The latest news reports reconfirm a continuing trend we at the Sovereign Society have observed since our founding in 1997; the most recent U.S. State Department figures for 2010 show the total number of U.S. citizens formally ending their citizenship is rising at double previous rates.
According to one web site, the 2010 figure was 1,485, but Bloomberg News lists 1,534. In both cases, the 2010 figure appears to be about double that for any year since 2003.
We at the Sovereign Society have noted sadly that each year hundreds of thousands of U.S. citizens and resident aliens have left America to make a new home in other nations, even though most of them do not renounced U.S citizenship. Admittedly, that number pales against the millions clamoring to get into the U.S., legally and otherwise.
But there’s a huge difference in the economic status of these two groups.
Although the current recession has slowed the pace, those seeking admission (or just illegally crossing our borders) are, by and large, poverty stricken persons desperately trying to better their lot with a new life in the Promised Land. They’ll settle for low-paying jobs, welfare, free education for their kids, and U.S. taxpayer subsidized housing and health care.
Those leaving are the wealthy and the talented – those who have had enough, thank you. (read more)
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