An increasing number of wealthy Americans are applying for citizenship or residency in foreign countries as they prepare a “Plan B” for possible volatile conditions in the United States.
There are over a dozen countries who offer “golden passports” and visas to wealthy individuals and families in exchange for investment in their country, an incentive that many are now grabbing.
“We see these programs as an insurance policy,” Latitude Residency & Citizenship managing partner Ezzedeen Soleiman told Business Insider. “We’ve had some billionaires approach us and ask what’s the best place to live if there’s a climate catastrophe, of there’s another storm, or another global pandemic.”
Soleiman said that inquiries from U.S. citizens about such programs increased 300% between 2019 and 2021, while another citizenship broker, Henley & Partners, said sales to Americans jumped 327% between 2019 and 2020, and increased another 10% in 2021.
The one thing that all applicants have in common is a deep-rooted fear about the future of American society, industry insiders say.
“We’ve all lived through the past two and a half years,” said Reaz Jafri, CEO of Dasein Advisors. “It all just reminded us how vulnerable and fragile we are, and people who have means are accepting that it will happen again – and they don’t want to be caught off-guard.”
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5 Responses
Democrats are killing the country
Most children, grandchildren, great-grandchildren and on of Holocaust survivors are automatically and freely entitled to citizenship and passports from the county their (great…) grandparents lived in before World War II.
America is probably the best place to hide out from whatever disaster is driving you bonkers (whether climate, economic crash, war, bigotry, or someone you can’t stand winning an election). The USA is quite large with tremendous social, economic and geographic diversity, and has such economic and military strength that it is likely to be better situated to survive than anyone else.
That is why people from all over the world go to great lengths to get permission to live in the United States and to acquire an American passport. Except for those motivated by tax evasion or fears of extradition, there is little demand for foreign passports by Americans (other than those with legitimate reasons, usually tied to personal/family factors, to live abroad).
Shouldn’t every Jew want to live eventually in Eretz Yisroel?
BaltimoreMaven:
When Mashiach comes? Of course.
Until then? Not necessarily.
Eretz Yisrael is Hashem’s land. Living there means holding yourself to a higher standard. Also, assuming one would live in Zionist-controlled portions of E”Y, then living there also means fighting off Zionist shmad.