Except the passport obviously not all of it as I said. If you are paying that much tax then paying $2k to not be American isn't that high.
Now you mention it, renouncing citizenship seems relatively costly compared to e.g. the UK, though I have no idea what the average cost is for renunciation. Perhaps the UK is abnormally cheap! (EDIT: Should probably have pointed out that it's currently £144, or about $215.)
It would seem a shame if people felt they needed to renounce citizenship to avoid hassle/tax. Of course, some may argue that if they want to renounce at all, then perhaps they're not committed enough anyway, but I wouldn't argue that.
Canadians are not taxed abroad and they have better healthcare than the US. Same with Germany
No question that the USA has a lot of opportunities, but one thing they are #1 is sense of self-importance.