The US has a financial Berlin wall: anyone trying to get away from the taxation power of the US Government has to renounce citizenship, and even that costs roughly 50% seizure of assets.
These guys are probably getting away before it becomes 100%. For them, Atlas has Shrugged. If November doesn’t save the US, then I expect the trickle will become a flood.
I don't think that's correct. I think that renouncing citizenship is considered a "taxable event" equivalent to a sale, upon which the holdings are taxes as if you sold them, at the existing capital gains rates. So, if you have all cash, there's no penalty, but if you have stocks, the state plus federal rate could be pretty high, depending on the mix of short and long term holding times and the amount of embedded profit.
If anyone has more detailed info, please add!
Atlas hasn’t Shrugged yet for most of us. If we win in November, there may be a chance to save this country. If the Democrats and their allies in the left wing media manage to thwart us in November, perhaps Atlas will finally Shrug after all. Its either that or a rapid descent into complete socialism that will destroy productivity and prosperity in America.