Seems like it’s a well known fact that being poor or even middle class (if that will even exist anymore) in the US disposes one to a very low quality of life (e.g., living in areas with higher crime rates, bad healthcare, the most obvious being cost of living, …etc)
On the flip side, what are some reasons why the top 1-5% percentile would also want to leave the US? (e.g., taxes/financial benefits, no longer aligning with the culture? I would assume mainly the former)
If you are in the top 1-5%, is living in the US still the best place to live? (as many people would like to suggest)
Taxes. The co founder of FB moved to Singapore where I live for that reason. Singapore top tax rate is 23% and there is no cap gains or estate tax.
He did more than just move he renounced citizenship
Yes good point. Without relinquishing US citizenship he’d still be subject to the draconian global tax regime that only the US and Eritrea practice.