It's The IRS, This is a Tax Stickup! Give U.S. Your Money!

Sens. Schumer and Bob Casey are determined to push legislation to go after an individual citizen, or ex-citizen in this case. Not only will it go after someone who has already done something legally, it will attempt to retroactively make illegal what was already done.

Sen. Chuck Schumer, D-N.Y., has a status update for Facebook co-founder Eduardo Saverin: Stop attempting to dodge your taxes by renouncing your U.S. citizenship or never come to back to the U.S. again.

At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”

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

This proposition alone is reason enough for Schumer and Casey to be voted out of office. Anyone who thinks that it's the job of The United States Senate to target an individual obviously has no historical knowledge of the founding of this country.

Schumer and Casey represent a larger problem here. Why is it that the Facebook co-founder Saverin is a target? I thought someone like Saverin would be an example of what others could do if they worked hard and became successful. What right does the US government have to tell Saverin where he should live based on how much wealth he's acquired.

So the message here is; get rich and pay up. If you don't pay up, we'll criminalize your past actions and fine you. It also states; if you are a wealthy entrepreneur stay away from the US because we don't want you here, we just want your money in the form of taxes, economic benefit be damned.

I think it's a safe bet to say that Saverin will put his money to better use than the US government would.

Saverin responded to this attack today.

Saverin, though, staunchly defended himself in a written statement Thursday. In a reference to the so-called "exit tax" those who renounce their citizenship pay, he said "I am obligated to and will pay hundreds of millions of dollars in taxes to the United States government."

He added: "I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation."

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