Axios reported that an all-time high 6,707 people gave up their U.S. citizenship in 2020. That was a 237% increase over 2019.
"Considering that most people who fled were ultrawealthy seeking to reduce their tax burden, that trend could accelerate due to the Biden administration proposing an increase of the top capital gains tax to 43.4% and new estate tax measures."
That's a huge tax base leaving the country and it's not over yet. When it's going to cost some of these people millions of dollars each year if they stay, it's hard to hold them accountable for wanting to leave our Republic. Liberal logic is a scary thing.