RE: But what if more of them start to leave?
The question is WHERE TO ?
Most countries are doing WORSE than the USA economy-wise.
Are they going to China ? where there is practically little freedom of speech ?
Are they going to India ? the Philippines ? They better think twice because they arent any better than the USA.
Our system is getting worse, no doubt about it. But its still a whole lot better than MOST other countries out there. The grass isnt really any greener on the other side.
Chile
The country they choose for their citizenship isn't necessarily the same as the one they choose to live in. Once they get past the US economic Berlin Wall, their options are a bit more open.
Some of them are going to the Caymans. Since the U.S. taxes the money U.S. citizens make abroad, some rich people are renouncing their citizenship.
They’ll go where the money has been going for the past 50 or so years - India, China, and other emerging third-world countries where profits are high and the regs minimal.