Remember a few decades ago when defection from communist countries to the west was common? Those in the west understood why. Of course they’d want to defect, they’d say. They’re all but slaves in the Soviet Union… or Cuba… or China. Pick your communist paradise.
How things change. Now Russia and China are some of the great new bastions of capitalism. Sure, they’ve still got a dictatorial, oppressive government, but so does the US. And now the Fasco-Communist Police State of the US is home to all the worst forms of government all wrapped into one.
And the defections from the US and the rest of the submerging western economies has begun.
Today a number of high profile wealthy entrepreneurs announced their defection. The first was Eduardo Saverin, the billionaire co- founder of Facebook Inc. He renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion. He owns a 4% stake, worth about $3.8 billion. He renounced his US citizenship and moved to Singapore.
Meanwhile, another headline came across the wires today from Bloomberg, “France Entrepreneurs Flee From Hollande Wealth Rejection“. In the article it states that entrepreneurs are fleeing France after socialist and thief… sorry, I repeat myself… Francois Hollande became President. Hollande, a hardcore socialist, narrowly prevailed against a number of other candidates who were proposing a 100% income tax rate!
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