Hundreds of wealthy people are renouncing their citizenship because the government is cracking down on tax havens. Who do you sympathize with more? (LINK)
The wealthy. The government means little to me and "citizenship" is quickly becoming meaningless.
Kinda proves someone with money may not have allegiance to a country, but to an economy... Good luck to them and don't come back to this great country.
It's just a symptom of the problem. Government only fixes symptoms, not actual problems.
They just seem to be very greedy assholes.
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I'm familiar with the rock star Tina Turner doing this. She now lives in Switzerland.
Didn't she actually do it for many other reasons?
A lot of these people are foreigners with green cards. They've been enjoying the perks of holding a US passport while hiding their overseas earnings in foreign banks. Now that those banks are reporting them, the passport isn't worth the cost.