Record Numbers of Americans Renounced Citizenship During Obama Years
Renouncing your citizenship is a big deal. It means you arre saying that you no longer want to be and American anymore, that you no longer want the protection of being an American when overseas, and you nno longer want the benefits of being an American when you're home.
With all the talk from the left about how they would leave the country if Trump were elected, it was interesting to find out, from a fellow writer at US News, that a record number of Americans renounced their citizenship while Obama was President. Apparently, more than in any time in the past, Americans saw a country going the wrong way, a country with taxes that were among the highest in the world, a country that was losing its way and no longer the beacon of freedom that it once was. A record number of people no longer see value or benefit in being American. How sad. But I can understand it when you've just had a decade of rule by a man that apparently likes immigrants more than American citizens, who apparently likes Iran more than America, who tried to implement a socialist system in America starting with our health care (ObamaCare) which finally, in his last year in office, imploded and turned out to be an abject failure.
In the chart above, the shocking number of 5400 people who renounced citizenship in 2016, during Obama's last year as President, shows that this massive acceleration of the number of Americans that simply say "I don't want to be American anymore" continued.
US News seemed to think that the primary explanation was the screwed up taxation that the US puts on people working overseas. They pay tax in the country they're working in, and the US, which has one of the only nationality based taxes, wants its money also as if you were working here, not abroad. Obama didn't care, he just wanted his money. He eliminated just about every tax incentive for companies and individuals to invest. The tax rate on individuals was so high, and was about to continue under Hillary who actually said she was going to RAISE our already chokingly high taxes! No wonder thousands of people left and renounced citizenship!
We think the reason goes deeper than just a few bucks. Americans don't make this kind of decision lightly. It's not in our culture to renounce our citizenship. Americans are, by and large, very proud of being American. So the explanation we have is that under Obama and with the prospect of Hillary being our President, record numbers of people renounced and left because they were DISGUSTED with what our country has become under the Democrats. A country in decline, with poverty ridden cities, tent cities, drugs and rape rampant in our cities, 20-30 people a night being shot in Chicago - a city out of control and run by an Obama Democrat, the influx of Islam into our political system, the buying off of the left by Islamic nations, the crookedness of Hillary Clinton and the entire DNC and the Main Stream Media in obvious collusion with the left. The arrogance of our President Obama, giving away our tax money to Iran, signing nuclear deals with Iran that they violated almost immediately, allowing the spread of terror throughout the world through inaction and outright support of terror sponsoring states. All of this we think led to DISGUST. That level of disgust is what Trump tapped into and used to win the Presidency. That level of disgust with the left is what may have saved us. And when it is combined with outrageous taxes and a government that was - and still is - hostile to business, you understand these people somewhat.