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Originally Posted by tony286
They cant be taking their money that far if the market is high as it is.
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Not taking, took. Most of them are smart enough to have most of it offshore to begin with, and they know how to play the currency game. They are wealthy for a reason. And being able to drastically lower taxes, or in some cases pay none at all, it is a no brainer for them to leave. Various countries around the world are setting up entire areas for the wealthy who are leaving to resettle. Private airports and all.
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Originally Posted by theking
Name some of the "elite 1%" that are leaving "(in record numbers) taking their money with them"...as I say that is just more pigshit from you.
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That has been discussed on every major media outlet. The list is now published of everyone who renounces, as a way to attempt to name and shame them. But the joke is on the government, as they are now free for the first time in their life.
I know you are a flag waving dolt with a low IQ, but in order to renounce your citizenship, you have to have another one. And to get another one, it is
very expensive to just buy one outright as most are doing. The average dick head like yourself can not afford to renounce because unless he already has dual citizenship from somewhere else, he can not afford to just buy a new citizenship and has to still pay a lot of money AND spend a LOT of time making it happen. The wealthy elite just buy theirs. I know such a concept is foreign to you, but there is a big world outside of 'Merica, and you are obviously clueless as to how it works.
And since you're always too lazy to look something up for yourself, I'll leave you with a few quotes from the NY Post:
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As many as 8,000 US citizens are projected by immigration officials to renounce in 2012, or about 154 a week, versus 3,805 in 2011, or about 73 per week.
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High-net-worth individuals are making decisions that having a US passport just isn?t worth the cost anymore,? said Jim Duggan, a lawyer at Duggan Bertsch, which specializes in protecting assets of the wealthy.
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America?s rich are renouncing their citizenship at record levels.
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