How to Survive Kamala Harris's "Tax Armageddon"

[@nomadcapitalist]

Will Donald Trump end "double taxation" of US expats? Watch our breakdown of the scenarios likely to unfold if Trump wins the election: kzbin.info/www/bejne/eGWwaIiVfZalkMU

[@Renderlesscharacter2454]

he will do nothing as always, jut words and loud screaming CHINA CHINA

[@macaccount4315]

@@nomadcapitalist honestly NO. He’s just an idiot. Too dumb to know jack! 1000 percent tariffs 🤣

[@Misaka-gt5yj]

@@Renderlesscharacter2454 better than Kamala screaming TAX TAX TAX you to oblivion

[@yosefmacgruber1920]

@@Renderlesscharacter2454 Current President Trump seems far more likely to actually "do something" than most pathetic Republi-crats. I am hearing stuff about that people voting for Trump need to also vote "down ballot" to give Trump the support that he needs. The Democrats are outright criminals and Marxists. Their base seems to be drying up, as the people figure out that Democrats care nothing about the people and only pretend to care when it comes election time. Who needs "friends" like that, quick to stab us in the back, and making false promises that they have no intention to keep? Trump is saying quite a lot of the right things, something that Democrats do not even say the right things.

[@ringerbart]

I'm from belgium, I've been living in this armageddon for my whole life. I'v seen the government take sums that most people not even make in their whole life. On top of inheritance tax, the government here has one the highest tax rates in the world and surprise surprise, the debt here is also one of the biggest in the world with very low service value for money. 70% of Belgians get their money from the government. You had to start early collecting physical assets and btc to pass on. If Kamala would really go through with this insanity that we already have, it's already too late sorry but thanks anyway for holding the fiat bags all these years 🤝

[@user-ps7rr1no6n]

Belgium also has phenomenal infrastructure, healthcare, and schools.

[@ringerbart]

​@@user-ps7rr1no6nphenomenal 😂 You're either not from Belgium or payed by the government so you can't really talk bad about your boss 🤷

[@RRaymer]

@@user-ps7rr1no6n You do not live in Belgium or have been in the country if you believe this statement

[@ssuwandi3240]

Because Socialism cannot work forever. Jusr ask the Argentinian folks here

[@fortheloveofnoise]

​@@ssuwandi3240it can work forever if the population of the nation is kept under 20 people for ever

[@ItsTimePictures]

Taxing children for inheriting their parent's home is evil. For most families, that house is the entirety of any and all wealth that was accumulated over the decades. For many, the kids will be forced to sell the house to pay the tax. Times have become that difficult. I am seeing it everywhere. My parents have been hit hard. Divorce and Covid wiped me out. Inflation is killing my bottom line. More taxes of any kind is insanity.

[@JessB009]

Exactly why I started a business to combat this.

[@antonnnn464]

The proposed plan speaks about lowering the threshold for paying taxes from $13.6M to 3.2M. It basically impacts roughly 1% reachest Americans. Their heirs were born with a silver spoon in their mouths, and paying extra won't hurt much their financials. Passing away is not the reason for not paying taxes on inherited capital gains and properties appreciation. It works this way in all developed countries except the US.

[@mrbHanoi]

The 60% that pay 10% dont care.

[@dsoule4902]

It's about ending private property

[@pokettomonsta]

​@@antonnnn464 you blind

[@iammrbeat]

Fun fact. Congress passes laws, not the president. Congress would have to approve of any tax change. This is basic civics.

[@sammmmmyyyyy]

Congress hates the country lol. Ofcourse they’ll pass

[@pazsugarspice]

There is an executive order though.

[@HueyFreeman-l7m]

Lol as if the American government of today care lulz. You think basic civics still apply! XD

[@magnolya8]

Maybe. If not for the fact the school system itself is a lie

[@Ronaldo78781]

Its her agenda. You must be a liberal

[@ClayneBanks]

Children inheriting their parent’s home and taxing them for it is pure Evil.

[@ClayneBanks]

Wealthy Americans will either stay and be bilked or they leave

[@BraddPaisley]

Managing Money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times, while orders tend to avoid them. Well, at least my advisor does too.

[@BraddPaisley]

my friend you might be missing out on some valuable opportunities and strategies that a finance advisor can offer. A finance advisor can help you plan for your short term and long-term goals, optimize the tax situation, diversify your portfolio, and avoid costly mistakes. I agree with you.A finance advisor can also provide you with objective and unbiased advice, especially when you are facing emotional or stressful situations.They can help you stay on track and avoid making an impulsive decisions that can harm your financial future

[@yosefmacgruber1920]

The income tax is unjust and property taxes are unjust, especially upon the primary home. Why would we pay for our homes, rent them from the government, and pay tax on something already paid for? The 16th Amendment that supposedly authorized the income tax, was never ratified, and there is not Part 2 section describing any means of enforcement. Why are Americans so willingly deceived? The 13th Amendment experienced an illegal switcheroo. The Preamble to the Bill of Rights said that there would be no more Amendments after the first 10.

