is facebook founder a traitor?

Let me add, if you have ever flown on Singapore Airlines, you would be pleased to GTFO of the US and have flight attendants who smile at you and remember your name.

But then again, if you're a billionaire, you're not flying commercial... you're gonna be flying in your own, personal Gulfstream:

B.jpg
 
"Sorry, some of you guys can't even imagine what options you would have if you had a few billion."

I actually do know a person in the Saverin category, and guess what - life is not much different. He has homes in NY and London, but his wife determines where they live. She can make that decision, Saverin's future wife has a much more restricted opportunity set.
 
Quote from billyjoerob:

"Sorry, some of you guys can't even imagine what options you would have if you had a few billion."

Except that a billionaire without citizenship has fewer options, not more. Fewer options is less than more options.
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All those billionaires who had the unfortunate luck of being born Russian or Middle Eastern must be lamenting their lack of US citizenship.

Guys, there's a great big world out there beyond the US. You might want to look into it.
 
Quote from billyjoerob:

Prokhorov owns the Nets and Khodorkovsky is sitting in jail in Siberia. Which one is glad to be living in the US?
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There's a reason it's called "the exception to the rule". But, it's nice to know that the simple-minded among us can still find the easy exception to try to bolster their argument, just as I anticipated.

Moscow has more billionaires than NYC. I guess they are all too stupid to realize they should be applying for US citizenship, right?

http://www.forbes.com/2011/05/17/cities-with-most-billionaires.html
 
jealousy runs deep around here. He will owe what's called the "exit tax" when he renounces his citizenship. he's not getting a free pass.

And don't think everyone loves living in US. two of my college classmates moved to Asia. Both were US citizens so the move was entirely voluntary.
 
Quote from logic_man:



Moscow has more billionaires than NYC. I guess they are all too stupid to realize they should be applying for US citizenship, right?
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Dude of course they have dual citizenship.

http://www.lrb.co.uk/v34/n01/stephen-holmes/fragments-of-a-defunct-state

From an article about Russia:

To keep the have-nots at arm’s length, the wealthiest Russians live in exclusive, walled-off residential compounds like those along the Rublyovo-Uspenskoye Road outside Moscow. But since the highest fliers among Russia’s nouveaux riches lead an essentially borderless existence, their most prized gated communities are located in the West. Those who own real estate abroad include numerous public officials and civil servants: ‘Russian bureaucrats have their houses and families in London, and their children are going to Cambridge and Oxford.’ The reason this ‘very strange political class’ craves an extraterritorial foothold is illuminating: ‘They keep their money outside Russia because none of them believes in Russia and none of them believes in official stability. All of them know that this stability could be finished any day.’ They don’t believe in official stability because, as the ones responsible for guaranteeing it, they are aware of their own limitations. For all their talk about ‘the restoration of Russia’s superpower status’, Russia’s senior political officials have an astonishingly ‘primitive mission’, which is to ‘take this money outside Russia, buy houses outside Russia and give their children a future abroad’. Russia’s affluent classes are irresistibly drawn to relocate their assets to countries where there appears to be a future. Their lack of confidence doesn’t reflect a fear that the government they work for is too strong and may one day initiate mass confiscations. Their worry, on the contrary, is that their government isn’t stable enough to protect their investments.
 
Quote from billyjoerob:

Dude of course they have dual citizenship.

http://www.lrb.co.uk/v34/n01/stephen-holmes/fragments-of-a-defunct-state

From an article about Russia:

To keep the have-nots at arm’s length, the wealthiest Russians live in exclusive, walled-off residential compounds like those along the Rublyovo-Uspenskoye Road outside Moscow. But since the highest fliers among Russia’s nouveaux riches lead an essentially borderless existence, their most prized gated communities are located in the West. Those who own real estate abroad include numerous public officials and civil servants: ‘Russian bureaucrats have their houses and families in London, and their children are going to Cambridge and Oxford.’ The reason this ‘very strange political class’ craves an extraterritorial foothold is illuminating: ‘They keep their money outside Russia because none of them believes in Russia and none of them believes in official stability. All of them know that this stability could be finished any day.’ They don’t believe in official stability because, as the ones responsible for guaranteeing it, they are aware of their own limitations. For all their talk about ‘the restoration of Russia’s superpower status’, Russia’s senior political officials have an astonishingly ‘primitive mission’, which is to ‘take this money outside Russia, buy houses outside Russia and give their children a future abroad’. Russia’s affluent classes are irresistibly drawn to relocate their assets to countries where there appears to be a future. Their lack of confidence doesn’t reflect a fear that the government they work for is too strong and may one day initiate mass confiscations. Their worry, on the contrary, is that their government isn’t stable enough to protect their investments.
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Right, but not dual citizenship with the US exclusively. I'm sure many of them chose other countries which are more hospitable. There's nothing stopping Saverin from getting another citizenship with, e.g. Switzerland..

Again, the guy has the ability to procure advice from people WAY more knowledgeable about all of the variables than anyone posting here, so the second-guessing of his decision is kind of laughable.
 
Quote from logic_man:


Again, the guy has the ability to procure advice from people WAY more knowledgeable about all of the variables ..., so the second-guessing of his decision is kind of laughable.
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So because he has the best advisors one can get, he can not make a mistake or bad decision?

Hmmm.
 
Quote from billyjoerob:

Dude of course they have dual citizenship.

...The reason this ‘very strange political class’ craves an extraterritorial foothold is illuminating: ‘They keep their money outside Russia because none of them believes in Russia and none of them believes in official stability. All of them know that this stability could be finished any day.’ ...
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Not so strange. Actually fairly typical of third world countries.
And yes, Russia's third world.
As is Brazil. Consider how Saverin wound up in the US:



http://www.huffingtonpost.com/2012/05/12/what-eduardo-saverin-owes-america_n_1512399.html

When Eduardo Saverin was 13, his family discovered that his name had turned up on a list of victims to be kidnapped by Brazilian gangs. Saverin’s father was a wealthy businessman in São Paulo, and it was inevitable that he’d attract this kind of unwanted attention. Now the family had to make a permanent decision. They hastily arranged a move out of the country. And of all the places in the world they could move to, the Saverin family saw only one option. They took their talents to Miami.
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In the first world, your rights, your property, and your family are reasonably secure. In the third world, if you advance yourself, the first thing you have to do is make sure what you have is very well guarded.
What's Saverin going to do if he finds himself in the same situation as his dad one day? That'll be an interesting story.
 
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