Maybe. That is what the Bloomberg Business Week Headline says. Since this is a story about Switzerland, it is a good attention catching headline which plays upon a bias that all Americans living in Switzerland must be wealthy. Or, I would bet, it is an editor choosing a title to catch attention. That is what they do! I thought I would post it, in case some of you have not yet seen the story. I also wanted to point out that Andy Sundberg has been prominently mentioned at the beginning of the article.
About 1,780 expatriates gave up their nationality at U.S. embassies last year, up from 235 in 2008, according to Andy Sundberg, secretary of Geneva’s Overseas American Academy, citing figures from the government’s Federal Register. The embassy in Bern, the Swiss capital, redeployed staff to clear a backlog as Americans queued to relinquish their passports.
Some of you may recall, that I have previously posted several of his commentaries here, here, here, here and here. If you are not familiar with Andy, or his commentary, you might want to take some time to review them and his background.