If I understand you correctly, you mean that wealthy americans who have built th... | Hacker News

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		catears on Aug 18, 2020 \| parent \| context \| favorite \| on: Modeling a Wealth Tax If I understand you correctly, you mean that wealthy americans who have built their fortune and life in america will choose to not only leave but also revoke their citizenship and leave the US? All because they have to pay more money than before in taxes? Personally, I don't think all millionares and billionares are willing to leave their life and family behind because of a some dollars in federal tax...

andrewtbham on Aug 18, 2020 [–]

Yes. Many US tech founders weren't born in America. So they would be going back to their families. And taking their immediate families with them.

Eduard Saverin (facebook) did renounce his citizenship.

There are many immigrant founders: Elon Musk (South Africa, Canada), Sergey Brin (Russia).

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