Shocking: people try to avoid paying taxes
I think Facebook founder Eduardo Saverin is a bit of a jerk to renounce his U.S. citizenship to avoid paying taxes on his IPO windfall, but that's his decision. Of course, NY Senator Chuck Schumer never misses an opportunity to grab a headline with the outrage du jour so he's trying to move some punitive law that will go nowhere.
In turn, Zero Hedge has a "A simple question for Senator Schumer." "Can Senator Schumer please rep, warrant and guarantee that none of his corporate sponsors, i.e., his Top 100 Contributors, have ever engaged in any form of explicit or implicit tax avoidance, tax offshoring, and tax shelter." Wow, that's quite a list, including the Blackstone Group, Goldman Sachs, JP Morgan, and union-buster Verizon. Let's see that clean bill of patriotic taxpaying, Senator.