It’s no secret that America is a deeply troubled nation. Runaway crime, inflation, soaring obesity rates, poor health outcomes, the breakdown of social comity… the list is as well-known as it is interminable. Perhaps the most significant class divide in the next few years will be between those rich enough to walk away from the mess and those with no choice but to stay put and endure it.
“Wealthy US families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm,” CNBC reported earlier this month.
‘Passport Portfolios’ for Rich ‘Global Citizens’
“The wealthy are building these ‘passport portfolios’ – collections of second, and even third or fourth citizenships – in case they need to flee their home country,” the financial news site writes….
