Schumer thinks Americans are “His Property”

Good day all. Recently, one of the founders of Facebook announced he was giving up his U.S. Citizenship due to the massive levels of taxation being imposed on people. This sad state of affairs, where people are being forced to give up the citizenship because of the horrendous tax code we suffer under has been increasing over the last few years. The United States is one of a very few countries that taxes people who aren’t living in the United States on money they earn overseas.

In the old days, Congress would try to hold back their looting and pillaging tendencies on the fears, (not unreasonable either), that people would say “Screw you, I’m outta here!” and renounce their citizenship. That ended back in 2008 when the laws were changed to assume that anyone renouncing their citizenship was doing so simply to avoid paying the extortionate levels of taxation imposed by the Government. Now, if you renounce your citizenship, or let your green card lapse, you are automatically presumed to be leaving so to avoid paying taxes.

Well Duh! Of COURSE people are doing this. What they should be asking is why are people doing this? Of course that would make sense and our so called representatives would look into fixing the problem. Do you think they will do that? Oh HELL NO!!

Recently, one of the founders of Facebook announced that he was surrendering his citizenship and moving to Singapore. He had been living there for a few years and due to the current tax climate, he decided to say Good Bye to Uncle Sam.

Eduardo Saverin, a naturalized citizen announced that he is going to renounce his citizenship and that he should save at least $67 million dollars in taxes. Here are a few details from the Washington Post:

May 16 (Bloomberg) — Facebook Inc. co-founder Eduardo Saverin will save at least $67 million in federal income taxes by dropping U.S. citizenship, according to a Bloomberg analysis of the company’s stock price. Those savings will keep growing if Facebook’s shares increase.

Saverin renounced his citizenship around September and he lives in Singapore, according to his spokesman, Tom Goodman. Saverin, 30, was part of a small group of Harvard University students who started the social networking site. He owns about 4 percent of the company, according to whoownsfacebook.com. The would-be savings underscore why more people are giving up U.S. citizenship before potential increases in taxes for the highest earners.

Of course this has set off one of the loudest mouths on Capitol Hill. From Fox News:

Senators target Facebook co-founder for giving up citizenship, seek to impose taxes

Two top senators went after Facebook co-founder Eduardo Saverin Thursday over his decision to renounce U.S. citizenship, unveiling a proposal they claim would bar him — or anyone — from de-friending the United States in order to avoid taxes.

Sen. Chuck Schumer, D-N.Y., who unveiled the proposal alongside Sen. Bob Casey, D-Pa., said their so-called “Ex-Patriot Act” would subject high-earning ex-Americans to a steep capital gains tax.

And here we see the typical arrogance of “Our Representatives.” Schumer, who has never met a tax hike he didn’t drool over, or a camera he didn’t want to have carnal knowledge with. Of course, he doesn’t see it that way.

“Saverin has turned his back on the country that welcomed and kept him safe, educated him and helped him become a billionaire,” Schumer said. “This is a great American success story gone horribly wrong .”

The bill was their answer to the move by Saverin last year to renounce his citizenship and move to Singapore. The decision, made public in a recently released IRS list, came ahead of Facebook’s initial public offering, and fueled speculation that Saverin cut ties with America in order to cut down his tax bill. Singapore does not impose capital gains taxes.

Those two idiots, of course, can’t see the real reason why Saverin and others are pulling the plug. Of course, in Schumer’s tiny little mind, all money belongs to the government and it is the government that knows best how to use it. Singapore, for instance, understands how taking to much money from people can “Kill the goose that laid the golden egg” as it were. There are other problems with Singapore, (caning punks ((Michael P Fay)) for keying cars is NOT one of those issues), but looting their citizens doesn’t seem to be one of them. Of course, since all Americans are the property of the State, we have no right to tell people like Schumer and Casey “That’s it, I’m out of here!” Nope, if you want to leave, this is a special privilege and you must pay for it. Schumer and Casey’s answer to this is:

The bill, though, could have repercussions far beyond Saverin’s portfolio. According to a 2011 report by the Taxpayer Advocate Service, about 4,000 people renounced their citizenship between fiscal 2005 and 2010, with the pace of renunciations increasingly rapidly in recent years.

The Schumer/Casey proposal would put the burden on anyone who renounces their citizenship to prove they didn’t do it for tax avoidance purposes. If they can’t prove that, Schumer said, the proposal would impose a 30 percent capital gains tax on future investment earnings — for those who have a $2 million net worth or have had an average income tax liability of at least $148,000 in recent years.

In addition, the bill would bar them from ever returning to the United States.

In other words. “We’ll show you ungrateful bastards! How DARE you think we would allow you to up and leave just because you have this silly notions that you have rights, and that your hard earned wealth actually belongs to you!” Of course, Saverin said this wasn’t the primary reason.

A spokesman for Saverin, though, told Fox Business Network the decision “had nothing to do with taxes.”

“Eduardo was born and raised in Brazil and moved to the U.S. in 1992, becoming a U.S. citizen in 1998. He still has very strong ties to Brazil and is extremely passionate about not only his homeland, but also the U.S.,” the spokesman said. “Eduardo recently found it to be more practical to become a resident of Singapore since he plans to live there for an indefinite period of time. He has invested in Asian, U.S. and European companies. He also plans to invest in Brazilian and global companies that have strong interests in entering the Asian markets.

Now I have a question. Why would it make sense to this guy to give up his hard won U.S. Citizenship? He may say it’s only for “logistical reasons” but I do think the ridiculous tax code played a large part of his decision. Upchuck Schumer is a little less subtle of course.

Schumer cast doubt on Saverin’s claims.

“Mr. Saverin says he’s a global citizen, but it just so happens that the country where he has chosen to reside has no capital gain tax,” he said. “This tax avoidance scheme is outrageous.”

No moron, what is outrageous is that Saverin and others are forced to take this step. For the last 30+ years, the actions of the United States government has been driving businesses and now people out of the country. Your answer isn’t to try and resolve the issues that are forcing them to leave, but rather to “double down on stupid.”

Schumer is and always has been a scumbag. He has no interest in the success of the United States, only in his own personal power and privileges. He is not alone in this sense of entitlement. It crosses both sides of the aisle. There’s a reason people refer to those in Washington as being members of the “Incumbent Party.” They no longer represent their constituents or their states. People have had enough. Some are taking the extreme measure of giving up their citizenship, while others are fighting back….and winning. Just ask soon to be former Senator, Richard Lugar. He will be retiring from the Senate due to ill health. The voter were sick of him.

It’s time for for the people of New York and Pennsylvania to get rid of these two scumsucking dirtbags. Schumer isn’t up this cycle but Casey is. With any luck he will be tossed on to the unemployment line where so many others are, thanks to policies of his and Schumer’s. These two, like so many others in congress think they are members of royalty and that we must bow down and worship them. (Primarily Democrats, but a fair number of Republicans think that way as well) They need to go and go soon.

Remember in November!

Thatisall

~The Angry Webmaster~

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