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Rabbit_Reborn

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Senator Schumer: Punish those who renounce citizenship!
May 17^th, 2012 at 3:06pm

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.

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.

"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, 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.

Read more: http://www.foxnews.com/politics/2012/05/17/senators-target-facebook-co-founder-f...

Another brick in the wall that the US government seeks to erect around us ~~tax-slaves~~ citizens. Man wants to renounce citizenship in a free society? Why shouldn't he be able to, regardless of the reasons. Unless, of course, we're not actually a free society.

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"But whether the Constitution really be one thing, or another, this much is certain — that it has either authorized such a government as we have had, or has been powerless to prevent it. In either case, it is unfit to exist."

—Lysander Spooner, The Constitution of No Authority, 1870

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Pandahands Ex Member	Re: Senator Schumer: Punish those who renounce citizenship! Reply #1 - May 17^th, 2012 at 3:11pm Rabbit_Reborn wrote on May 17^th, 2012 at 3:06pm: Unless, of course, we're not actually a free society. Well, we're not.
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Jack Fate LNF Representative2 Offline I Love Liberty News Forum! Posts: 2,732	Re: Senator Schumer: Punish those who renounce citizenship! Reply #2 - May 17^th, 2012 at 3:14pm Punch those in the nose who politicize the renouncing of citizenship.
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Self-radicalizing Harry LNF Speaker LNF Bunker Offline I used to be Bert, but something went terribly wro Posts: 19,513 Gender:	Re: Senator Schumer: Punish those who renounce citizenship! Reply #3 - May 17^th, 2012 at 3:30pm Cradle to grave doesn't just mean benefits anymore!
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TowardLiberty

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Re: Senator Schumer: Punish those who renounce citizenship!
Reply #4 - May 17^th, 2012 at 3:30pm

Rather than punish people for seeking to protect their property we should be in the business of punishing people who think they have the right to rule others.

Surely there must be a place in Guantanamo for Schumer and his minions.

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"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard

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Jack Fate

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Re: Senator Schumer: Punish those who renounce citizenship!
Reply #5 - May 17^th, 2012 at 3:51pm

TowardLiberty wrote on May 17^th, 2012 at 3:30pm:

Rather than punish people for seeking to protect their property we should be in the business of punishing people who think they have the right to rule others.

Surely there must be a place in Guantanamo for Schumer and his minions.

The best thing to do with people like Schumer is to ignore them and work to get them out of office. These people get some power, get comfy, and begin to think they're rulers. The USA doesn't have rulers.

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TowardLiberty

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anti-state, anti-war and
pro-market

Posts: 14,436
Houston
Gender: male

Re: Senator Schumer: Punish those who renounce citizenship!
Reply #6 - May 17^th, 2012 at 4:08pm

Jack Fate wrote on May 17^th, 2012 at 3:51pm:

The best thing to do with people like Schumer is to ignore them and work to get them out of office. These people get some power, get comfy, and begin to think they're rulers. The USA doesn't have rulers.

I dont know I take a more no nonsense approach to crime... Wink

And yes I am purposely equating politicians to criminals. Though with my tongue firmly planted in my cheek!

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"Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist." J M Keynes

"In the first place, the dichotomy between "theoretical" and "practical" is a false one. In economics, all arguments are theoretical. And, since economics discusses the real world, these theoretical arguments are by their nature "practical" ones as well." M Rothbard

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duster LNF House Leader Offline Posts: 8,902 south Dakota Gender:	Re: Senator Schumer: Punish those who renounce citizenship! Reply #7 - May 17^th, 2012 at 4:17pm From the 10 planks of communism; 4. Confiscation of the property of all emigrants and rebels.
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Jack Fate LNF Representative2 Offline I Love Liberty News Forum! Posts: 2,732	Re: Senator Schumer: Punish those who renounce citizenship! Reply #8 - May 17^th, 2012 at 4:23pm The curtain is being pulled back and now we see exactly what kind of hateful miscreants the left really are. http://townhall.com/tipsheet/katiepavlich/2012/05/17/former_obama_suporter_im_be...
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Boss Bob Ex Member	Re: Senator Schumer: Punish those who renounce citizenship! Reply #9 - May 17^th, 2012 at 4:46pm Rabbit_Reborn wrote on May 17^th, 2012 at 3:06pm: Man wants to renounce citizenship in a free society? Why shouldn't he be able to, regardless of the reasons. Who says he can't renounce his citizenship?
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