Facebook co-founder renounces citizenship ahead of IPO
He lived the American Dream — and then he packed up and left.
Facebook co-founder Eduardo Saverin, who made billions off the world’s most popular social network, stands to rake in about $3.84 billion from his 4 percent share of Facebook, Bloomberg reported.
So, now, instead of getting a small percentage of his money, the U.S. will get 100% of zero. I think if we can increase the capital gains tax to 40%, we will be able to manage more 100%s of zero.
“The problem with socialism is that eventually you run out of other people’s money.”—–Maggie Thatcher
Well, we won’t run out of Saverin’s. He’s taking it elsewhere. Well done tax crusaders.
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