Why More U.S. Expatriates Are Turning In Their Passports

I used to be - in my youth - something of a world traveler and spent several years living abroad. Then it was a point of pride and honor to be an American citizen, and you never had problem with getting money in dollars and getting a good exchange rate from banks. It seems that times have changed. Our tax system is broken in more ways than just this one issue (of taxing Americans who live abroad), and we are due for a real overhaul. But expecting anything good to come from this Administration when it comes to taxes is foolish. Obama has no regard whatever for the individual citizen and his desire to live a life of freedom, financially or otherwise. While Obama didn't get us into this mess, he will be the last person to help get us out. We're stuck. I have to say that contrary to my gut on this I sympathize with the American expatriates and understand completely their feelings and needs to separate themselves from their beloved country. It's more than sad, and I cannot say that in their spot I would do any differently.