Quotation of the Day…

by Don Boudreaux on May 14, 2012

in Seen and Unseen, Taxes

… is from John Tamny’s May 13th article “For De-Friending the U.S., Eduardo Saverin Is an American Hero“; Tamny here discussion’s Eduardo Saverin’s sensible move to keep more of what he’s earned – to justly protect his now-substantial property from U.S. tax collectors – by renouncing his U.S. citizenship:

Oddly here, and this speaks to how silly the economic discussion has become, [Facebook] founder Mark Zuckerberg¬†is being lionized for the presumed $1 billion in capital gains taxes he’ll pay the feds. ¬†[Eduardo] Saverin’s avoidance plan means more capital for business growth while Zuckerberg’s non-avoidance ensures more feeding of the beast, yet Saverin’s the bad guy?

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