Mastodawn

return2ozma Apr 11, 2024

Rich Americans are getting second passports, citing risk of instability

https://lemmy.world/post/14183634

Rich Americans are getting second passports, citing risk of instability - Lemmy.World

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Jo Miran Apr 11, 2024

There’s no downside if you can do it and extreme wealth is only a requirement if some of the many offers don’t apply to you. Spain was basically giving away citizenship a few years back. Bulgaria is pretty open.

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DevCat Apr 12, 2024

I’ve lived in the US for quite a few decades, but I’m still a German citizen. When asked why I don’t take US citizenship, I give a three-part answer:

I don’t believe you can owe allegiance to two different entities at the same time.

Between a German EU passport and a US Green Card, I can travel almost anywhere in the world.

I f I ever run into legal troubles, first call is to the wife, second goes to the embassy.

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Breve

Another thing to consider is that US citizens must pay taxes on all foreign income and investments even if they leave to live outside the US. This is why the US has made renouncing US citizenship expensive and complicated, like even after you renounce it you still have to pay US taxes for 10 more years despite losing the rest of your citizenship privileges immediately.