Why are conservatives defending a billionaire who abandoned America?

Facebook co-founder Eduardo Saverin, widely derided for renouncing his U.S. citizenship before the company's lucrative IPO, is finding powerful allies on the Right

Brazilian-born Singapore-based Eduardo Saverin may have renounced his America citizenship, but he could still pay a "tax exit" fee of up to $150 million.
(Image credit: Martin Roe /Retna Ltd./Corbis)

Eduardo Saverin, a Facebook co-founder, renounced his U.S. citizenship just before the company's $16 billion IPO, in what is widely seen as an attempt to avoid paying taxes. The Brazilian-born Saverin, who became an American citizen in 1992, is being lambasted for ingratitude, with many saying he could not have made his billions without the opportunities afforded him in America. Democratic senators have introduced legislation, dubbed the Ex-Patriot Act, that would force similar tax dodgers to pay a 30 percent tax rate on their U.S. assets and bar them from re-entering the country. Some Republicans, like House Speaker John Boehner (R-Ohio), have also denounced Saverin, but notable conservatives, including anti-tax advocate Grover Norquist and The Wall Street Journal editorial board, are slamming Democrats for behaving like Nazis and Communists. What should we make of this controversy?

For conservatives, the enemy is the U.S. tax code: Saverin's decision to become a citizen of low-tax Singapore reeks of opportunism, says Jay Bookman at The Atlanta Journal-Constitution. But anti-tax ideologues in the conservative movement are claiming that "the United States is simply getting what it deserves for not cutting taxes on the wealthy even lower than they are today." Conservatives don't seem to realize that the U.S. "cannot be a country in which it is possible to create a behemoth such as Facebook and also be a country in which regulation and overtaxation have made it impossible to succeed. Both things cannot be true."

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