Why are Americans giving up their citizenship?

BBC ^ | 26 September 2013 | Tom Geoghegan

[PotatoHeadMick]

The number of Americans giving up their citizenship has rocketed this year - partly, it's thought, because of a new tax law that has frustrated many ex-pats.

Goodbye, US passport.

That's not a concept that Americans contemplate lightly. But it's one that many of them seem to be considering - and acting on.

The number of expatriates renouncing their US citizenship surged in the second quarter of 2013, compared with the same period the year before - 1,131 cases to 189 in 2012.

The list is compiled by the Federal Register and while no reasons are given, the big looming factor seems to be tax.

[AmericanInTokyo]

BINGO

[wmfights]

I just read an article that in several States Blue Cross Blue Shield will be the only insurance company for a majority of counties on that State exchange. It doesn't take a rocket scientist to see whats going to happen as these monopolies are established and grow.

Blue Cross Blue Shield will become a quasi-govt agency and will do the bidding of it's masters in the govt. bureaucracy. The customer/serf will do as they are told and health care will be rationed for all except those in power.

I don't intend to comply. I am trying to establish bank accounts in Panama and purchase property there. The health care there is good and if they don't have something I can go across the border to Costa Rica or across the ocean to India, Singapore, or the Philippines.