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Schumer Happens
I know that the Facebook IPO is a big deal for Mark Zuckerberg and the whole Facebook crew, for the market as a whole, and even for California, where Facebook is based…
There’s no doubt that Mr. Zuckerberg will continue to be a force in the tech sector and in our lives, too…he’s changed the way the world communicates.
He’s probably the next Steve Jobs…
And the fact is, the Facebook IPO has added a new life and zest to the stock market…
The Facebook IPO has almost single-handedly brought back the venture capital business to levels not seen since the Dot-com era. That has its own baggage to be sure, but it also brings new life and enthusiasm to the market and to those creative innovators that bring new wealth to the economy.
And speaking of economies…
California’s retread Governor, Jerry “Moonbeam” Brown, is salivating at the thought of gobs of new money coming into the state’s coffers from the IPO of the New Millennium, and it can’t happen soon enough…
California is drowning in a sea of debt and unchecked welfare spending frenzy that show no signs of retreat as the once-golden state is now one big trough of political corruption and welfare slackers bleeding the state dry…
Voting with their feet
It’s no wonder that producing Californians are now leaving the People’s Republic of California as fast as they can…
In fact, the waiting time to book a moving van out of California is almost as long as the time it takes to get your business reviewed by state regulators…after which it is denied, of course.
As I said in a recent edition of The Gorrie Details, people will vote with their feet when the Schumer hits the fan, and there is no exit fee to leave California…yet.
And speaking of the Schumer hitting the fan, as we circle back to the Facebook IPO, Senator Chuck Schumer is no fan of Facebook founder Eduardo Saverin…and seeks to hit him with the charge of “turning his back on the US.”
What?
That’s what Schumer said; declaring that Mr. Saverin’s motivation for giving up his US citizenship was to avoid the high taxes that idiotic neo-fascists like Schumer impose upon people who make something of themselves…
But is it Saverin who turned his back on America? Or has America turned its back on successful people like Saverin?
After all, Saverin is not the only American to “turn his back on the US”…
Thousands of wealthy people do so every year and that number is going up, not down.
Why?
Because for many, it makes sense to do so.
The America that used to celebrate success now demonizes it. The America that used to laud winners now makes them scapegoats. The America of the rugged individual is now a country of multiple generations on welfare, who Schumer paints as victims of those who work for a living…
Why stick around a place that treats successful people like fat cattle to be slaughtered by a state that seeks to take more and more of what they have earned?
Now listen, everyone agrees that some taxes are necessary for a government to function…
It’s just the degree of confiscation that’s at issue…
The Divided States of Schumer
In the Divided States of Schumer, we have a government that seeks to turn successful people into poor, huddled masses…
And successful people are starting to catch on.
Saverin isn’t the first to renounce his citizenship; he’s just the poster boy for a corrupt and venal Senator who is part of the political elite that craves other people’s money…
And of course, power.
In the twisted, power hungry, Bolshevik mind of Chuck Schumer and all those like him, you and I should ask his permission to live anywhere else…
And we should pay through the nose to do it.
Apparently, the long time Senator from New York views self-determination not as our right as Americans, but a costly privilege that must be paid for…
Hence the Schumer-led “Ex-Patriot Act” that will not only tax wealthy folks who leave the country, but assumes that they are leaving the country to avoid taxes, and will tax all future dividend earnings and capital at 30%...
Not the 15% currently on the books that apply to everyone else.
Oh, and one more thing…
If you do leave the Divided States of Schumer, under Schumer’s law, you can never set foot in the country again.
Talk about cutting your nose off to spite your face.
I have an idea, Chuck…
Let’s just push all the successful people out of the country, but tax them first. That way, equality will be achieved and we’ll all collect our welfare check from you as we graze from the dollar menu at Mickey D’s.
We can even friend you on Facebook to make up for Mr. Saverin’s “un-friending” of America.
On second thought, Senator Schumer, why don't you go “friend” yourself instead?
Sound like a plan?
That’s what the logical conclusion looks like to me.
Meanwhile, back in New York, the Facebook IPO is really a big deal anyway you look at it. It’s a good thing for many reasons and hopefully will usher in a new era of wealth creation in America.
And why shouldn’t it? Isn’t America still the greatest place in the world to become wealthy?
Yes it is. But you know what they say…
Schumer happens.
And those are…The Gorrie Details.
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john
May 22, 2012 at 1:58 am
Mr Gorrie you have hit the bullseye or is it the bullshipper on the mark...this putz from NY should have been given his walkin papers long ago...it seems as if the fools in NY just have not been taxed enough to know the difference...What a weasel...