Neil Cavuto stopped short of lauding Facebook co-founder Eduardo Saverin yesterday for his decision to renounce his U.S. citizenship and leave the country just as he was about to get hit with a big capital gains tax bill for his share of the IP dough. But while calling Saverin “a little selfish,” Cavuto also presented his decision in a sympathetic light and suggested the U.S. was more to blame. Addressing the pool of ex-pats leaving the country, Cavuto asked, “What the hell took you so long?”
Cavuto “damned” Saverin with faint criticism, by calling him “hardly sympathetic” and “a little selfish.”
Maybe we should spend less time punishing people who want to leave this country. And find out exactly why… For many, it’s taxes. For Facebook co-founder Eduardo Saverin, it was enough. Let me be clear, Saverin's hardly a sympathetic character here. After all, he stands to make 4 billion bucks –at a minimum - when Facebook goes public tomorrow.
And hop skipping over to Singapore, which has no capital gains tax, stands to save him a lot of money, too… I don't condone this sort of stuff. Saverin seems a little selfish to me.
But then Cavuto went on to suggest Saverin – and others of his ilk are victims.
But the Senator who's trying to crucify him hardly seems a saint… Chuck Schumer unveiling the Ex-Patriot Act, to go after those who bolt this country so they can duck paying taxes.
Now, in Saverin's case, Schumer says about 67 billion bucks in taxes. Saverin says ‘No so.” …I don't know, this much I do, Saverin isn’t the issue… This isn’t about one guy bolting. This is about the whole marching band joining. Ex bankers who've had it, entrepreneurs who feel stifled by it… By a government that keeps them guessing on how new regulations are going to be coming down the pike. …And taxes them to the wall and wonders why they keep all the money parked across the pond.
No, the problem isn't a billionaire from Facebook, but politicians who are glaringly two faced. Who say this is a great country but chase our greatest minds away.
Who would sooner say of the rich who fund their nonsense, that they can't understand this wanting to leave nonsense. When they can...and do understand. It's just easier to say you're not friending a Facebook titan than to ever admit you're not helping the rest of us peons.
The mystery to me isn't why rich guys are bolting, the mystery to me, is what the hell took them so long?
Only on Fox would a cable news host try to make us feel sorry for rich people bolting the country to avoid taxes.
Is that fact not true?
Like I said,we all have our opinions,but we aren’t allowed our own facts. And speaking of tax rates as if they are high is not a fact.
Also, what facts could you possibly have, that would demonstrate an arbitrary tax rate could not be viewed as “too high” by the one who earned it.
We all have our own opinions,but we aren’t allowed to have our own facts.
Thus Fox is in the position of having to laud a tax-cheat (traitor?) as a patriot. It’s good for the country to find a way to leave the country so that one does not have to give the country its due, which it really shouldn’t be due because the system that allowed this incredible sum of money to be earned is not conducive to anyone earning a lot of money.
I’m sure that the goobers are all anxiously anticipating the time when they will have the same opportunity!
But when 1 percenters leave the country to get out of contributing to the system or any attempt to change it… it’s “What the hell took you so long?!”
Fox News: Having it both ways since 1996.
Note to Craputo
You Fuxians and Fiends have never educated Americans as to how you are part of a “financial” system for insiders that pulls the wool over peoples eyes while telling their kids to go fight your Imperial Wars. Jump ship before you get found out.