The Great Defection From The Westby Jeff Berwick
The Dollar Vigilante
May. 14, 2012
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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!
In the article it states that Jeremie Le Febvre, a 30-year-old founder of private equity marketing-services firm TBG Capital Advisors, plans to move to Singapore from Paris this year.
And why shouldn't he? But, of course, the collectivists, socialists and thieves all rally to say that HE is the thief for leaving France. After all, he probably got to where he is today thanks to his 12 years of free indoctrination in the child prison camps called school.
That's what the brainwashed Canadian slaves all told me when I said I was leaving Canada nearly a decade ago. "But, but, you owe your living to Canada," they'd state, sputtering.
"What is this Canada you refer to?" I'd asked, honestly. Those borders you see on maps drawn up by historic criminals don't mean much to me. I see us all as humans, nothing more, nothing less.
"But, WE paid for your schooling," they would retort.
"Oh you are the one who put me through that?" I'd say, "You were the one who paid for me to be forcifully confined in a wooden chair eight hours of the day to listen to complete imbeciles to learn things I had no interest in... and that's when I wasn't getting beaten up."
And this is the sickness of collectivism. Look at a person like Saverin... He's surely heard all the same rhetoric. So, he is supposed to pay billions of dollars in capital gains taxes for his "edumacation"?? This is the twisted nature of it. If education were un-socialized it would cost almost nothing. There are methods to educate children where the kids in the grade higher than them teach the others. The total cost in a system structured in this way? It's been calculated at $40 per year. You'd really only need one teacher for about 1,000 students. And with the internet you really only need one teacher per 7 billion students. Just ask Dr. Khan who has given over 148 million lessons. But in the world of socialism, school can cost billlions... if you have the money to pay!
Is it any wonder that anyone who can has already gone? So many have already left, many of them years ago. Let's just run through a short list of people you probably know or pay attention to:
Word on the street is that wait times just to get a meeting to give up your US residency has increased from six months to two years. And, that is if they are so kind to grant you permission to leave. Simon Black recently reported an attempted defectee who was turned down in his application to renounce US citizenship.
In the meanwhile, realizing the seriousness of the defection situation, as CBS announced last week, Congress is attempting to pass a bill disallowing travel outside of the US to anyone deliquent in paying their extortion...
The entire western world has turned socialist. It's like a zombie movie, all of the unproductive and chattering classes have turned upon the producers and they want blood. Many, like Jim Rogers, Marc Faber and Doug Casey saw this years ago and already escaped. The floodgates are now opening as many others are beginning to realize they are lambs being prepared for slaughter. If you have assets that you'd rather not donate to the collective then how much longer will you wait to begin to make preparations for your own escape?
And if you don't have much assets but are looking for opportunity, how long will you remain in the new Soviet Union and Communist China, the West? Go East young man. To Asia and Latin America... them's where the opportunities are today.
Jeff Berwick [send him mail] is an anarcho-capitalist freedom fighter and Chief Editor of the libertarian, Austrian economics grounded newsletter, The Dollar Vigilante. The Dollar Vigilante focuses on strategies, investments and expatriation opportunities to survive & prosper during and after the US dollar collapse.