According to CNBC, citing expert analysis, a record number of wealthy Americans are planning to leave the United States due to concerns about post election riots.
According to reports, immigration lawyers have stated that an increasing number of wealthy Americans are planning to leave the United States on the eve of the November 5th election, as many are concerned about political and social unrest regardless of who wins.
The report points out that lawyers and consultants from high-income families have found a historic high in demand from clients seeking a second passport or long-term residency abroad.
Dominic Wolleck, the head of the private client department at Heinz Consulting, which provides international immigration advice to the wealthy, said, “We have never seen such a demand before.” He said that for the first time, wealthy Americans have become the company’s largest customer base, accounting for 20% of its customer base, more than any other country.
Volcker also said that the number of Americans planning to emigrate overseas has increased by at least 30% compared with 2023.
A survey found that 53% of American millionaires say they are more likely to leave the United States after the election, regardless of who is elected.
A spokesperson for an international tax and immigration company stated that over the past thirty years, American clients have primarily considered relocating overseas due to tax reasons, and now politics and concerns about violent incidents have increased this demand.
According to reports, lawyers have stated that the reasons why wealthy individuals are considering leaving include mass shootings, potential political violence, and the soaring debt in the United States.