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Fears of unrest after US election, record number of rich want to leave the country

Trump has threatened to impose 100% tariffs on the carmaker Stellantis if it tries to move jobs from the US to Mexico

Nov 2, 2024 04:19 427

A record number of wealthy US citizens plan to leave the country "for a while" after the Nov. 5 presidential election, fearing unrest, CNBC reported.

Lawyers and employees of wealthy families are witnessing record demand from their clients to arrange long-term accommodation abroad. “We have never seen demand like this,” Dominic Volek, a member of the executive committee of the Henley & Partners, a group specializing in relocation and citizenship change services.

According to him, the number of US citizens planning to move to other countries is at least 30% higher than in 2023. Volek added that for the first time, wealthy Americans represent about 20% of the organization's entire client base.

As noted by CNBC, citing data from the Canadian consulting company Arton Capital, 53% of American millionaires said they would like to leave the country after the election, regardless of who wins. The figure is even higher among young people: 64% of American millionaires aged 18 to 29 say they are “very interested” from obtaining gold investment visas.

Representatives of the Republican and Democratic parties in the US Congress fear a possible increase in violence in the country after the presidential elections. Democrats polled by Axios think Republican presidential nominee Donald Trump is "almost certain" will want to challenge the election results if defeated. At the same time, Republicans point out that there will be a "real threat" if Kamala Harris, a contender for the highest Democratic state office, loses and Democrats cannot accept the victory of the opponent.

Amid such concerns, federal and local law enforcement agencies have already begun beefing up security in Washington ahead of Election Day, with Capitol Police conducting evacuation drills.

Former President and Republican candidate Donald Trump promised yesterday that if elected he would impose 100% tariffs on the international automotive corporation "Stelantis" in case the car manufacturer tried to move jobs from the US to Mexico, Reuters reported, quoted by BTA.

Trump said this at a campaign event in the contested state of Michigan, where another speaker said the company was sending Chrysler, which is owned by Stellantis, to Mexico for production.

"Tell the Stellantis that if they plan to move, we're going to put a 100% tariff on every car ... and they won't move,'' Trump said.

A state judge has ordered the Erie County Board of Elections in Pennsylvania to issue ballots to nearly 17,000 voters who did not receive the requested mail-in ballot forms before the Nov. 5 election, Reuters reported, citing from BTA.

The Democratic Party in this swing state has filed a lawsuit against the county election board, challenging its delay in sending out 10,000 to 20,000 mail-in ballots requested by voters.

In the lawsuit, Democrats say the omission caused "significant delays and difficulties in voting" and the voting rights of many voters were potentially violated.

Pennsylvania is one of seven swing states that will likely determine who wins the presidential election.

With its 19 electoral votes, Pennsylvania could carry the biggest prize among swing states, and both Democrats and Republicans see victory there as a must. Erie County is considered one of the most contested counties.

Election officials in Cobb, the third-largest county in the U.S. state of Georgia, said they were late mailing more than 3,000 absentee ballots to absentee voters just days before the election and may not be counted, the Associated Press reported. press, quoted by BTA.

Electoral officials in Cobb County, located north of the state capital Atlanta, used the U.S. Postal Service's express mail and UPS overnight delivery services in an effort to deliver the ballots on time.

Mail-in ballots must be returned by the end of Election Day next Tuesday to be counted.