In response to:

Facebook Billionaire Gives Up Citizenship to Escape Bad American Tax Policy

Tree11 Wrote: May 12, 2012 9:03 AM
You can go to other places with better climate, food and culture without giving up your citizenship. You cannot go anywhere wthout the IRS following you if you are a U.S. citizen.

It is very sad that America’s tax system is so onerous that some rich people feel they have no choice but to give up U.S. citizenship in order to protect their family finances.

I’ve written about this issue before, particularly in the context of Obama’s class-warfare policies leading to an increase in the number of Americans “voting with their feet” for places with less punitive tax regimes.

We now have a very high-profile tax expatriate. One of the founders of Facebook is escaping for...

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