2013 March 03 Sunday
Surge In People Giving Up United States Citizenship
Expats want to escape US taxes on a country they rarely see.
Across the world 1,781 Americans renounced their citizenship in 2011 compared with just 231 in 2008, when US tax laws changed
The US embassy in London has a 3 month long queue of people waiting to get an appointment to renounce their US citizenship.
Many countries (e.g. Britain) do not tax their citizens on money they earn while working abroad. The US does tax us no matter where we are. Given the Leviathan's growing appetite for tax money to feed the welfare state it seems likely the incentives to renounce are going to grow. What we need: a bigger market for citizenships.
The US government really ought to charge foreigners a large amount for citizenship with the ability to apply the charge toward, say, the next 10 year of tax bills. Then the poorly paid won't be able to afford citizenship and the value of new citizens will rise.
The overwhelming opposition to measures to raise the quality of immigrants is such that we'll continue to take in more of those who are less productive and more of the highly productive will leave. I expect some smaller nations will step into the void and specialize in catering to the most talented, productive, and accomplished. Which smaller countries will become the homes of the elites?
By Randall Parker at 2013 March 03 10:16 AM
"Then the poorly paid won't be able to afford citizenship and the value of new citizens will rise."
Sorry, what? Would you run that buy me again please? Or is it that you confuse monetary cost or earnings with value?
But of course if you really meant that, I'll just have to ask what the "value" of different kinds of humans is, according to you.
By the way, I think that it is more than taxes why so many Americans want to become get the hell out and become expats: surveillance up the ass, impossibility to open up a small business, impossibility to educate your children, impossibility to get fair judgments specially against women, impossibility to have sex or skip a class before 18, impossibility to give your child a taste of beer or wine, etc, etc.
The U.S. has become a f***en prison my friend, (pardon my French). And on top of all that, so many Americans now believe they have high value. Who wants to continue living in a country full of cowboy-walk Bushes or military-talking Awrnolts Swatzeneegas?
Superman already did.
When the ship is sinking the only sensible option is to jump to the water. At least in the water you'll have a chance to hold on to some floating debris and by getting away from the ship, you'll be safer from the pull of the its downward movement.
Leaving the U.S. will become harder as time passes. There's still time.
15 years ago this would've been thought of as something you'd only see back in Soviet Russia.