Re:For the very rich, citizenship is a problem to be solved.
by bd_at_rivenhill on Sunday August 21, 2011 @02:39PM
(#2909852)
You're ignoring one particularly American problem, which is that Americans who harvest wealth outside the system of their country of citizenship are still required to pay taxes to it. I suspect that these sort of proposals would probably go away if rich Americans who moved to Hong Kong or Singapore were not expected to continue paying into Uncle Sam's coffers.
Agreed. But there is what should be done, and what is done. I don't think this is anyway admirable, or of any benefit to society, (it's basically taking wealth harvested within a system out of that system) but I do see that it might be a possible solution for a perceived problem that exists for very wealthy individuals.