I've seen people saying "lol, obviously" in response to the Roger Ver news.
It wasn't obvious to me.
The guy went through the absurdly unpleasant/ expensive process (from what I've heard) of renouncing citizenship 10 years ago, part of his reason was (afaik) to avoid the worldwide taxation imposed on US citizens. IIRC he principally lived in Japan during all those years. And to state the obvious, he was already *very* rich by 2014, even during that bear market.
Given that he went through that exit tax process, how much sense would it have made to forge and defraud in his filings. Maybe it's just me, but I would have bent over backwards to do everything 100% by the book so I could finally put this behind me. Say you lose 20 or 30% at that point ... it's clearly worth it if you're that rich, and you've gone that far down the road.
Maybe he acted stupidly or sneakily, I'm not discounting it, but I would not take the US 3 letter agencies at their word here; just look at the modus operandi of the SEC as an example - "you didn't follow the rules" - "but we hired a lawyer and there were no clearly written rules" - "lol you got it wrong, your pet gerbil is a security" etc.
waxwing /
npub1va…knuu7
2024-04-30 21:35:22
Author Public Key
npub1vadcfln4ugt2h9ruwsuwu5vu5am4xaka7pw6m7axy79aqyhp6u5q9knuu7Published at
2024-04-30 21:35:22Event JSON
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"content": "I've seen people saying \"lol, obviously\" in response to the Roger Ver news.\n\nIt wasn't obvious to me.\n\nThe guy went through the absurdly unpleasant/ expensive process (from what I've heard) of renouncing citizenship 10 years ago, part of his reason was (afaik) to avoid the worldwide taxation imposed on US citizens. IIRC he principally lived in Japan during all those years. And to state the obvious, he was already *very* rich by 2014, even during that bear market.\n\nGiven that he went through that exit tax process, how much sense would it have made to forge and defraud in his filings. Maybe it's just me, but I would have bent over backwards to do everything 100% by the book so I could finally put this behind me. Say you lose 20 or 30% at that point ... it's clearly worth it if you're that rich, and you've gone that far down the road.\n\nMaybe he acted stupidly or sneakily, I'm not discounting it, but I would not take the US 3 letter agencies at their word here; just look at the modus operandi of the SEC as an example - \"you didn't follow the rules\" - \"but we hired a lawyer and there were no clearly written rules\" - \"lol you got it wrong, your pet gerbil is a security\" etc.\n",
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}