Thursday, May 17, 2012

Facebook Co-Founder Would Rather be Caned Than Pay Capital Gains Taxes

What is the value of an American citizenship these days? To thousands of ex-patriots, their membership in this country is more of a liability than a privilege. And who can blame them. We have politicians who demonize the producers, while catering to the teat squawkers. We have millions of illegal aliens who leech off of the taxpayers, while demanding we learn their language and cater to their needs. Why would anyone value citizenship in a country that doesn’t value their citizens?

Facebook co-founder, Eduardo Saverin renounced his American citizenship before his company announced its planned initial public offering. He did this in order to evade paying capital gains taxes. And guess where he plans on moving to: Singapore. That’s right. He would rather move to a country that canes people for petty crimes than stay in the United States. American citizenship isn’t what it used to be. But you’d think it would be better than a country who canes people. Here is a dissident describing a caning experience:

Singapore's laws today permit the state to beat you the prescribed number of strokes with a rattan cane, soaked previous night in brine or water to make it supple. Sentences for various offences, usually violent crimes (which includes even pickpocketing) but even minor ones like painting graffiti, carries this unimaginably brutal punishment, whose beating (caning) is in addition to the prison term the prisoner has to suffer.

The beater or the caner is a prison officer specially trained to beat people, the object being to inflict the maximum amount of pain on the prisoner. While strapped to a gurney, naked with his buttock exposed, the officer who carries out the torture, takes a couple of steps and swings his cane hard, very hard, with full force at the prisoners buttocks.

By reason of his training, the caning is so forceful and the velocity of the swing so great, that it is reported that on one beating alone, the cane digs deep into the flesh, and even pieces of bloodied flesh hang out. There is so much blood on the floor from these beatings that after one or 2 stokes, the beating is interrupted for the bloodied floor to be mopped and the blood removed, after which the beatings resume.

I think you get the picture. I don't wish to say more.

Say what you will about Singapore. At least they value citizenship. Here is what happened to an American who overstayed his visa:

Kamari Charlton was arrested on Sept 1 when he attempted to leave the city-state 169 days

after his 90-day social visit pass expired, his lawyer M. Ravi said.

Mr Charlton, who was born in the Bahamas and owns a construction company there, was in Singapore while his wife received medical care for pregnancy complications, Mr Ravi said. It was not clear why Mr Charlton and his wife chose Singapore for medical treatment.

Staying in Singapore for more than 90 days after the end of a visa is punishable with a maximum jail term of six months and at least three cane strokes.

The Attorney General’s office declined to comment on the case. A judge is to meet with lawyers from both sides in a pretrial conference on Friday.

If found guilty, Mr Charlton would be the first American citizen caned in Singapore since 1994, when teenager Michael Fay was punished for vandalism.

Let the caning begin! You can’t say Singapore doesn’t value their citizenship. I wonder what would happen if we implemented their policies. I bet there would be a line stretching from Mexico all the way to Wyoming.

Instead, we have politicians like Sen. Chuck Schumer who are more interested in fleecing the likes of an Eduardo Saverin rather than keeping them as citizens. Here is a genius solution to the ex-patriot problem:

At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”

The senators will call Saverin’s move an “outrage” and will outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.

The plan would bar individuals like Saverin from ever reentering the United States again.

Nice solution Sen. Chuck E. Schumer: Super Genius. Soon, he will advocate building the equivalent of a Berlin Wall around the country, so as to keep the producers from escaping.

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