by CalWatchdog Staff | May 17, 2012 11:15 am
May 17, 2012
By John Seiler
Free countries let their people leave at will.
Tyrannies don’t let people out without special permission. And if they let anyone leave, they first rob them.
A good contrast is North Korea, a tyranny that bans leaving; and South Korea, a free country that let’s anyone leave without restraint. I know many South Koreans who have made some money, emigrated to Calfornia and used their savings to start little businesses, such as laundries or computer stores.
Sen. Chuck Schumer, D-Pyongyang, just introduced legislation to rob people leaving America. He’s joined by Sen. Bob Casey, D-Havana.
They’re upset that Eduardo Saverin, one of the new Facebook billionares, renounced his citizenship last fall and took asylum in free Singapore. The combined U.S.-California top income tax rate currently is 48.3 percent. If Dear Leader Barack Obama’s national tax increase goes through, and Commissar Jerry Brown’s tax increase does so as well, come Jan. 1, the top income tax rate in California will be 52.9 percent.
By contrast, Singapore’s top income tax rate in just 20 percent.
For the capital gains tax, it’s even worse. Currently, the top U.S.+ California rate is 24.3 percent. On Jan. 1, it could rise to 29.3 percent. By contrast, Singapore has no capital gains tax at all. Singapore loves it when people come there and invest in creating jobs and businesses.
At a news conference, the senators branded Saverin’s escape from tyranny to freedom a “scheme” to “help him duck up to $67 million in taxes.”
Their bill in the Supreme Soviet is called the “Ex-PATRIOT Act,” after the word expatriate. It stands for “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy.” A typical Soviet bureaucratic mouthful.
It’s also a play on the so-called USA PATRIOT Act of 2001, which should be called the USA TREASON Act because it destroyed essential American liberties by, among other things, shredding the Fourth Amendment right to protection from “unreasonable searches and seizures.” It was a bipartisan, Republican-Democrat assault on America freedoms. Commissar Schumer, naturally, supported it. Casey wasn’t in the Senate then, but a year ago voted to extend its Gestapo assaults.
Among other things, the new act would rob 30 percent of the capital gains of anyone renouncing his U.S. citizenship. And it would ban the expats from ever setting foot again in the USSA.
In California, we also have hundreds of thosuands of Vietnamese. I know many of them. Unlike most South Korean immigrants, the Vietnamese mostly did not come here peacefully. After Saigon fell in 1975, the “Boat People” (pictured above) fled Vietnam with few possessions. The new Schumer-Casey-style regime in Hanoi, after conquering South Vietnam, seized the property of those leaving.
The Boat People also commonly were assaulted by pirates on the high seas. Every family has horror stories. But the Boat People arrived in a then-free American that welcomed them as exiles from tyranny and seekers of liberty.
Ironically, since then the Vietnamese government has become much more free, allowing the free movementy of peoples and welcomes investments. Tax rates in Vietnam are about the same as those in the United States today, but lower than the USA would be under the Obama-Brown tax increases.
And of course, Vietnam today has many fewer regulations than in the socialist USA, and the cost of living is cheaper.
Currently, about 1,700 Americans a year self-exile from the ex-Land of the Free, more than five times what it was around 2008. Should the Schumer-Casey tyranny be imposed, before it goes into effect expect that number to rise to tens of thousands fleeing socialism for freedom.
Source URL: https://calwatchdog.com/2012/05/17/usa-becoming-north-korea-east/
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