Wealthy people are renouncing American citizenship
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Re: Wealthy people are renouncing American citizenship
#2They’ve been allowed for decades to avoid paying for the infrastructure and management of the country while simultaneously holding most of the influence.
“Renouncing citizenship” means they’ll give up none of the influence, lose the taxes, live how and wherever they want.
The best thing to do is forbid them re-entry into the country nor to hold controlling interest in any company in the US.
Faced with actual consequences and true separation from the actual thing they care about (their source of wealth, not the country) they will reconsider. I’m not sure if this is a net plus, as they are a selfish lot.
Re: Wealthy people are renouncing American citizenship
#3Its really a great system we have here --- get insanely wealthy off the backs of Americans who pay tons more for basic services and then when it's time to pay back run off and keep your change. No wonder America is doing so well.
Re: Wealthy people are renouncing American citizenship
#4It is good that we have such process for people to push back against their government greed. Usually, the citizenry is at the mercy of it and can’t do anything about it.
You don’t like it? Fine. You have a choice and can get out.
Good safety valve. It keeps the populist governments in check.
Re: Wealthy people are renouncing American citizenship
#5Its really a great system we have here --- get insanely wealthy off the backs of Americans who pay tons more for basic services and then when it's time to pay back run off and keep your change. No wonder America is doing so well.
not just America, the 0.01% around the world are all learning this lesson...
Re: Wealthy people are renouncing American citizenship
#6Without getting into the moral debate of taxing US Citizens globally... how could the US government stop this from happening? Surely these ex-citizens hold a lot of assets in the US, and most probably spend a lot of time in the country. Could the gov't effectively banish them or ban them from holding assets in US assets? What would be the side effects of such a law?
Re: Wealthy people are renouncing American citizenship
#7Its really a great system we have here --- get insanely wealthy off the backs of Americans who pay tons more for basic services and then when it's time to pay back run off and keep your change. No wonder America is doing so well.
Pay back? You mean get robbed a bit more?
Re: Wealthy people are renouncing American citizenship
#8Its really a great system we have here --- get insanely wealthy off the backs of Americans who pay tons more for basic services and then when it's time to pay back run off and keep your change. No wonder America is doing so well.
not just America, the 0.01% around the world are all learning this lesson...
so where are they all going?
Re: Wealthy people are renouncing American citizenship
#9From the bottom of my heart, fuck off. If you get blackmailed, abducted, squeezed or raided in any way, the U.S. will have the privilege of not caring.
These tools accumulated massive wealth by corrupting the U.S. political system, gutting the IRS, and bringing their effective tax rate lower than most other citizens' - and it is still not enough.
I guess it's a tall order to ask to keep your grubby paws away and not pump more dark money into U.S. politics.
Re: Wealthy people are renouncing American citizenship
#10Once when young, I used to dream of living and working in the US, how naive I was!