Rich Americans are getting second passports, citing risk of instability
Rich Americans are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
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Cyprus.
Portugal, Malta, Greece and Italy
I wanted to make a comment about, sounds like a tax shelter more than fearing instability. US passport is still gonna work worldwide unless something goes really wrong. Nobody's telling you you have to do something like this to have a home in Cyprus if shit's going down back home.
And then I started thinking about it more. Yeah, I can see things going so badly wrong if Trump gets a second term that US banks back home won't be stable, US dollars won't be stable, US citizenship won't be the same opener of doors that it is right now, as of 5-10 years hence. I think this is unironically a very good idea. Not like it's GTFO time right now. But yeah, it's "let's make a contingency plan" time right now, if the US becomes neo-Russia for 20 or 30 years starting 2 or 3 years from now.
Like if a wealthy businessman was in Germany in 1931, do you think they would have been sensible to start making plans for a new place to have a full home base that wasn't Germany? Yeah I think they would have. it makes sense to me.
The rich are the ones that are stoking the instability though. Decades of pushing to make bribes legal, government only working for the wealthy, growing inequality, and they're surprised all of that is causing popular discontent.
"The rich" aren't a monolith. Some are neutral like MLK's favorite target the apathetic liberals, some are working on funding things they think will help some positive progress in the world, and some actively created (and are still creating) the poisonous breeding ground that led to the current apocalypse.
But also, yes.
NGL I was looking into what it would cost to buy residency abroad years ago. I have a career that is on the list for in demand skills some places that would make it a but easier.
But also I am way too poor for that shit.
The US passport will continue to work, the question is if you'd become a target because of it.
Remember during the first Trump term all these stories of Americans in Europe pretending to be Canadians? You would want to distance yourself as far as possible from the idiot gang.
In European colonies during World War 2, they absolutely rounded up German civilians to put in semi-prison as a potential threat, once it came to a big shooting war in Europe.
Now I'm not saying that's exactly how it would play out under Thousand-Year Reich 2 Electric Boogaloo, but the point is that while the "people might associate me with the idiot gang" ship has already sailed under Bush 2 and under Trump, there are plenty of other more significant boats that haven't pushed out yet.
Cyprus, Portugal, Malta, Greece, Italy
This is the list of EU countries that~~ are selling passport~~ have a "Citizen by investment" program.
I don't think any of the rich buying a Cypriot passport is planning to move to Cyprus.
They are just buying an passport that will allow them the move their business, money and maybe themselves in the European Union.
How much does it cost? Asking for a friend...
In 2015 we actually looked into The Netherlands a bit. At least at the time, under the terms of the Dutch-American Friendship Treaty it was possible to invest < €5k to tick the "benefit to Dutch national interests" requirement for long term residency (and thus a path to citizenship). Not sure if this holds true today.
And yes, the name of the treaty spells out "DAFT" haha.
I think it's between US$100k for some Caribbean countries to several millions.
And then I started thinking about it more. Yeah, I can see things going so badly wrong if Trump gets a second term that US banks back home won’t be stable, US dollars won’t be stable, US citizenship won’t be the same opener of doors that it is right now, as of 5-10 years hence. I think this is unironically a very good idea. Not like it’s GTFO time right now. But yeah, it’s “let’s make a contingency plan” time right now, if the US becomes neo-Russia for 20 or 30 years starting 2 or 3 years from now.
I'm not rich, but this is why I've been learning French (why French?) for several years now.
