Wealthy people are renouncing American citizenship

Re:Wealthy people are renouncing American citizenship by remir on Friday August 06, 2021 @01:42PM (#28090526)

I guess the line could be at: I made money in the US and benefited from being a US citizen, but now I pack my things and go live elsewhere so I can benefit from the wealth differential in that country and extract rent from people there.

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Re:Wealthy people are renouncing American citizenship by fourthwaveska on Friday August 06, 2021 @02:22PM (#28091047)

Hmm. So it is OK for me to say make all of my money in San Francisco then go buy property in much poorer Detroit?

Now what if about 1/3 of that income came from my wife who is from a poorer country than Spain?

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Re:Wealthy people are renouncing American citizenship by remir on Friday August 06, 2021 @03:21PM (#28091682)

I guess if a bunch of wealthy people came to Detroit and bought properties and extracted rent from much poorer citizens with less upward mobility and nearly no chance to own a property of them own, that would be the same problem.

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Re:Wealthy people are renouncing American citizenship by fourthwaveska on Saturday August 07, 2021 @02:32AM (#28096284)

You’ve reminded me of that xray spex song, “I live off you”.

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