[quote=CA renter]Here’s my take on Eduardo Saverin:
1. From Wikipedia, we learn that he was brought to the US to escape a potential kidnapping plot in Brazil. IOW, they moved here because of our social/legal infrastructure that enables people to live more safely than in other — something I often mention in the “anti-tax” types of threads.
“By 1993, Saverin’s father had become wealthy, and in 1993 it was discovered that his son Eduardo´s name had been placed on a list of kidnapping victims by gangs specializing in kidnapping for ransom. As a result, the family moved to Miami to find a safer place to live.”
2. It looks like the majority of Facebook’s advertising revenue comes from the US — presumably paid for by US consumers. This allows Facebook to offer their initial shares at much higher prices than they would otherwise sell for.
“Facebook also reported that 56% of its advertising revenue comes from the U.S alone, it also reported that 12% of its revenue comes from zynga the popular social network game development company. Payments and other fees were $557 million up from $106 million the previous year.[69]”
3. Facebook’s intellectual property was protected by the legal system paid for by US taxpayers.
Additionally, when Saverin attempted to sue Zuckerberg (settled out of court), he was using our legal system to enforce his rights to his share in the company.
This is part of the taxpayer-funded legal infrastructure that I often talk about in the anti-tax threads.
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This goes back to the ideas discussed on the “Self-Made Myth” thread. Where would Saverin be without the U.S.? IMHO, the benefits he received from our country and our taxpayers are what enabled him to make this money. He is a filthy, greedy tax evader, and he should lose EVERYTHING if he tries to avoid paying taxes on the wealth he earned almost exclusively because of the legal/social/business environment found in the U.S.[/quote]
He found a solution to his problem. But after finding a solution to his problem he forgot
to ask himself if his solution is right. He would have been more a significant person if he just paid his taxes.
