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Thread: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by lizzie View Post
    Hey man, I've seen more than one liberal on this site telling us (libertarians) to just leave if we don't like being taxed to death, so don't go on about how libertarians aren't playing nice boys and girls. The general attitude of libs on this site is that instead of controlling spending by government, and reigning in what is going to break us financially, WE shoud just leave. The problem with that attitude is that if those of us paying the bills were to all leave, this country wouldn't last 1 year.
    Truthfully, the amount of government that needs to be cut is beyond our current capacity to do so.
    “In politics, stupidity is not a handicap.” -Napoleon

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by evanescence View Post
    Truthfully, the amount of government that needs to be cut is beyond our current capacity to do so.
    Which is why this country is going to eventually fall flat on its face. Problem is, we won't have someone like Germany to bail our asses out.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by lizzie View Post
    Which is why this country is going to eventually fall flat on its face. Problem is, we won't have someone like Germany to bail our asses out.
    we have china.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by ARealConservative View Post
    we have china.
    With their record of human rights violations and disregard, somehow I don't exactly find that reassuring.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Not only the super rich are double taxed on foreign income, but ordinary working/studying Americans too! Any ordinary working American who lives abroad and for example wants to join the pension scheme of his foreign employer knows the pain of having to think twice and pay for special accountants to figure what the VERY narrow ways are that the US lives open to avoid double taxation. I speculate that those renouncers are only about double taxation of their foreign income, after all, the statistics of Americans living abroad is dominated by marriage as a reason and not money.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by lizzie View Post
    Which is why this country is going to eventually fall flat on its face. Problem is, we won't have someone like Germany to bail our asses out.
    How long do you give it until this happens?

    Quote Originally Posted by ARealConservative View Post
    we have china.
    “In politics, stupidity is not a handicap.” -Napoleon

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by Grant View Post
    Rock stars left the UK during the "British invasion" of pop music, largely due to ridiculously high taxes, and mostly to America's benefit. Now the Americans, apparently unaware and uninfluenced by history, are also encouraging their best, brightest and richest to leave.

    We welcome them to Canada and I'm happy to see many of them settling in Costa Rica as well.

    It's the governments who are the greedy pigs, by the way, with their faces in the trough, an inability to balance a budget, and a recklessness in spending that will eventually bring the country down to its knees.
    Yes, you're right, this is very serious. We should have given them more money during the bail outs and let them break more laws.

    In seriousness, you could lower their taxes to 5% and if surcharges didn't cost them more they would still engage in tax evasion of any kind they could. That's what their profession psychologically conditions them to do; save and make money through nook and every crevice they can exploit.
    Last edited by Morality Games; 05-17-12 at 03:05 PM.
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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by ARealConservative View Post
    love the irony.

    libertarians aren't making tax policy in this country, but liberals certainly are.

    And wealthy inventors are fleeing the utopian dream, preferring to renounce citizenship then partake in your vision, yet the libertarians are shooting ourselves in the foot according to you.

    a person would struggle to think up this type of insanity, so thanks! it was a great laugh
    Fair point on who is making policy, but I was addressing the naivete and shortsightedness regarding philosophy, not actual policy.

    The irony was great, wasn't it?
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Originally Posted by ARealConservative
    love the irony.

    libertarians aren't making tax policy in this country, but liberals certainly are.

    And wealthy inventors are fleeing the utopian dream, preferring to renounce citizenship then partake in your vision, yet the libertarians are shooting ourselves in the foot according to you.

    a person would struggle to think up this type of insanity, so thanks! it was a great laugh
    Someone already pointed out that people were engaging in tax evasion when taxes were at record lows and you ignored that and have stuck to your guns. Some people would consider that to be insane.

    You have a basic lack of insight into the worldview and motives of a wealthy person.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

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    re: Über Rich Renouncing U.S Citizenship as IRS Cracks Down on Tax Evaders [W:209]

    Quote Originally Posted by evanescence View Post
    How long do you give it until this happens?
    It's hard to say. The SS system is expected to reach the point that it takes in less than it pays out by 2037, and the government raids the SS funds to pay for other obligations. Medicare is getting more and more expensive, and our population is aging, with boomers going into the system in huge numbers daily. The economy is in the crapper, and I don't expect that to make an actual turnaround anytime soon.
    "God is the name by which I designate all things which cross my path violently and recklessly, all things which alter my plans and intentions, and change the course of my life, for better or for worse."
    -C G Jung

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