[@user-er5vn8qt7e]

Has been around on the netherlands for a long time

[@burn2406]

I've also noticed over the years that these politicians don't say "tax the millionaires" anymore because that is all of them now. They say "tax the billionaires" because they're somehow the bad guys. I can't wait to leave this country. I'm so tired of the same politics that never change. People never learn.

[@lee_gaming0114]

When the become billionaire, they will say " tax the poor".

[@armyantlocsta]

You’re not a billionaire; Trump is.

[@burn2406]

@armyantlocsta correct. Lol what's your point?

[@l.k.7940]

Nobody needs to be a billionaire!! That's too much power for 1 person or even 2. The ones that are and become such need to be incentivized to as in Scandinavia to help the economies with jobs and development etc.

[@LyransArc]

VERY well said with the comparison to the toxic relationship. It's significant beyond the obvious. We're experiencing a peak of narcissism with all the corruption. Everyone is seeing it somewhere.

[@l.k.7940]

He's talking a bunch of Alarmist Baloney. Ask Mark Cuban.

[@chrislee176]

My wallet, my choice.

[@bobnankervis9722]

If the US govt took 100% of all the billionaires wealth, at current spending, it wouldn't fund the US govt for one year. Then where would the taxes come from? Then where would the jobs come from? Have you ever had a job working for a poor person?

[@christopher5692]

They print up so much brand new money every year they don’t even need to collect taxes. They only collect taxes to keep the citizens in check. If they needed more money for anything, they just print it up. If the citizens get too loud, they raise the taxes.

[@JessB009]

It’s an endlessly parasitic entity. I consider just about every department of the government a joke and far from respectable the US has gone down hill and incompetence has been running rampant. I’m not footing the bill for their poor spending, inflation and the economy that they’re ruining. I refuse to be any outside entities collateral damage.

[@budbas]

Then what is the benefit for being American ?

[@HueyFreeman-l7m]

​@@budbasthere is none. That is the point. so prepare an international backup plan or get fucked

[@akultisgod5538]

after they eat the rich everyone starves

[@Peter-m5n7m]

"Give back"?! WTF DID I TAKE?! FYI, I PAID CASH FOR EVERY GOVERNMENT SERVICE I'VE RECEIVED!!!

[@infiad1275]

And why do I have to give more than others? I didn't get anything extra!

[@JessB009]

The government in the US started out as an idealistic Ponzi scheme at the birth of its conception. Now it’s a bunch of thieves backed by corrupt and self serving foot soldiers that are as dangerous as they are indoctrinated (and equally stupid). If you’re smart you’ll get out while you can. At least another citizenship.

[@paulnewsom8525]

We have a graduated income tax in this country. You pay more if you make more, but not so much that you're prohibited from accumulating wealth.

[@Peter-m5n7m]

@@paulnewsom8525, "We hold these truths to be self-evident that all men are created EQUAL!" What part of "EQUAL" do you not get?! The EQUAL, or tge EQUAL?

[@patrickfreeman8257]

Taking "rich people's money"? Who are you calling rich? I'm making just under 6 figures, I pay all year long and then have to pay more in April. Nobody paid off my college education. I got my degree the old fashioned way. I earned it.

[@l.k.7940]

Nobody saying that! They talking about fairer taxes.

[@themetalhead1463]

@@l.k.7940fairer taxes? About half of the country already pays zero taxes. You don’t tax a nation into prosperity. You mean punish someone for success. At some point, there will be no incentive to innovate or develop marketable skills. Tax the corporations and they pass the cost along to consumers. “They talking about”… you sound like a mental midget. We have a progressive income tax already.

[@llee8325]

​@@l.k.7940 The top 10% of earners pay about 86% of ALL the taxes collected! So what's their "fair share"?? 90%? 95%??

[@l.k.7940]

@@llee8325 As per percentage the top 10% pay lower rates than anybody else! also, many of them hide much of their money in offshore and other ways! It is fair however if they are being incentivized with low tax rates in exchange for investing significantly in the economy and or other ways in the country just as in the Scandinavian countries, and the poor shouldn't be charged any taxes at all.

[@brunozachary]

That “feeling” is freedom.

