I don’t get it. Is this supposed to be a negative story?

There are a lot of Americans going into retirement who can live extremely well on SS alone in some foreign countries. I bet they will get mixed in with the propaganda statistics.

And these would be the people that are screwed if electronic banking goes tits up for a short period.

They certainly want to paint it as a negative and give this impression that thousands upon thousands of good Americans are willingly giving up citizenship due to the loss of “Mom and Apple Pie traditions like open borders, DEI, gender surgery on little kids, etc.” all because of that evil Orange King who also “says mean things”.

So yes, MSMPravda very much wants to promote The Narrative that America is being lost because Progressive advances are finally being challenged and in some cases, greatly curtailed.

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And these would be the people that are screwed if electronic banking goes tits up for a short period

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Not really. Yes, it is very easy to live on SS alone in many, many countries, but people with the means to ex-pat, have much more to fall back on. Hell most keep bank accounts in their new country. It is very easy to set up a foreign back account. It is not taxable by tUSA, but you do have to report any account over $10K.

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Why thousands of Americans are giving up their citizenship

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More America for me bitches!

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Klatt was looking for “somewhere different to be” for a variety of personal and political reasons when she left the US in 2016. “So when I came to New Zealand, it just kind of all clicked,” she said.

It was through dairy farming that she met her English husband, who was similarly living and working in New Zealand.

The two became New Zealand citizens together in May 2025. That was also when Klatt decided it was time to shake her US citizenship.

“I never felt overly patriotic or connected to the country,” Klatt said

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Good for her .... and us.

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Often referred to as FATCA, the US law was enacted in 2010 but didn’t officially go into effect until 2014.

Most of the US citizens Americans Overseas advises are renouncing or considering renouncing their citizenship due to FATCA rather than political motivations, Durlacher said.

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Thanks Obama.

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A few thousand do each year. People like Piker will point to how it's a massive increase since 2009, but they'll purposely (or ignorantly) leave out that the increase is due almost completely on FATCA (Foreign Account Tax Compliance Act - a complex tax reporting system for Americans abroad, and for banking/compliance difficulties).

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I lived in Singapore from 2010 to 2014. One day, I had to get something notarized, and the only place that could do it was the Consular Services section at the embassy.

On the wall there, they had a professionally printed “Schedule of Fees” for things like visas, new passport, etc.

At the bottom, there was a handwritten addition for renouncing US citizenship. They’d never had to deal with it before.

There are two countries that tax their citizens on all income, regardless of where they live in the world. Most others have huge waivers once you spend more than half the year outside your citizenship country.

In the US, more than 30 days stateside gets you the full bill, and that includes coming back for business meetings or personal matters like a funeral. I had to account for every single day’s location every year.

The other country that taxes its citizens similarly: Eritrea.

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New Zealand

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I love how the people that call everyone racist moved to a country without Africans.