This is what the greedy rich are all about; money above all else, regardless of the damage it does to others, or perhaps it is done FOR the damage it will cause to others. I say deport this ungrateful, greedy, arrogant, unscrupulous opportunist. If only it were that simple.
“When it was revealed last week that Facebook co-founder Eduardo Saverin renounced his US citizenship, even notorious bad-boy billionaire Mark Cuban took to Twitter to express his disgust. The move allows the 30-year old Saverin to avoid paying a significant chunk of the taxes he will owe on the windfall coming his way with the impending Facebook IPO. In making this decision, the Brazilian native did more than expose his blind disregard for all that his adopted country has done for him. He has made himself the poster child for the callous class of 1 percenters who are all too happy to use national resources to enrich themselves, and then skate, or cry foul, when asked to pay their fair share. The story evokes the image of the marauding aliens from the movie Independence Day, who come to Earth to take what they can get before moving on to another planet.
Saverin, who stands to make billions from his 4 percent share in Facebook, hastily moved here at the age of 13 when his name turned up on a list of potential kidnap victims targeted by criminal gangs in Brazil. His father was a wealthy businessman, with a high profile in their home country, and so his family relocated to Miami to protect the youngster. Eduardo thrived in his new country, eventually attending Harvard University, where he had a stroke of life-changing luck when he was assigned future Facebook CEO Mark Zuckerberg as a roommate. Their subsequent struggle over the company has been immortalized in the blockbuster Academy Award–winning film, The Social Network, which portrayed Eduardo as an outsider within the close-knit circle of friends, who eventually only won his stake in the company through a lawsuit based on an early investment in the company.”
Read the rest here: Lessons in Disloyalty: Eduardo Saverin and the Facebook IPO
*UPDATE* According to immigration law, anyone who denounces their America citizenship to avoid paying taxes can be excluded from returning to America…ever. Of course, billionaires have their own set of rules with our government so I wouldn’t put too much stock in that. Of course, one can always dream…
His lawyers are trying to tell INS that the timing of this is but a mere coincidence. Yeah and I have some oceanfront property in Kansas for sale.
Here is the actual text of the law and the link:
(E) Former citizens who renounced citizenship to avoid taxation.-Any alien who is a former citizen of the United States who officially renounces United States citizenship and who is determined by the Attorney General to have renounced United States citizenship for the purpose of avoiding taxation by the United States is excludable.