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April 21, 2014

Andrew Silow-Carroll: Passoverkill? Suggestions to make next year's seders even more culturally sensitive

Sara Israelsen Hartley: Seeking the Divine: An ancient connection in a new context

Christine M. Flowers: Priest's execution in Syria should be call to action

Courtnie Erickson: How to help kids accept the poor decisions of others

Lizette Borreli: A Glass Of Milk A Day Keeps Knee Arthritis At Bay

Lizette Borreli: 5 Health Conditions Your Breath Knows Before You Do

The Kosher Gourmet by Betty Rosbottom Coconut Walnut Bars' golden brown morsels are a beautifully balanced delectable delight

April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review June 4, 2012/ 17 Sivan, 5772

Facebook's expatriate and the Senate's demagogues

By Jeff Jacoby

Jeff Jacoby




http://www.JewishWorldReview.com | As the son of one American immigrant and the father of another, I find it hard to muster much empathy for Facebook co-founder Eduardo Saverin and his decision to renounce his US citizenship.

Saverin, who was born in Brazil and brought to this country as a child, turned in his American passport last year and moved to Singapore; it is widely assumed that he did so to reduce the taxes he would otherwise have to pay on the billion-dollar gains generated by Facebook's IPO. Saverin denies, not very convincingly, that his expatriation was motivated by tax considerations. "His decision had nothing to do with dissatisfaction here," a spokesman said, "but with his strong desire to do business there."

Well, it takes all kinds to make a global economy, and maybe Saverin genuinely prefers doing business in a quasi-authoritarian society where freedom of the press is unknown. Singapore's economy is one of the world's freest, and its taxes are considerably lower than America's. If such things matter more to Saverin than the blessings that come with American citizenship, it was always his right to leave. At least he had the grace to describe himself as "very grateful to the US for everything it has given me."

Yet while Saverin may not come across as the most appetizing of creatures, he is not nearly as odious as US Senators Chuck Schumer of New York and Bob Casey of Pennsylvania. To hear the two Democrats tell it, Saverin is a virtual traitor, a turncoat who has sinned against America and must be given no quarter.

"It's infuriating to see someone sell out" -- sell out! -- "the country that welcomed him and kept him safe, educated him and helped him become a billionaire," Schumer snarls. "We plan to put a stop to this tax avoidance scheme. There should be no financial gain from renouncing your country." Casey inveighs against "allow[ing] the ultra-wealthy to write their own rules" -- Saverin's departure, he said, is "an insult to middle class Americans and we will not accept it." The senators have introduced legislation that would penalize wealthy expatriates by imposing a 30 percent capital gains tax (double the current rate) on all their future US investments, and bar them from ever re-entering the United States.

Even by the usual standards of congressional demagoguery, this is appalling. Saverin broke no laws. He didn't cheat on his taxes. He certainly didn't write his own rules. In fact, under existing law expatriation vastly enlarged his current tax bill, by deeming most of his investment gains to have been realized and taxable on the date he renounced his citizenship. Far from escaping the taxman, Saverin's Facebook fortune enriched the US Treasury by hundreds of millions of dollars. It is only gains he accumulates after giving up his citizenship that will avoid the reach of the IRS.

But if Schumer and Casey really believe that citizens who pick up and move to improve their tax status should be smeared as sellouts and punished ex post facto, why stop with Saverin? Every year, millions of Americans relocate from high-tax jurisdictions to those with lower taxes. Between 2000 and 2010, for example, Schumer's state of New York, which has one of the nation's heaviest personal tax burdens, experienced a net outflow of 1.3 million citizens. Hundreds of thousands of those ex-New Yorkers now reside in Florida. Many no doubt moved for the weather, remarks Scott Hodge of the Tax Foundation, but how many more preferred the sunnier tax climate in Florida, where there is no individual income tax, no estate tax, and no inheritance tax?

When former Cleveland Cavalier LeBron James, spurning an offer from the New York Knicks, joined the Miami Heat two years ago, it was noted that he had a clear financial incentive to do so: Income taxes in New York would have cost him more than $12 million. Would Schumer call him a "sellout" too? Leaving Cleveland's high taxes behind saved James millions as well. Should Ohio lawmakers pass a law banning him from ever setting foot in the Buckeye State again?

Casey and Schumer both maintain Facebook pages, which together have been "liked" by more than 17,300 people. Thanks to Facebook, their reach is extended and their message amplified -- all at no cost to them. They benefit every day from Saverin's willingness to do something they never did: invest his savings in a risky start-up venture with no guarantee of success. Rather than slamming him for leaving the country, perhaps they ought to be thanking him for what he helped make possible. Or better yet, repairing the US tax code so it doesn't drive people like Saverin to seek economic refuge elsewhere.

Saverin may not be very lovable, but he at least understands economic incentives. Schumer and Casey, by contrast, have yet to grasp that the more governments try to soak their taxpayers, the more likely those taxpayers are to end up somewhere else.

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Jeff Jacoby is a Boston Globe columnist. Comment by clicking here.

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