Facebook co-founder Eduardo Saverin, who moved to the United States at age 13 in order to escape being kidnapped by Brazilian gangs, has been in the news this week for renouncing his American citizenship in order to dodge taxes on his Facebook stock. He’s headed to Singapore to keep being rich in a place where he’s (a) safe, (b) can speak English, and (c) doesn’t have to pay a capital gains tax.
But there aren’t that many Singapores. Consider this interview with Will Smith. He’s explaining to a French interviewer why he’s willing to pay higher taxes. Then, at 1:20, the interviewer tells him that the Francois Hollande wants to raise the top marginal tax rate in France to 75 percent. Hilarity ensues.
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