Out of Pod Experience

Lots of them in tax havens or places without capital gains tax like Singapore. A "small" donation of between half a million and 5mil and heres your new passport sir, thank you very much sir.

I dont think self imposed exile would ever be something id consider.

Well stay away from sweden, things aren't better here. I recommend somewhere south, better climate and not so cold in the winter..

I know there are a lot of wealthy Chinese millionaires that want to get into the USA for the protection of their assets not afforded in mainland China.

Not sure if the USA allows the buying of citizenship though like other nations.

If things continue as they are the USA will not survive the century. The people in charge seem to be doing everything they can to destroy themselves.

Oh yes, that's the current big thing in U.S. immigration. Municipalities set up investment projects. Millionaires (currently mostly Chinese) invest US $1mil and get permanent resident status. Over five years, they get their million bucks back, plus 1% or so interest. By that time, they've been a permanent resident for five years and are eligible for citizenship. This is huge business for U.S. cities, not to mention U.S. immigration lawyers. The competition between municipal projects is intense. Chinese millionaires come on guided tours of various ones, evaluate various perks offered, and take their pick.

(BTW, working with these millionaire types is a real pain. Gawd, how incredibly cheap they are, no matter what nationality. They want the benefit, but getting them to actually part with the $1mil for low interest almost kills them. Meanwhile, you have to advise them on whether they can get student financial aid for their college student kids, whether buying a personal residence would quality as the required investment, etc. Very demanding, cheap as dirt people-- 100% of them I've encountered, so far).

I am one of those people the article is talking about, here's my own perspective on the issue.

My mother is a USian, but she left the country when she was 19. Even though I wasn't born in the US, I've had dual citizenship since I was born. Me, my mother and my siblings already declare and pay our taxes where we work and reside, which is not the USA.

But recently the US government has said that even though we don't work or live there, and pretty much have nothing to do with that country in all practical matters, we now have to declare and pay taxes to the US, regardless that we are already doing this in the country where we do reside. The USA is the only country in the world that requires its citizens to do this.

And not just that, the US government is trying to enforce this by requiring international banks to monitor and inform it of any US citizens that may have accounts with them.

So we've been consulting with lawyers to relinquish our US nationalities and passports. This is utterly ridiculous: if we lived in the US, we would be willing declare and pay our taxes over there, but that's certainly not the case, and we derive no benefit whatsoever from being USian (aside from not having to apply for VISAs if we want to visit). It's just a liability now, and I couldn't care less about silly "patriotic" feelings, I see myself as a citizen of the world.

So screw it, bye bye US citizenship.

....and most of those will be happy in the end when we are finally a 100% Baptist Theocracy. Scary how many have this as a dream that I unfortunately knew living mostly in the South.

Ah, yes.The vaaaaast wave of departing soon-to-be-'ex' Americans. Not.
Typical journalistic hyperbole. You could say the precise same thing about any other country on the planet - some folks will always be dissatisfied, and will move on looking for greener pastures.

Aunty Beeb loses a few more points on the integrity meter.

I wasn't going to address that bit, because frankly, it makes the hyperbole even more silly. But since you went there... Yes, I read the article. My contempt for it has already been noted.

mate ....don't have a pop at me ! ...I didn't write the blooming article I just posted it to gauge our friends across the pond reaction to it take your issues up with the beeb