Second passports not just a “trophy” for the ultra-wealthy

"I didn’t do it as a status symbol. I did it because having a second passport is the ultimate insurance policy. It ensures that no matter what, you always have a place to go. To live. To work. To do business. To retire. And in some cases, even seek refuge. It also allows you more banking options, so you can move money out of your home jurisdiction (protecting your friends from frivolous lawsuits and overreaching governments). And even if you never end up needing or using your second passport, you will never be worse off for acquiring one."

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Donald Trump’s Tax Cuts and Jobs Act: the expat American’s perspective

"It’s safe to say that we will continue to see many US citizens who live abroad renouncing their US citizenships, possibly still in record-setting numbers. This is not because they don’t love the USA, or because they are greedy tax evaders, but because they simply can’t afford the cost of compliance, which, as a result of FATCA, includes the inability to maintain bank and investment relationships abroad, and frequently, the need to pay tax to two governments on the same piece of income. Indeed, it’s fair to say that the Tax Cuts and Jobs Act doesn’t really contain any positive changes for US expats."

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