OT: So much for paying their fair share of taxes…. Facebook co-founder gives up U.S. citizenship…

[Coronita]

[quote=CONCHO]If FB is the best the US can do in terms of creating new companies, our day is done. Companies like FB don’t create very many jobs, and those that they do create are highly centralized in already overdeveloped areas like SV. We don’t need any new FBs or MySpaces or GeoCities, etc… These things come and go like dandelions. Now that FB has IPOed and everyone’s grandmother is on it, it has reached its apogee and will be systematically looted by those who got in at the early stages of the Ponzi scheme. Look for it to be purchased by NBC for $1B in about 5 years.

What we need is a new GM, a new Apple, or a new IBM. We won’t get those however since they are all being created overseas.[/quote]

What? Are you telling me that if I just “like” a few million people, it won’t allow me to retire? Really? I swear I was told by a lot of young lads, that’s all they wanted to do as job!

Speaking of GM… GM pulls out of facebook as an advertising medium…

GM says Facebook ads not effective, pulls campaign ahead of IPO

http://www.autoblog.com/2012/05/16/gm-says-facebook-ads-not-effective-pulls-campaign-ahead-of-ipo/

[blahblahblah]

[quote=surveyor]
Saverin is a very good example of how your policies would work. He took HIS money and took it out of the U.S. If you want him to stay here, it has to be attractive for his to stay. It wasn’t. And nothing you have advocated would change that. In fact, they would make it worse.[/quote]

Actually he is taking EVERYONE ELSE’S MONEY out of the country since he is one of the earliest participants in the FB Ponzi scheme. It has been promoted and pushed by TPTB from day one as an epic, massive classic pump-and-dump operation. People are so stupid now that they can’t even see these things when they’re right in front of their face as plain as day. FB is pets.com rev. 2. It’s kozmo.com done correctly, where the insiders get the loot and retire to their private islands and megayachts while everyone else turns down the heat and eats government cheese to make it through another cold winter.

Do you really think that it’s a coincidence that FB came from Harvard? Harvard’s CS department is nothing special. Social networking was a well-established and well-understood technology by the time FB came out. It had many competitors, both proprietary and open-source. There is a reason that FB didn’t come out of a great CS school like Urbana-Champaign or Berkeley. The proper connections don’t exist at those places…

[blahblahblah]

[quote=flu]

What? Are you telling me that if I just “like” a few million people, it won’t allow me to retire? Really? I swear I was told by a lot of young lads, that’s all they wanted to do as job!

Speaking of GM… GM pulls out of facebook as an advertising medium…

GM says Facebook ads not effective, pulls campaign ahead of IPO

http://www.autoblog.com/2012/05/16/gm-says-facebook-ads-not-effective-pulls-campaign-ahead-of-ipo/%5B/quote%5D

Heh heh heh. Unfortunately for TPTB some of us still remember getting snookered in this three-card Monty game back in the late ’90s. What was that old Who song, “Won’t get fooled again?”

[CA renter]

Good posts, Concho.

[Jazzman]

I think I’m right in saying the US is one of the few, if not the only complex tax regime which follows its citizens around the world. So the question is really, why should he have to renounce his citizenship? Being non-resident should suffice. As for Singapore, it is a tax haven for the very wealthy and has openly flouted itself as such, attracting much Swiss money.

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