Felix Salmon observes that many of the global 1% have "broken the bounds of national identity, and have basically created a stateless stratospheric sovereignty of their very own":
In a way it’s reassuring that America’s billionaires are still so civic-minded that they buy laws and political parties: it’s a sign that they’re invested in the country and are here for the foreseeable. And the one law they’re not going to repeal any time soon is the most important one — the one which says that US citizens have to pay US federal taxes on their global income, no matter where they live. (Or at least demonstrate that they’ve paid at least that much in taxes elsewhere.) American plutocrats, almost uniquely, are tied to their home country in a way that other members of the global elite can barely imagine.
Chrystia Freeland covered similar ground in her Atlantic cover story last year. Dish coverage here, here, here and here.
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