Templeton one of greatest philanthropists in history renounced US citizenship and used his wealth to help mankind! http://t.co/FAhB5lmjk2
— U.S. Citizen Abroad (@USCitizenAbroad) June 23, 2013
The article referenced in the above tweet comes from Sovereign Man and is titled:
US Senate to retroactively punish runaway tax slaves.
Surely, the citizens of the “land of the free” could not be slaves! Surely this thought is “crimethink“!
It’s a “fun article” and makes the following point:
Years ago, it was virtually unheard of for someone to give up his/her US citizenship.
Then, one by one, a handful of famous cases surfaced… like Sir John Templeton, who renounced his US citizenship in 1964 and moved to the Bahamas.
At the time, Templeton was able to save $100 million that he would have otherwise had to pay in taxes to the US government.
But anyone view Templeton poorly for his lack of patriotism, it’s important to note that the man was one of the greatest philanthropists in history. And, rather than finance more bombs, guns, and military folly at the height of the Vietnam War, he chose to channel his wealth into improving the lives of millions of people around the globe.
But of course the Homelander mindset is that Templeton was a “tax cheat” – a truly hilarious perspective. Templeton did not believe in debt and was fond of saying that:
“Those who spend too much will eventually be owned by those who are thrifty”
Form Nation is "One Nation Under Debt With Endless Debt Slavery For All" http://t.co/bP2vfu2w Will #FATCA and Mr. #FBAR solve debt problem?
— U.S. Citizen Abroad (@USCitizenAbroad) May 17, 2012
The Templeton Foundation has done much good in the world.
Templeton was also one of the world’s great investors. He actually founded – Templeton Growth Fund – the most famous mutual fund PFIC in the world. Interestingly it was founded in Toronto, Canada. He clearly did NOT want it incorporated in the U.S. (another interesting decision)
An investor is someone who bases his decisions on his view of where the world was going. He clearly chose to NOT bet on the United States.
The article ends by noting that:
Yet we must either gleefully accept being born into state slavery… or they’ll treat us as if we are dead. It’s hardly seems an appropriate way for an enlightened civilization to treat people.
This raises the question of:
Funny, it occurs to me that there are only two kinds of U.S. citizens abroad:
1. Those who are tax compliant and therefore must renounce their citizenship.
2. Those who are NOT tax compliant and therefore must renounce their citizenship.
Which are you?
Spread the word:
Stop citizenship-based taxation! Repeal FATCA!
