this post was submitted on 17 May 2026
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Tax them anyway, as long as they still have citizenship?
Just putting aside the devastating effect on state funding (a huge part of schools, infrastructure, emergency services etc) what do you do when folks renounce their citizenship or purchase another?
For the US, renouncing citizenship is already taxed, and getting additional citizenship doesn’t eliminate your US tax obligations
Yes, there's an exit tax but after that I don't think you're correct. And if the difference in costs of that tax and say, a tax rate in the Caribbean...
Like, your businesses etc will still get taxed but and corporate taxes are different from taxing bilionaires etc and have a different set of implications.