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The statistics tell a different story. The plural of anecdote is not data.

• InclinedPlane 13y ago
  Statistics you say? Produce them. Please.
  • vacri 13y ago
    In the article, 6M expats, 1k renouncers. That's less than 0.02%. Taken over a year, it's still not enough to hit 0.1%. It's not like money would be flowing from these people anyway - they were hiding assets, according to the article, and now that those assets have to be disclosed, they want to cut the ties. These weren't people who were already contributing their fair share.
    • InclinedPlane 13y ago
      These are citizens, not statistics. A lot of people are choosing to renounce their citizenship not because they are hiding assets but because the burden of having to prove that they are not is becoming excessively onerous. Moreover, using statistics from when the program has just changed and pretending that a massive uptick in renunciations won't continue and will merely flatten out after a temporary bump is at best intellectually lazy and at worst dishonest and misleading.
      • vacri 13y ago
        Assuming that an uptick will increase exponentially isn't intellectually lazy or dishonest and misleading?
        • InclinedPlane 13y ago
          Who is assuming that? It's bad enough that it's increased substantially. Even if it increases sub-linearly it will be that much worse. Renouncing US citizenship should be a "big deal", but increasingly the IRS is forcing people into it, that's not the America that anyone should want.