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Could not the Facebook founder just as easily slam the patriotism of politicians, whose sponging off the capitalists they slam inevitably results in capital flight?
There can’t but be a fundamental difference between how a thirtysomething tech tychoon and a sixtysomething lifetime politician sees taxes. For the freeloading pol, taxes are his lifeblood. For the free-market producer, taxes are parasites upon his lifeblood. The former sees the state as the exclusive source of his earnings and the latter sees it as the main drain upon his earnings. Schumer and Saverin don’t just live in different hemispheres. They inhabit different worlds.
But if Saverin has seceded from the world Chuck Schumer helped create, Schumer, an online exhibitionist who still posts his musings and mug for all to see on a certain social network, has yet to secede from the one Saverin and classmates created. One gleans much about a man from his Facebook page. Schumer’s face appears more than a dozen times on his. He “likes” New York Governor Andrew Cuomo, Maryland Senator Ben Cardin, New Jersey Senator Bob Menendez, New Jersey Senator Frank Lautenberg, and the White House. Judging by his life and his “likes,” Chuck Schumer likes politics. He also likes Facebook—just not one of the kids who started it.
Eduardo Saverin has less use for the product of Chuck Schumer’s work, which consists of making money by taking money from those in the business of making money. With federal capital gains, estate, and income taxes set to rise at year’s end, Saverin “defriended” Barack Obama’s America in January 2011. Last September, the U.S. government updated his status. That Chuck Schumer only took notice of this on the eve of one of the most anticipated stock offerings in Wall Street history demonstrates that the senator is as interested in squeezing Facebook for camera time as he is for squeezing it for cash flow.
The Brazilian billionaire bedeviling the Brooklyn boondoggler is not alone. Just 235 Americans renounced their citizenship in 2008. Last year, 1,780 Americans did so. The exodus involves not just wealthy, high-skilled residents.The Pew Hispanic Center found that “the trend lines within this latest five-year period suggest that return flow to Mexico probably exceeded the inflow from Mexico during the past year or two.” Remarkably, for perhaps the first time in U.S. history, America’s southern border sees more traffic departing than entering.
Productive people used to migrate to the United States to make their dreams a reality. Now productive immigrants move elsewhere to realize their dreams—and earnings. The American Dream ain’t what it used to be.
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