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Forbes opinion editor John Tamny explains why Facebook co-founder Eduardo Saverin giving up U.S. citizenship is heroic.
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Day with dot FaceBook for a moment earlier in the week the co-founder and -- -- made some news -- -- give up his citizenship for the United States and some say this is designed you know dodge taxes ahead of BI PLO John -- with us right now.
He's editor Forbes he says the move makes mr.
separate and American hero why's that job.
Absolutely it makes him a hero because -- not paying taxes on his gains.
He will get dollars that we'll go into the bank and go directly to entrepreneurs and existing businesses that won't grow and create jobs.
If he'd stayed an American citizen -- would have given all this money -- the government out which what we know the capital would have been consumed in wasted on programs that will achieve nothing.
I'm these acts are -- at any time you can -- money from the government.
Now you're hoping and I know you -- about this.
At Forbes you're hoping that this kind of start some sort of a larger conversation.
People know -- he's only one god and people know.
Who -- sovereign is mostly from the movie -- social network but you're hoping somehow he makes us talk about this and then do what you think they'll be some sort of a or reform that -- that severance behind at the end of the day.
Yeah I'm always hoping for some kind of reform think about it the United States is a country founded on skepticism of government which is so unique.
Around the world and yet we have we live in -- country today.
Were not only is the government all powerful but you literally have to prove your income to the government at which point they will take a percentage of it.
That is I don't think those -- the ideals of the US is founded on we need to have a discussion.
About getting a scrapping the tax code in and I think and introducing some sort of consumption tax.
Whereby we're not proven our income but when we want to give what that we won't give the government what we consume.
Not what we make were not when they're penalized in our our income.
At the end of the day would we have more or less revenue or with the government have -- it that it does now mean.
Everybody seems to say all you need more -- -- for Citi it at the is this is that still what we need -- -- it's wrong the idea that was what got us here to Begin with the.
Sense is investors and he can continue to.
For further revenues the problem.
Did the beauty of a consumption -- as we as Americans can say you know what.
We don't like what you're doing we are going to it's also the case that during downturns when were struggling.
The way of revenues were right consuming let Washington thrives today one concept -- community made all this money because something was founded -- the diets and alleys.
Chris Americans leave the country tiger being treated this case the notable right he's just trying to shield some income -- -- program.
