Wealthy people are renouncing American citizenship

Re:Wealthy people are renouncing American citizenship by matttproud on Thursday August 05, 2021 @03:08PM (#28078119)

In case anyone is interested, the taxation on Americans abroad isn’t new but has its roots in the 1860s with the U.S. Civil War: https://www.bloomberg.com/opinion/articles/2015-04-24/end-th....

FATCA is annoying. I don’t mind taxes. I want the process to be fair, predictable, and not exceptional. It’s a travesty the United States has been most of my adult life a failed state, which makes the tax treatment insult to injury.

- American Abroad (on the pathway to naturalization in a new home)

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Re:Wealthy people are renouncing American citizenship by robot_no_419 on Thursday August 05, 2021 @07:27PM (#28081391)

Calling the world's superpower and one of the wealthiest nations in the world a "failed state" is a bit ridiculous, is it not? Do words not have meaning anymore?

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Re:Wealthy people are renouncing American citizenship by coding123 on Thursday August 05, 2021 @07:33PM (#28081434)

https://en.wikipedia.org/wiki/Failed_state

I would say it has 3 of those 4 bullet points.

> Likewise, when a nation weakens and its standard of living declines, it introduces the possibility of total governmental collapse.

Standard of living

https://usafacts.org/state-of-the-union/standard-living/

So yeah, I personally don't call it a failed state, but I don't blame others that do if they're in those categories.

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Re:Wealthy people are renouncing American citizenship by robot_no_419 on Thursday August 05, 2021 @07:38PM (#28081467)

The US is not anywhere close to meeting any of those definitions. USA has problems, sure, but it's nowhere close to being an actual failed state. You'd have to be aggressively biased against the US to argue that it's a failed state. By the same standards, pretty much every central american, south american, eastern asian country, and most european countries would count as failed states.

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Re:Wealthy people are renouncing American citizenship by coding123 on Thursday August 05, 2021 @07:55PM (#28081591)

We're talking about someone's use of the words "failed state" because that's how they feel about the US and it definitely fits the definition based on the position some people are in.

People also argued in January 2020 that it would be ridiculous to worry about this coronavirus it's just as deadly as the flu. Literally told to me by a democratic doctor that works at an extremely prestigious medical institution. (Different take now).

I'm not saying the US is on the precipice of failure in 1 year and 7 months, but people don't realize the stilts things are on sometimes.

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Re:Wealthy people are renouncing American citizenship by robot_no_419 on Thursday August 05, 2021 @08:04PM (#28081649)

I know what we're talking about and I will say (again) that using the words "failed state" for USA is objectively a bad, ignorant take based on numerous nationwide metrics and the standard of living of the rest of the world. How said person feels and their personal situation doesn't really change that. You can find people in every single nation who strongly believe their nation failed them. And even when that's true, that doesn't make a nation overall a "failed state".

Again, do words even have meaning anymore? Just because someone feels like America is a "failed state" doesn't make it so.

And finally, "failed state" is using the past tense. I can acknowledge that something is on stilts without claiming that it already fell down.

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