Wealthy people are renouncing American citizenship

Re:Wealthy people are renouncing American citizenship by amilios on Thursday August 05, 2021 @09:35AM (#28073530)

This is a fantasy. Voluntary contracts imply that workers have the option of not working for starvation wages, which in many cases is simply not true. If your options are to work a dead-end minwage job or, well, die on the street, is it really a voluntary contract that you're entering? I would say not.

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Re:Wealthy people are renouncing American citizenship by koonsolo on Thursday August 05, 2021 @09:47AM (#28073675)

There is only 1 company you can work for, and no way to work independently or start a company? Seems strange to me.

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Re:Wealthy people are renouncing American citizenship by amilios on Thursday August 05, 2021 @10:25AM (#28074153)

If all the companies that are willing to hire you equally treat you like crap, you aren't really given much choice. In terms of entrepreneurship, it carries a ton of risk. People living paycheck-to-paycheck typically aren't able to carry such a risk with no safety net (family, etc.).

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Re:Wealthy people are renouncing American citizenship by koonsolo on Thursday August 05, 2021 @12:59PM (#28076413)

Price is set by supply and demand, not by either seller or buyer.

In a market with multiple suppliers and buyers, the price will sort itself out.

That you don't like that price has nothing to do with either side being "evil".

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Re:Wealthy people are renouncing American citizenship by ninja3925 on Thursday August 05, 2021 @10:50AM (#28074499)

Of course! You can choose: - Not to work - Move to a city/state with better opportunities - Take classes to specialize - Work hard and get promoted - Start your business

Aren't these valid options? No "cigar smoking fat cat" force workers to sign the contract under duress.

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Re:Wealthy people are renouncing American citizenship by opheliate on Thursday August 05, 2021 @11:15AM (#28074906)

For many people these are not valid options, no. If you grew up in a low-income household and entered a low-wage job, the likelihood of having sufficient savings to choose not to work, take time off to improve your skills, or move is very low.

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Re:Wealthy people are renouncing American citizenship by KittenInABox on Thursday August 05, 2021 @01:24PM (#28076771)

How do you have the money to move, take classes, or start a business (business licenses cost $$$) if you are choosing between abusive/dead-end work and homelessness?

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