The federal government does something worse, you pay federal income tax on all income no matter where it is made and what country you are living in (with the exception of some deductions for income taxes paid to other countries one is living in). Other countries only make you pay taxes for income generated there.
Even if you give up US citizenship, which requires something like paying taxes on all unrealized gains and ten years of projected earnings before they let you out of the US, the feds still go after your estate for estate taxes when you die no matter how long you have been gone from the US.
And good luck getting back in for a visit after relinquishing your citizenship.
This all started with laws passed after the Dart family, wealthy for styrofoam cups, gave up their citizenship and left the US (how dare they!), see [1].
[1] https://www.latimes.com/archives/la-xpm-2008-jun-15-fi-perfi...