The US State Department's own numbers show that it is not the 1% relinquishing citizenship, It's normal Americans living and working overseas for long periods of time. These people are prevented from basic logistics required for having a life like opening and using a checking account.
I think of it this way: how insane would it be if my wife, a Russian citizen and US permanent resident who's lived and worked in the US for 12 years, could not open a checking account and was required by law to file taxes to the Russian Federation for her American high school teaching job?
I think of it this way: how insane would it be if my wife, a Russian citizen and US permanent resident who's lived and worked in the US for 12 years, could not open a checking account and was required by law to file taxes to the Russian Federation for her American high school teaching job?