Property Grunt

Monday, April 26, 2010

Rich on the Run Part 2

More American Expatriates Give Up Citizenship

WASHINGTON — Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship.

“What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, an advocacy group based in Geneva. “Before, no one would dare mention to other Americans that they were even thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.”

In a previous entry I discussed how the rich are staging a tactical retreat due to taxes. Usually this sort of thing is temporary. But with taxes and confusing anti-terrorism rules that are being applied to honest hard working people outside of the United States.

Anyone who thinks that this is temporary and that things will change for the better have to stop getting high on their supply.

Just read the article below.

Hundreds Wait Days For Elevator Tech. Job Applications

These types of stories began popping up 2 years ago and they are just an indication that things have clearly not changed.