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Saturday, May 12, 2012

Taxes Produce Consequences

Beyond those that simply lighten the wallet's load.

What consequences derive from America being one of the most heavily taxed nations on the planet?

"Facebook Billionaire Flees America for Lower-Taxed Shores."

You may remember the name Eduardo Saverin from the movie "The Social Network."  He's the co-founder of Facebook who allegedly got dumped on by Mark Zuckerberg and Sean Parker and who will, as a result, only make somewhere around $3.84 billion when the company goes public.  The news is that he's renounced his American citizenship and is living in tax-friendly Singapore.

The reason he's given up his citizenship just before the IPO kicks off?

Three guesses.

And the first one ain't because he prefers the Singapore national anthem.

To all you 99%'ers out there; I don't expect you to understand this but, that cash that the "1%" have acquired and you think should be yours because ...  well ... because ... they're not going to give it to you without you chasing them down and stealing it.  They will do what's necessary to keep it.

And I can't really blame them.

It's too bad it's come to this.  But we are doing it to ourselves.

Way to go, you lazy, greedy bastards.