[@argentaamore]

Welcome to Bahrain 1. Personal Tax: 0 2. Coporate Tax: 0 3. Capital Gains Tax: 0 4. Inheritance Tax: 0 5. Dividens Tax: 0 6. Tax on Income from other countries: 0 7. Tax on stocks, bonds, crypto: 0 8. VAT: 10% 9. Investor Resident Visa: 5 years 10. Sunny white sand beaches: Yes 11. Seaside living: Yes 12. Cost of Luxury 3 bedroom Seaview apartment: $ 400K 13. Cost of beachfront 600m2 villa with private beach: $ 1.7M 14. Healthcare: Very high standard 15. Shopping Malls: Every 10 mins away and with full options 16. Schools: International schools freely available 17. Government support for businesses to set up: Yes 18. Real Estate Can Be purchased by foreigner: Yes 19. Company can be owned by foreigner: Yes 100% 20. Safety: Yes. One of the safest places on the world 21. Religious Freedom: Yes there are mosques, churches & temples

[@mattanderson6672]

Brilliant analysis Thank you Sir Fantastic discussion Always appreciate you, and the work you do Andrew

[@nomadcapitalist]

Thank you for the kind words.

[@digipifini]

Geez Andrew, I want to sip caviar out of a supermodel’s naval… best line ever 😂😂😂

[@stuck-in-the-80s-e5h]

Or something stronger....

[@crypticnomad]

One interesting observation I've made when looking at the total tax burden for the average resident of the U.S. compared to much of Latin America is that Americans are essentially getting a worse deal in relative terms. For example, in the U.S., the total tax burden for the average American is around 37.53%, meaning that after paying all taxes-such as income tax, sales tax, etc.-they are left with roughly 62.47% of their income. In Mexico, the tax burden is between 27-37%, in Brazil it's 29-38%, in Argentina it's 41-46%, in Chile it's 38-49%, and in Colombia it's 26-37%. In Europe, we have Germany at 47-55%, France at 45-55%, and Sweden at 52-65%. While the tax burdens in Latin America are fairly comparable to that of the U.S., the biggest difference lies in the availability of socialized healthcare in these countries. If we treat healthcare costs in the U.S. as an additional tax, Americans would likely be in one of the highest tax brackets in the world. Most estimates say Americans spend on average 17-18% of their income on on health care when considering premiums, out-of-pocket expenses, and other costs. When added to the typical tax burden (around 37.53%), this would push the total "tax-like" burden (taxes + healthcare) closer to 54-55% of total income, putting Americans in a tax-equivalent range comparable to high-tax countries like Germany and Sweden, where healthcare is already included in taxes.

[@l.k.7940]

And yet Scandinavian countries remain the best for humanity in general, except for the climate of course and the terrible long winter nights.

[@IvySnowFillyVideos]

Great comment

[@HueyFreeman-l7m]

​@@l.k.7940lol sure normtard. As Europe becomes culturally decimated by invading Africans and Middle Eastern refugees. Lol good luck to Scandinavia. Europe is 10 years ahead of the US in terms of collapse trajectory

[@crypticnomad]

​@@IvySnowFillyVideos One thing I didn’t consider was the effect of inflation on people in a country. Inflation can be framed as another form of tax, built into the currency and somewhat hidden. For example, just by looking at tax percentages, it might seem that people in Argentina should be in a better financial situation than those in Scandinavian countries, since their taxes include many of the same types of benefits. However, the Argentine peso has experienced roughly 180% inflation year-to-date. With a nominal tax burden of 41-46% and inflation of 180%, the real financial burden on an individual is significantly higher. Effectively, the real value of their income could decrease by more than 50% due to inflation, leaving them with much less purchasing power after accounting for both taxes and inflation. In fact, inflation appears to wipe out any post-tax income entirely, leading to a negative impact on real income. For example, if we look at Mexico, which has a tax burden of 27-37% and an average inflation rate of 3-5%, the real financial burden for a Mexican citizen falls between 29% and 40%. When inflation is factored in for Americans, the real burden rises beyond the original estimate of 54-55%. With 3% inflation, the burden becomes approximately 56.9%, and with 8% inflation, it increases to 60.03%. This puts Americans in an even higher tax-equivalent range, exceeding many countries with socialized healthcare, such as Sweden or Germany, where healthcare is already included in taxes. This highlights that inflation has a significant impact on real purchasing power and needs to be considered alongside taxes and healthcare when analyzing the overall financial burden on citizens of any country.

[@llee8325]

​@@l.k.7940 And violent Muslims who never work, have 12 kids, and have turned Sweden's system upside down.

[@GarretVify]

Absolutely crazy how you can have six figures in the bank and that’s not wealthy anymore. Even a couple million is not safe and they’re gonna want a huge chunk of it.

[@llee8325]

Govt has a bottomless appetite for your money. It will NEVER be enough!

