Rich Democrats Worried About Trump Are Buying Second Citizenships
View Source | September 6, 2022 11:48 am
- So-called “golden visas” have become a white-hot status symbol among the ultra-rich in recent years. Some 30 countries now offer citizenship or residency by investment, which allows individuals to live and work in a foreign country simply by spending a lot of money there—a second citizenship starts at several hundred thousand dollars and stretches to several million.
- For a time, the clientele was also fairly conservative, driven by fears of a pending liberal “wealth tax” or—for the tech bros—a pending IPO that would result in a massive taxation event. Now, however, the demographics have begun to shift dramatically.
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