Wealthy people are renouncing American citizenship
They’ve been allowed for decades to avoid paying for the infrastructure and management of the country while simultaneously holding most of the influence.<p>“Renouncing citizenship” means they’ll  give up none of the influence, lose the taxes, live how and wherever they want.<p>The best thing to do is forbid them re-entry into the country nor to hold controlling interest in any company in the US.<p>Faced with actual consequences and true separation from the actual thing they care about (their source of wealth, not the country) they will reconsider. I’m not sure if this is a net plus, as they are a selfish lot.