• So-called “golden visas” have become a white-hot status symbol among the ultra-rich in recent years. Some 30 countries now offer citizenship or residency by investment, which allows individuals to live and work in a foreign country simply by spending a lot of money there—a second citizenship starts at several hundred thousand dollars and stretches to several million.
• For a time, the clientele was also fairly conservative, driven by fears of a pending liberal “wealth tax” or—for the tech bros—a pending IPO that would result in a massive taxation event. Now, however, the demographics have begun to shift dramatically.

Tagged: Biden's America