tax rate is among the highest in the developed world. But our EFFECTIVE tax rate, what businesses actually pay, is among the lowest in the developed world (12.1%)thanks to the numerous deductions and credits corporations gain through lobbying. The effective tax rate is actually the lowest it’s been in 30-odd years. Shit, it’s lower than it was under Reagan and Bush.
I don’t have a problem with the ultra-rich leaving the country to avoid taxes. The problem’s with the system, not the individuals taking advantage of the system. With that said, it’s not a characteristic I’d look for in a president (i.e. Romney sheltering money in the Caribbean).
but what about the inevitable race to the bottom? if you keep giving in the super wealthy eventually the USA will be like Mexico (in a bad way).
“After graduation he became a civil rights attorney, taught constitutional law and eventually started his political career–all for a much longer period than three years.”
These are all fake jobs. Has he ever created one red cent of wealth?
Explain how an attorney and college educator are “fake jobs?” And since when is creating wealth a requirement for a presidential candidate or indication of how well he will do when in office? Most presidents, including Clinton, Lincoln and FDR weren’t in the wealth creation business. Herbert Hoover was a successful businessman, Jimmy Carter and George Bush too. Hardly anyone would consider them economic wizards or great presidents.
But to answer your question training lawyers as Obama did generates wealth. The students get high-paying jobs and spend to stimulate the economy. He also wrote books, which generated wealth for his family.
Academia is la la land. Law is even more of a mumbo jumbo world. The only thing he knows is himself which is what he wrote all his books about.
gavin, you know so little about taxation, gvmt spending, wealth, etc. Try spending some time reading the forum Naked Capitalism.
The articles you link to say Eduardo could potentially be forced to pay $67 million in taxes on the $448 million he would earn from the increase in value of his stake in Facebook. Although these numbers are hypothetical, it’s still only 15%… Yeah, it’s a lot of money, but we’re still only talking about 15%. Relatively, that’s nothing, the same way that eating 100% of the rich would do nothing.
I live in Canada, my parents are doctors, and their tax rate is higher. Correct, they don’t “create wealth” in the most direct way. They just make tons of people healthy so that they can get on with their work. Oh…
You’re a dick and you aren’t able to hear anyone else over your own bullshit. What fucking wealth have you created recently? Vice is in the past. Street Carnage is a cesspool of boring articles like this one. Rooster is kinda lame. You wrote a book and you wont stop hyping it, so it clearly hasn’t juiced your bank accounts as much as you’d like.
You’re really good at writing snappy articles that piss on stupid people. You pick low-hanging fruit. You pander to a bunch of morons, myself included. You offer criticism and no solution.
Here’s the article you linked to:
http://www.bloomberg.com/news/2012-05-16/facebook-s-saverin-may-save-67-million-on-u-s-tax-bill.html
you also treat other people like they are a fucking disease. it’s embarrassing.
Schumer’s bill includes the caveat that Eduardo cannot invest in American companies. That jeopardizes thousands of jobs.
I agree wholeheartedly with your assessment Gavin, I am very surprised that so many people can not see the obvious math here. World view- the USA is experiencing a massive reduction of standard of living across the board, and will have “less money” to pay for things. There is a lot of mudslinging over who should pay more/have gov funding reduced/increase efficiency. Odds are all will feel it- but taxing the rich ever more creates a flight risk making the poors burden worse.
I don’t know, it worked pretty well for the Stones in the 70s
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