Quote:
Originally Posted by JPhillips
Why would most rich people even do this? If you have that much money you can come to the US any time you want and stay for as long as you want. America is attractive for immigrants who believe it offers a better opportunity, but if you're already successful, what do you get?
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It's to hedge (with dual citizenship or permanent residency) from political stability like China & Russia.
I'd think it's also to hedge for the future of their immediate family and future generations if their country is threatened like Hong Kong, Taiwan etc.
And for many, I'd think also for tax purposes.