Too bad for Severin that they don’t make students read this any more.

You use the culture, markets, resources and freedom of the United States to turn your innovation into a fortune, and when your nation needs you, more than ever, to contribute your fair share to address its serious economic crisis, you decide to flee to foreign shores.

 That’s Facebook co-founder Eduardo Saverin.

Despicable.

Occupy Wall Street and its offspring engage in slander and bigotry by characterizing all wealthy, successful individuals as selfish leeches, but their stereotype fits Saverin like a wetsuit. As his company is poised for a public offering and his shares in it are about to lay golden eggs, he has decided to give up his citizenship, and his tax obligations, to live in luxury in Singapore. This will save him at least 67 million dollars in taxes, and probably more. His lawyer-spokesman says that the timing of Saverin’s exodus is coincidental; he just had an overpowering desire to live in Singapore.

Right.

Well, good riddance. The U.S. needs his money, and had a right to it, but it doesn’t need him. He is an ungrateful, greedy and selfish wretch, and richly deserves to be remembered as this generation’s Philip Nolan, “The Man Without A Country.”

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Facts: Bloomberg

Graphic: Barnes and Noble

Ethics Alarms attempts to give proper attribution and credit to all sources of facts, analysis and other assistance that go into its blog posts. If you are aware of one I missed, or believe your own work was used in any way without proper attribution, please contact me, Jack Marshall, at  jamproethics@verizon.net.