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Why Did Facebook's Co-Founder Renounce His US Citizenship? | The Nation

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Why Did Facebook's Co-Founder Renounce His US Citizenship?

By renouncing his US citizenship, Facebook co-founder Eduardo Saverin will save hundreds of millions of dollars in taxes. In this clip, The Nation’s Ilyse Hogue explains that Saverin’s decision is part of a larger problem: “These guys [have] become emblematic of a class of 1 percenters who think they don’t owe anything to the countries that made them great.”

For more, read “Lessons in Disloyalty: Eduardo Saverin and the Facebook IPO.”

Erin Schikowski

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