7 Reasons Why I'll Never Renounce My US Citizenship

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Jul 13, 2021

Guest

Erika Lind

In this engaging conversation, Erika Lind, a Canadian resident originally from the US, shares her decision to renounce her citizenship. She discusses the complexities of US taxation and banking as an expat, as well as her feelings of disconnection from American values. Kristin, on the other hand, passionately defends her choice to keep her citizenship, highlighting the importance of family ties and future opportunities. The duo explores the pros and cons of citizenship in a globalized world, making for a thought-provoking dialogue.

27:07

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Episode notes

The Case for Keeping US Citizenship: Pros and Cons Explored

00:00 • 19min

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Navigating the Decision: The Ties That Bind and the Paths to Freedom

19:13 • 8min

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Now that you've heard what it's like to renounce your US citizenship and how to do it, what about the other side of the story? What are some reasons you might want to keep your citizenship status?

Kristin explains why she's keeping her US citizenship forever, despite the many reasons people have for renouncing.

She also reads and reflects on some of the top comments from her video interview with Erika Lind on why she renounced her US citizenship and moved to Canada.

► Headed overseas? 🌍 Check out Kristin's favorite:

↳ Travel Medical Insurance

↳ Global Health Insurance

↳ Online Bank Account

EPISODE 116 TOPICS DISCUSSED:

The top reasons why people choose to renounce their US citizenship:
1. Cost and complexity of paying US taxes abroad
2. Difficulties of opening an offshore bank account
3. Marrying a non-US citizen abroad
4. Concerns about the political climate
5. Disappointed in the direction of the US government
6. Conflicting values and principles with US policy or culture
7. Feeling disconnected from the US; no strong ties
Why you might NOT want to renounce your US citizenship
Why Kristin decided she's not renouncing:
- Freedom
- Choices
- Family
- Global citizenship
- Travel restrictions
- Future uncertainty
- Losing your SSN
- And more
How to put a monetary value on time
Why Kristin doesn't think that the US government will ever repeal citizenship based taxation
The possibility of a global tax system in the future
How many people renounce their citizenship each year

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