If a person chooses to renounce there U.S. citizenship their wealth would be noted at that time and that wealth would be taxed in perpetuity and would continue to be under currency and capital controls to limit expatriation.

I didn’t expect there would be any fans of “taxation without representation” left.

But, whatever. As I pointed out in my other post to you, it doesn’t work like that. Fortunately, others have done the math:


Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store