Ex-Patriot Act

[RestoreTheRepublic]

http://economy.money.cnn.com/2012/05/17/senators-to-saverin-dont-come-back-ever/

Man, Schumer is the worst. How is this legal?

[teacherone]

lol..legal.

oh and btw. once again ron paul is right.

the fence will be built to keep US in.


....Outline their plan to re-impose taxes on expatriates like Saverin even after they flee the United States and take up residence in a foreign country. Their proposal would also impose a mandatory 30 percent tax on the capital gains of anybody who renounces their U.S. citizenship.


The plan would bar individuals like Saverin from ever reentering the United States again.

[phill4paul]

Saw it coming. IbNostradamas.

[Anti Federalist]

Saw it coming. IbNostradamas.

Fear monger.

Cop hater.

[dannno]

the fence will be built to keep US in.

What is pathetic is that these are the same people who helped laugh him off the stage for that comment..


I think this fence business is designed and may well be used against us and keep us in. In economic turmoil, the people want to leave with their capital and there’s capital controls and there’s people controls. Every time you think about the fence, think about the fences being used against us, keeping us in.”


http://www.rawstory.com/rawreplay/2011/09/ron-paul-border-fence-could-be-used-to-keep-us-in/

[dannno]

I think if Senator Schumer was the same room as me right now my throat would be bleeding from all the yelling.

[Lucille]

What is pathetic is that these are the same people who helped laugh him off the stage for that comment..




http://www.rawstory.com/rawreplay/2011/09/ron-paul-border-fence-could-be-used-to-keep-us-in/

He was right, both figuratively and literally.

http://blog.independent.org/2012/04/30/illegal-immigration-and-unintended-consequences/


The most fascinating part to me discusses an analysis concluding that illegal alien crackdowns and border fencing has actually increased the illegal immigrant population in the U.S. By making it more risky for undocumented migrants to come in, the border walls have discouraged the back-and-forth movement that used to prevail across the Rio Grande. So more illegal aliens come and don’t go back than before.

[Tudo]

A financial Berlin wall.


Disgusting

[phill4paul]

Love Amerika or give us a third of everything you got and leave it.

[Lucille]

Regardless Of What The Propaganda Says, This Is Not How A Free Society Treats People (http://www.zerohedge.com/news/guest-post-regardless-what-propaganda-says-not-how-free-society-treats-people)


This is where Eduardo Saverin comes in. The Facebook co-founder, who finds himself a few billion dollars richer this week, recently renounced his US citizenship. And, to the intelligentsia, it’s not ‘fair’.

‘Saverin needs to pay his fair share! He owes America more,’ they whine, completely ignorant that the 30-year old is already forking over a $500+ million exit tax (which may end up in the billions).

Apparently it’s not good enough that the company Saverin co-founded has created tens of thousands of jobs, spawned entire industries, and produced oodles of new millionaires. Oh yeah, it’s also made things damn easy for the CIA, NSA, and FBI. You’d think Uncle Sam would pin a medal on his chest.

But no. Saverin left behind a lot of value and decided to move on to greener pastures in Singapore. Now the do-gooders in Congress are cooking up new legislation (the EX-PATRIOT Act) designed to permanently bar ‘renunciants’ like Saverin from re-entering the United States.

It’s interesting that, rather than change their ways of doing business and introducing legislation that provides incentives for productive people to come here and stay here, they maintain policies that chase people away, and introduce new ones to lock the door after they’re gone.

The lesson here (especially for natural-born citizens) is this: simply by accident of birth, you are born with a lifelong obligation that you never signed up for to finance the corrupt misdealings of the political class. And if you choose to abandon this obligation, they will bar you from ever entering your homeland again.

Regardless of what the propaganda says, this is not how a free society treats people. It might look and feel like a representative democracy on the surface, but under the hood it’s the modern day equivalent of feudal serfdom.

The land of the free has certainly fallen a long way.

A Simple Question For Senator Schumer (http://www.zerohedge.com/news/simple-question-senator-schumer)


As many already know, earlier today Senator Schumer announced the cleverly named Ex-PATRIOT act, which seeks nothing short of exile for anyone who effectively declines their US citizenship for tax avoidance purposes. So far so good. We have, however, one simple question. In light of recent media reports of rampant abuse of various international tax loopholes by US corporations (recall the Double Irish with a Dutch Sandwich), but much more importantly, the glaring abuse of offshore tax shelters by hedge funds - organization such as Paulson & Co., RenTec, York Capital, etc., and financial institutions, such as Lazard, Blackstone, and Credit Suisse, can Senator Schumer please rep, warrant and guarantee that none of his corporate sponsors, i.e., his Top 100 Contributors, have ever engaged in any form of explicit or implicit tax avoidance, tax offshoring, and tax shelter. To facilitate his checklisting, we have presented his top 100 contributors below. Because if he can't, one may be left with the impression that his whole anti-tax tirade and legislation is, you know, hypocritical....

