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Re:Wealthy people are renouncing American citizenship by cortesoft on Thursday August 05, 2021 @01:13PM (#28076600)
If there are no benefits to being a US citizen while living abroad, there should be no issue with renouncing their citizenship.

Why do they want to maintain their citizenship if it doesn’t give them anything?

Re:Wealthy people are renouncing American citizenship by amanaplanacanal on Thursday August 05, 2021 @01:56PM (#28077222)
I would suggest that the major benefit would be that if things go to shit wherever you are, you can flee back to the US. There are probably other countries you could choose for that instead, though.

Also, if you give up your citizenship, does that have any implications for traveling back to the US? You might very well have friends and family you would like to visit occasionally.

Re:Wealthy people are renouncing American citizenship by abroadsaver on Thursday August 05, 2021 @05:39PM (#28080279)
We are still culturally American, and we still have family in the US. And if we visit, we pay taxes on everything while we’re there. There are taxes on the flight in, on the fuel we use, on the stuff we buy. And maybe we’d like to move back.

So why conflate being American with federal taxes and bureaucracy?

Maybe America should think about the benefits we expats provide to it while living and representing our culture and values abroad. We usually make a good impression on our country’s behalf, but everyone abroad is shocked to hear about the potential draconian penalties and compliance headaches our government forces on us.

Re:Wealthy people are renouncing American citizenship by BenjiWiebe on Thursday August 05, 2021 @01:51PM (#28077134)
To keep the option open of coming back, and then using government services/paying taxes.