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In most cases, paying a tax-preparer to do the annoyance for you is far less hassle than dealing with both trying to get rid of citizenship, and trying to attain citizenship in another country where you would like living.

Perhaps some European country would like to start offering citizenship to anyone that renounces US citizenship, as a way to encourage immigration of skilled and high net worth individuals.

Be careful there. It's explicitly illegal to resign one's U.S. citizenship for the purpose of reducing one's tax bill.

For instance, Saverin nominally gave up his U.S. citizenship in order to make doing business in S.E. Asia easier.

This is not entirely accurate. Read further:

http://en.wikipedia.org/wiki/Renunciation_of_citizenship#Tax...

That's not exactly an easy or consequence-free thing to do.

Eduardo Saverin's a good example. Of course, he did have the benefit of dual citizenship (Brazil).