4 ms·

"the moral equivalent of going out for a meal with a big group and sneaking out before the check arrives." Not quite. Saverin played a major part in cooking th

"the moral equivalent of going out for a meal with a big group and sneaking out before the check arrives." Not quite. Saverin played a major part in cooking the meal (using your analogy) and deserves his fair share of sneaking out before the check arrives. Heck, he should be paid for making the meal and a thank you!!

wpietri 14y ago
Please. The fellow played a modest early role and was then forced out because he wasn't competent to handle the rest. His was a minor role in a major startup, and he is basically a lottery winner. For which I say: congrats! Also, you misunderstand restaurants in the same way you misunderstand economies. The guy who chops the vegetables in the 3 months after the restaurant opens should certainly be paid and thanked. But his job only exists because of heavy investment by the restaurateur. And that sous chef should still pay his taxes just like everybody else, because restaurants are heavily dependent on civic infrastructure.
- yummyfajitas 14y ago
  And that sous chef should still pay his taxes just like everybody else, because restaurants are heavily dependent on civic infrastructure. The issue in question is whether the sous chef, after leaving the US permanently and renouncing his citizenship, should pay taxes to the US on his investments above and beyond what any foreign investor would pay. Saverin did pay his taxes just like everybody else. The question is whether he should now pay taxes above and beyond what other Singaporeans are obligated to pay.
  - wpietri 14y ago
    Do you have any evidence that he's sold all his stock? Because he wouldn't have paid all his capital gains tax until the last share is sold. If he has indeed paid all the tax on the Facebook lottery winnings, then I don't have a problem with him renouncing his citizenship. But I've seen estimates that he saves $100m by doing this, and I presume that's because he still has the stock.
ArtB 14y ago
Yes but society did a lot as well (for example providing enough free education so that most people are even able to use FaceBook in the first place), and thus they are do their share as well. Instead, he is trying to duck out so that his fair share gets minimised as well. It's like trying to leave the dinner party and leaving $40 when your meal added up to $43.25 before tip and tax.

wpietri 14y ago

Please. The fellow played a modest early role and was then forced out because he wasn't competent to handle the rest. His was a minor role in a major startup, and he is basically a lottery winner. For which I say: congrats! Also, you misunderstand restaurants in the same way you misunderstand economies. The guy who chops the vegetables in the 3 months after the restaurant opens should certainly be paid and thanked. But his job only exists because of heavy investment by the restaurateur. And that sous chef should still pay his taxes just like everybody else, because restaurants are heavily dependent on civic infrastructure.

yummyfajitas 14y ago
And that sous chef should still pay his taxes just like everybody else, because restaurants are heavily dependent on civic infrastructure. The issue in question is whether the sous chef, after leaving the US permanently and renouncing his citizenship, should pay taxes to the US on his investments above and beyond what any foreign investor would pay. Saverin did pay his taxes just like everybody else. The question is whether he should now pay taxes above and beyond what other Singaporeans are obligated to pay.
- wpietri 14y ago
  Do you have any evidence that he's sold all his stock? Because he wouldn't have paid all his capital gains tax until the last share is sold. If he has indeed paid all the tax on the Facebook lottery winnings, then I don't have a problem with him renouncing his citizenship. But I've seen estimates that he saves $100m by doing this, and I presume that's because he still has the stock.

ArtB 14y ago

Yes but society did a lot as well (for example providing enough free education so that most people are even able to use FaceBook in the first place), and thus they are do their share as well. Instead, he is trying to duck out so that his fair share gets minimised as well. It's like trying to leave the dinner party and leaving $40 when your meal added up to $43.25 before tip and tax.