Dispatches from the Empire

Rich Americans get second passports, citing risk of instability

Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm.

The wealthy are building these “passport portfolios” — collections of second, and even third or fourth, citizenships — in case they need to flee their home country.

The super-rich make contingency plans when revolution (via warfare or taxation) is nigh.

This is a bellwether.