Eduardo Saverin, Singaporian Extraordinaire

AP Photo of Senator Charles Schumer

Facebook co-founder, Eduardo Saverin, has renounce his U.S. citizenship and is now a citizen of Singapore. Singapore has no capital gains tax. This move will potentially save Saverin several million dollars. The real news here, though, is Chuck Schumer's (D-NY) reaction to the move:

"This is a great American success story gone horribly wrong."

"This tax avoidance scheme is outrageous."

Bwahahahaha!!!!! I guess Saverin should have decided to become a Senator to avoid paying his fair share of taxes. Then he could have retired fat and happy on the government teat like Schumer himself! I think Chuck is just mad that he can't be a citizen of another country. He has the burden of having to help write clustered laws that raise taxes on everyone except elected officials while he votes himself pay raises.