Today, as Facebook co-founder and United States citizenship-renouncer Eduardo Saverin becomes an even bigger billionaire, he's also become a hero of the conservative media establishment. All it took was a legislative attack from Democrats and the Brazilian-born businessman went from evil tax dodger to benevolent job creator.
The piece of legislation in question is the Saverin bill, an attempt to keep people like him from renouncing their U.S. citizenship to avoid taxes which is co-sponsored by Democratic Senators Chuck Schumer and Bob Casey. Before that bill, which would permanently bar Saverin, and others like him, from re-entering the States, the co-founder was widely despised. Give a welcome to the right's most recent folk hero.
Saverin is merely escaping harsh, leftist policies. That's the assessment of National Review's Mario Loyola. "It is the foolish and counter-productive tax policies of the left that are chasing Eduardo Saverin to another country, just as they are chasing companies away in increasing numbers," he writes. "It is even more foolish to punish those people for leaving."
Passing this law is beneath the U.S. This was the position of The Wall Street Journal's editorial board this morning. "That is what oppressive and demagogic regimes do, and it's humiliating to see U.S. Senators posture in such fashion."