An email from John Strohmeyer this morning made me laugh:
At a news conference this morning, Sens. Schumer and Bob Casey, D-Pa., will unveil the “Ex-PATRIOT” – “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy” – Act to respond directly to Saverin’s move, which they dub a “scheme” that would “help him duck up to $67 million in taxes.”
- - I’m surprised it took them this long to introduce this.
- - Once we’ve managed to insulate ourselves from the rest of the world and its capital, THEN our economy will take off!
- - Perhaps if our system wasn’t such a nightmare, people wouldn’t want to leave.
Yes, John. It is a full-blown Moronathon on Capitol Hill. (PS: Senator Schumer is also a “D”. Not to say that the “R” people are sane. Not at all. I just need to point out that Sen. Schumer is a “D”. Also from New York. Wasn’t that the site of a world-famous stock market once upon a time?)