The Daily Wire reports nearly 6000 Americans renounced U.S. citizenship in favor of some other nationality in the first six months of 2020. That's roughly 0.00181% or 1 of every 55,000 citizens, not precisely an avalanche.
In the first six months of 2020, a whopping 5,816 Americans renounced their citizenship, more than twice the number who renounced in all of 2019. The first six months also showed a massive increase over the previous six months – a 1,210% increase from the 444 people who renounced during that time.
The article identifies complications of the IRS tax code for overseas residents as a major reason for changing citizenship. The author tries to ascribe some of the renunciations to Trump, but that doesn't explain the increase over the prior years, as he's been President since early 2017.
I don't have a problem with people giving up citizenship, as long as they do it before the election. I'd rather grumpy souls didn't vote.
