The Reich flight tax that the Nazis imposed on Jews trying to flee in the 1930s was 25 percent. Democrats want Facebook co-founder, Eduardo Saverin, to pay 30 percent.
Call it the return of the Reichsfluchtsteuer.
The president of Americans for Tax Reform, Grover Norquist, did not use the term. But that is what Mr. Norquist was talking about when he spoke to The Hill newspaper about the legislation proposed by Senator Schumer, the Democrat of New York, to tax at a 30 percent rate the $2 billion capital gains of Facebook co-founder Eduardo Saverin, who renounced his American citizenship before Facebook’s initial public offering.
"I think Schumer can probably find the legislation to do this. It existed in Germany in the 1930s and Rhodesia in the ’70s and in South Africa as well,” Mr. Norquist said. “He probably just plagiarized it and translated it from the original German."
The Reichsfluchsteuer, or Reich flight tax, that the Nazis imposed on Jews trying to flee in the 1930s was 25 percent; Mr. Schumer and his Senate colleague Bob Casey, Democrat of Pennsylvania, want 30 percent. Give Mr. Schumer some credit for creativity, Mr. Norquist; the New Yorker did not just translate, he also raised the rate…
…The left will already be furious about this column for its mention of Nazi Germany in the context of capital gains taxes. Let me conclude by getting the right angry, too, by invoking the Universal Declaration of Human Rights, a product of the United Nations. It says, “Everyone has the right to leave any country, including his own” and “No one shall be arbitrarily deprived of his property.” What meaning does a right to leave have if the government is going to help itself to 30 percent of the migrant’s property on the way out?
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