Tag Archives: Saverin

SCHUMER ATTACKS FACEBOOK CO-FOUNDER. WANTS A BIGGER PIECE OF SAVERIN’S MONEY TO GO TO THE GOVERNMENT

Eduardo Saverin was born in Brazil and lives in Singapore which is his legal residence.  He applied for American citizenship and attended college in the United States where he met Mark Zuckerberg, and by some accounts was the prime techy in the structure of Facebook.

Saverin stands to get a big pot of money when Facebook finally becomes a public company and he will pay U.S. taxes on his gain when he sells the stock.  But all the tax that is legally due, and that’s about 600 million dollars, is not enough to satisfy the Democrats led by Chuck Schumer.  They plan to introduce a bill to double that.

It doesn’t end there. The Democrats also want to bar the man from  re-entering the U.S.  Way to go Democrats, an enterprising young man manages to create an additional 600 million dollars for the U.S. treasury and you want to pass a law preventing him or anyone else from coming back and doing it something like that again.  You are driving America from the land of opportunity to becoming the land to avoid for anyone with enterprising ingenuity. Yuk!