Schumer Introduces Ex-PATRIOT Act: Will Banish Those Who Renounce US Citizenship (http://www.zerohedge.com/news/schumer-introduces-ex-patriot-act-will-banish-those-who-renounce-us-citizenship)


What comes after Banana Republic? Because America is it - after last week Facebook co-founder, and native Brazilian, Eduardo Saverin announced he would denounce his US citizenship, America has decided to make it virtually illegal to denounce one's citizenship in what can only be classified as the dumbest proposed law in recent history: meet the Ex-PATRIOT Act (Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy) proposed by Chick Schumer and Bob Casey. One wonders just how much taxpayer money was spent to pay naming consultants to come up with this witty acronym for a law that can only be classified as utter idiocy. Here is our suggestion for the follow up law: The "GULAG" Act: Get Ur Laughable Asses Gone (although we are open to any other non-taxpayer funded acronym suggestions).
[...]
So going forward everyone who no longer wants a US passport will have to check a box:

Are you no longer a US citizen for tax purposes: Yes / No.

And to think there are those who inexplicably say America's elected officials are idiots, and central planning is sure to fail...

National Socialist 'Schmuck' Schumer Strikes Again (http://www.lewrockwell.com/blog/lewrw/archives/112262.html)


Like his intellectual idol Adolf Hitler, Sen. Chuck "the Schmuck" Schumer wants to embellish the already existing Nazi-like Expatriation Tax (actually, the U.S. tax is much worse than the Nazis') that is imposed on all U.S. citizens who renounce their citizenship who have a net worth of $2 million dollars or more. The name for this act is "Ex-PATRIOT” — “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy.” (Is the government "clever," or what, when it comes to creating acronyms for its fascistic decrees? Too bad it's impossible for it to be clever enough to ever be an efficiently-run organization.) The impetus for the legislation (another form of this legislation is being introduced into the House of Representatives by Rep. Joseph "Goebbels" Lieberman) is the announcement by Facebook Co-Founder Eduaro Severin (who himself is not even a natural born U.S. citizen!) that he is renouncing his citizenship because he has taken up permanent residence in Singapore. (It only takes two years of residency in Singapore to apply for a citizenship. Unlike the United States, Singapore does not allow dual-citizenship .)

[Brett85]

Chuck Schumer is by far the worst U.S Senator we have. It's not even close.

[Anti Federalist]

Chuck Schumer is by far the worst U.S Senator we have. It's not even close.

I dunno, I think Joe Lieberman could give him a run for his money.

[Kluge]

I dunno, I think Joe Lieberman could give him a run for his money.

It's really a toss-up. Schumer is horrific if you focus first on the domestic issues, Lieberman is the same if you focus first on foreign policy.

[Austrian Econ Disciple]

I dunno, I think Joe Lieberman could give him a run for his money.

We all forgetting McCain and Graham? On second thought at least half the Senate could easily rank equally unfathomably bad.

[Anti Federalist]

We all forgetting McCain and Graham? On second thought at least half the Senate could easily rank equally unfathomably bad.

Or Dianne "The American public will have to accept more intrusive searches at the airport" Feinstein?

You're right, roughly half of these contemptible sluts are utterly despicable.

The other half, mostly, are just insufferable.

[VoluntaryAmerican]

"Saverin has turned his back on the country that welcomed him and kept him safe, educated him, and helped him become a billionaire," Schumer said. "This is a great American success story gone horribly wrong."

No Mr. Schumer, it is you who have turned your back on the American individual.

[Mani]

What is fascinating is all the public comments excited about this legislation.

Seriously? Exile? Permanently banned like the USA is a forum or something?


Exile?

And The crime? Coz u wanna pay less tax?

Not because you didn't pay taxes......not because you broke any laws.....


But because you don't want to owe a future heavy tax burden.....that's the crime? THAT'S THE CRIME that is Deserving life long banishment???


They already have an exit tax! This is the tax after the exit tax! WTF!!!

[Hyperion]

Chuck Schumer is by far the worst U.S Senator we have. It's not even close.

Barbara Boxer and Joseph Lieberman are near his level of terrible but I'd have to agree with Schumer being the worst.

[Hyperion]

It's really a toss-up. Schumer is horrific if you focus first on the domestic issues, Lieberman is the same if you focus first on foreign policy.

Lieberman is going to agree with nearly all of Schumer's domestic issues, he just isn't going to be loud about it. They vote the exact same but have different styles.

[No Free Beer]

I hate to say this again, but can anyone say "Atlas Shrugged"?