Quote
Americans are renouncing their citizenship in record numbers
According to a recent survey of government data, 5816 Americans renounced their citizenship in the first six months of 2020. That is more than a ten-fold increase from the last six months of 2019, when 444 citizens gave up their passports.
The surge in renunciations during the first half of 2020 also breaks a record set in 2016 when 5,409 Americans gave up their citizenship over the course of the year. And it already outstrips the record level of renunciations that occurred in 2016 when 5,409 people in the United States turned in their passports.
https://finance.yahoo.com/news/americans-renouncing-citizenship-record-numbers-200000447.html
According to a recent survey of government data, 5816 Americans renounced their citizenship in the first six months of 2020. That is more than a ten-fold increase from the last six months of 2019, when 444 citizens gave up their passports.
The surge in renunciations during the first half of 2020 also breaks a record set in 2016 when 5,409 Americans gave up their citizenship over the course of the year. And it already outstrips the record level of renunciations that occurred in 2016 when 5,409 people in the United States turned in their passports.
https://finance.yahoo.com/news/americans-renouncing-citizenship-record-numbers-200000447.html
I would have to imagine capital flight could become a legitimate issue for the united states in the future.
The SEC is only a symptom of larger trends which exist at the highest levels of american leadership and regulation. While many disagree with the direction america has taken, these types of disagreements are seldom resolved quickly or cleanly, I think. It will take time. At worst it could take decades or centuries.
