You are right that someone who is diabolical enough to be secretly making decisions that benefit his other allegiances, isn't necessarily going to change after doing the paperwork. People and specially bad people, after all, do tell lies and act diabolically.
But one aspect of renouncing another country's citizenship means also invalidating the passport issued by that country. This at least gives our border control a chance at restricting travel should the bad guy be caught out acting diabolically. (Jason Bourne/James Bond, false passports and foreign spy super powers notwithstanding)
Renouncing foreign citizenship is, in effect, an outward show by a good person that they are not having an each way bet. Its all in, boots and all. Thats not such a bad thing, deem warm fuzzies included. (Of course diabolical people can fake it).
As above. If unawares of foreign citizenship, immediately renouncing same at least demonstrates in good faith an "all in committment" to Oz. (Assuming the person is in good faith, a good person. The diabolical will fake it or cheat.)
All in all its not unlike the western marriage ceremony, yes? Many marriage vows reference "...forsaking all others" and keeping self only unto the marriage partner. Some thereafter do cheat more or less. Some do not. Yet we still see some worth in standing up in public and declaring an exclusive relationship.



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