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!
John E. Silvia is the chief economist at Wells Fargo bank. On Wednesday he told CNBC that “the plot in Greece and Portugal sounds an awful lot like the same plot that’s going on in the United States”, the only thing different is the names of the players, he said.
Mitch Daniels, the governor of Indiana, sees the path the nation is on as one ending in insolvency. “It’s not a question of philosophy. It’s simply arithmetic.” he said.
Last October we published an article entitled “Fruit from the Obama Tree” in which we quoted Pravda.
From the Russian newspaper PRAVDA
Commenting in the Spring of 2009, “like the breaking of a great dam, the American decent into Marxism is happening with breath-taking speed.”
Whatever one may say about PRAVDA, they know Marxism when they see it.
Senator Schumer (D-NY) tells fellow Democrats to use the word “extreme” when speaking to the press about the Republican efforts to trim about 3% from the Democrat’s spending plan. Considering the direction in which the country is going, a better word for attempting to trim the budget by only 3% might be “pathetic”.