One of the outcomes of the recent U.S. election was both the threat of some disaffected Americans that they would leave the country. And of course, some of the Americans whose candidate was victorious gleefully invited those fellow citizens to leave. Ironically, most of those grumbling will do nothing, and some of those telling them to leave would have been making the same threats had their candidate lost.
The truth is that for those who are eligible for a second citizenship, obtaining one is a great insurance policy against what may come. On the fringes of each group, there are people whose ideas, if they gain traction, could impinge on your freedom. There are those who believe your right to speak should be limited, others who want to take your right to bear arms, and many who believe they have the right to take what you have by force.
This year, a candidate from the right won—but just. The popular votes were almost equal, and with very little imagination right now those on the left could be crowing while extremists on the right threatened revolution.
Political winds change, and in the United States, many are looking not only to win but to ensure their opponents lose and feel pain. Today’s winner can be tomorrow’s loser.
You can sit there and rail against the other side, or you can obtain insurance against the risks of political upheaval. The way to obtain this insurance is to internationalize both yourself and your assets. And one way to do that is to obtain second citizenship for yourself and your family in another country.
For some, it may be as simple as applying based on your heritage, to obtain a citizenship by ancestry. Countries such as Ireland, Italy, Poland and Hungary all offer citizenship programs for people who can make certain proofs of ancestry.
Other countries make it even easier—for a price. For economic contributions, there are countries willing to provide you and your family instant citizenship. There are a number of countries in the Caribbean and a few in Europe willing to provide you and your family citizenship for a qualifying investment. That investment in some cases takes the form of a non-refundable “contribution,” sometimes it involves the purchase of qualifying real estate, and in other cases it may be a qualifying (but ultimately refundable) investment in other approved investment vehicles.
If you’re unhappy with the results of this year’s election, there’s something you can do about it. And you know what? Even if you are happy with the results of this year’s election, you might want to consider that things could change. But one insurance against the uncertainties of “winner takes all” politics is to obtain a second citizenship.