Tag: Citizenship

More And More Americans Are Leaving

Last year, nearly 1,800 Americans surrendered their citizenship. In a nation of 300 million folks, 1,800 émigrés is hardly a rush for the exits. But the recent trend is, nevertheless, intriguing.  …

Who knows the exact reason why 1,800 Americans chose to leave last year — nine times as many as left four years earlier. Certainly, each one of them had their reasons. But like a corporate insider that sells his own stock, there’s one thing you know for certain about his motives: he is not selling because he believes the stock will go up. Maybe he doesn’t believe the stock will go down, but no one sells a stock they believe will go up.

via Business Insider.

I wrote about this before.  Still no mainstream press on this issue.

Record Number of Americans Renounce Citizenship

Last year, almost 1,800 people … renounc[ed] their U.S. citizenship or handing in their Green Cards.  That’s a record number since the Internal Revenue Service began publishing a list of those who renounced in 1998.  It’s also almost eight times more than the number of citizens who renounced in 2008, and more than the total for 2007, 2008 and 2009 combined.

via Reuters.

This is not good any way you twist it.

Go read the story.  It’s not the tired, poor,  huddled masses yearning to breathe free that are leaving.  It’s the well educated, the well off, the well healed who are heading for the door.  Tired of our unfair tax policies people the rich are saying enough.

Who’s going to pay the bills when these people go?