Thursday, May 17, 2012
Assistant Quote of the Day
"This is a great American success story gone horribly wrong. Eduardo Saverin wants to defriend the United States of America just to avoid paying taxes. We aren't going to let him get away with it."
-- Sen. Chuck Schumer of New York
Chuck Schumer making a ham-fisted old-guy reference to "defriending." That just gives me douche-chills.
This afternoon, Schumer and Sen. Bob Casey of Pennsylvania introduced legislation known as the Ex-PATRIOT act, which stands for "Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy."* The bill is aimed at slapping a hefty financial penalty on any American who leaves the United States for the purpose of avoiding taxes and ensuring that that person isn't allowed back in the country. It comes in response to Facebook co-founder Eduardo Saverin's decision to renounce his U.S. citizenship ahead of Facebook's IPO, reportedly in an effort to get around having to pay taxes on the billions he's going to make.
Jesus, is there anyone associated with the founding of Facebook who wasn't a complete asshole?
*There's apparently someone in the Capitol whose job is specifically to come up with really clever acronyms for bills. I want that job.