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Personally I look at it in a much more benign way: Billionaires that are bored and spending their money. It's not that they genuinely fear the future of Americ
by _fat_santa 4y ago
Personally I look at it in a much more benign way: Billionaires that are bored and spending their money.
It's not that they genuinely fear the future of American society, it's that they've run out of ideas to protect their wealth and getting a "golden passport" is the next logical step. It's a bit like a regular joe buying one of those "seed backup" (hunk of metal that you write your bitcoin seed phrase on) devices on Amazon.
What are the chances your house will burn down, leaving nothing except this indestructible seed phrase device? I'd say very low. The same can be said for the fears of these billionaires buying foreign passports. The chances of American "turning" is vanishingly small, but when you have money to burn, why not prepare for that scenario too.
- setgree 4y agoConventionally, insurance is a financial instrument designed to hedge against unlikely events, like a house fire. In the US, it’s easy to lose sight of this because we use a product called ‘insurance’ to pay for a bunch of regularly occurring expenses, like medical checkups, but that’s not really insurance, it’s a healthcare plan. Even if I thought the US was 99.5% likely to remain politically stable in my lifetime, I might still think a second passport is a good idea.
- Out_of_Characte 4y agoVery much this. Although sovereigns have alot of soft power over their citizens, There's very little they can do if you pack up and leave. You'd have to be china or north korea to influence this market of people leaving for greener pastures. Elites leaving is a telltale sign of instability.
- cto_of_antifa 4y ago