“The numbers dipped to double digits in 2008, when the government created an “exit tax” on assets that made it expensive for the wealthy to give up their passports or green cards.”
The US version of the Berlin Wall.
BTTT.
Exactly. I’m constantly surprised by the otherwise educated Conservatives I know that have no inkling that they no longer really have the option of simply moving to another country when the US slips too far toward socialism.
If you have enough assets, the IRS will hound you for TEN YEARS after you renounce citizenship. That is AFTER they demand the 50%+ death tax from you. That’s right. If you renounce citizenship, they want half your assets — as though you had died.
If this policy doesn’t make it clear that the government preys on the wealthy, nothing does.