by: Gary DeMar
For centuries, millions of Europeans came to the United States to escape the oppression of tyrannical regimes. Others came for expanded economic opportunities. With the rise of Nazism in Germany, many Jews saw the handwriting on the wall and got out with their possessions before it became illegal to do so. Most didn’t. Gary North’s comments put a fine edge on the point:
Sen. Chuck Schumer and some of his fellow Democrats want a new law placed on the books. It’s called “Ex-PATRIOT”: “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy.” The proposed law is in reaction to Eduardo Saverin’s decision to renounce his American citizenship which Democrats like Schumer believe is a “scheme” to “help him duck up to $67 million in taxes.”
Saverin is one of the founders of Facebook. He is originally from Brazil. Fearing that their son might be a kidnap victim, the Saverin family moved to Miami in the early 1990s to find a safe place to live. Saverin’s father was a wealthy industrialist.
For centuries, millions of Europeans came to the United States to escape the oppression of tyrannical regimes. Others came for expanded economic opportunities. With the rise of Nazism in Germany, many Jews saw the handwriting on the wall and got out with their possessions before it became illegal to do so. Most didn’t. Gary North’s comments put a fine edge on the point:
The hypothetical Jewish family in
question should have done a lot more than sew gold coins into their
clothes in 1939. The head of the household should have sold his house
and his business. He should have transferred all of the family’s assets
to Switzerland, England, or the United States. Then he should have
directed the family to pack their bags and follow their money. After
August 31, 1939, this became illegal. World War II broke out.
Sen. Chuck Schumer and some of his fellow Democrats want a new law placed on the books. It’s called “Ex-PATRIOT”: “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy.” The proposed law is in reaction to Eduardo Saverin’s decision to renounce his American citizenship which Democrats like Schumer believe is a “scheme” to “help him duck up to $67 million in taxes.”
Saverin is one of the founders of Facebook. He is originally from Brazil. Fearing that their son might be a kidnap victim, the Saverin family moved to Miami in the early 1990s to find a safe place to live. Saverin’s father was a wealthy industrialist.
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