[@KJsiete]

I’m an only child, my dad has multiple properties in multiple states, all willed to me when he passes. Double edged sword

[@Peter-m5n7m]

Just a suggestion: Have your father Amend ownership to 'he' OR 'you'. Instead 'he' AND 'you'.

[@pierredoyon9283]

Or just put the properties in a family trust and you will never pay inheritance taxes for real estate. You will however still pay property taxes and insurance. They could get your real estate that way.

[@alaskanwhiskey]

Trust. Come on man do your research.

[@Peter-m5n7m]

@@alaskanwhiskey, Which type of trust?

[@Peter-m5n7m]

@@1stduncanfan, Does a family trust/living trust provide asset protection from creditors?

[@alancosens]

Can you do a video which covers the topic of vaccination requirements or lack of requirements for various countries? This information seems to be incredibly difficult to find. In other words, if I want to become a resident of one of, say, the top 15 countries that you consider, which of them will force me to vaccinate and which won't, are there exemptions, etc?

[@andrecaron6195]

In the Scandinavian countries rich people are paying a lot of tax. How come they don't leave their homelands? Are they blind or stupid? Do they call you to get some advices? In Denmark the tax rate is high but you get in exchange a peaceful society.

[@joebidet2050]

Alot do

[@l.k.7940]

Correction: 1. They pay lower taxes there in exchange for investing in good paying jobs! 2. Yes, a result of higher taxes overall they do get a lot of good benefits and not letting people become desperate and criminals.

[@stevo728822]

No. The owners of Lego and Ikea pay hardly any corporation tax.

[@turbokid8719]

It’s a western country all western countries are going under 😂

[@DuanJB]

*so harris make new and more tax for american for who? israel and ukrainian? oh wow suprise*

[@jimb3093]

If Kamala wins that will accelerate my leaving the U.S. I’m out! Absolute dumpster fire.

[@benperrotte6946]

I don’t blame you. Kamala wins, I’m outta this dumpster fire!!

[@pedalingparson]

There is a very easy way to avoid Kamageddon--don't vote for the rambling idiot.

[@tariqramadan1521]

Unfortunately lots of people will vote for her

[@davidowens1424]

LOL, yep. She's not going to win

[@user-ld6wo4rv8h]

@@davidowens1424she will win. Too many dumb women will vote for her.

[@user-ld6wo4rv8h]

It’s not easy. Your vote doesn’t matter. Only fefail votes and she will win. Enjoy the collapse of the empire.

[@danrattigan96]

Don’t vote for the “rambling idiot”? Got it. Just checking, you are referring to the one who talks about windmills causing cancer, sharks and batteries, Hannibal Lecter, Haitians eating pets, “beautiful circles”, the definition of the word “grocery”… that “rambling idiot”?

[@macaccount4315]

The lousy part for Americans who want to escape, they cannot without significant exit taxes

[@HueyFreeman-l7m]

Might as well just not pay and never expect to return as the US hegemony disappears over time.

[@macaccount4315]

@@HueyFreeman-l7m if it was only that simple. You cannot take your noncash assets out of the US without paying capital gains nor can you collect social security without having to pay taxes. So practically speaking, it’s just impossible to escape the USA. I have 4 passports and wish I could just give up the US. It just doesn’t work that way

[@the_aj_system]

​@@macaccount4315right. One has to leave early in life or before accumulating significant assets, wealth. Maybe I'll leave before all that 😀

[@macaccount4315]

@@the_aj_system that is exactly true. I have mixed feelings as the US offered great opportunities to me which I would not have had elsewhere

[@benperrotte6946]

Leave the US and don’t pay their bs taxes.

[@DoorCam-l7y]

She has got nothing on me..... cancelled my citizenship after the Reagan administration....... it all went downhill from there...!

[@bigdaddy4197]

Wish Reagan was still in. Fix this union B.S. especially the long shoreman.

[@YogaBlissDance]

That's NOT why I'm leaving. Don't like when you are ALARMIST or political. When you rile folks up- YOU GET VIEWS- emotion sells.

[@davidzolcer4848]

Thank you

[@l.k.7940]

Exactly.

[@HueyFreeman-l7m]

Lol he's just telling the truth. US citizens and their emoting.

[@theadkissonfamily9750]

No sugar in these cookies😢

[@michaelk969]

KommieLa is a true financial threat to all Americans, even the middle class. Though I am not an identity politics voter, I would love to see a competent, experienced "black" woman elected to be president who is authentic, smart and credible. KommieLa aint it. Think maybe Condi Rice would fit the bill.

[@professorchris3515]

Wealthy Americans will either stay and be bilked or they will leave and renounce in droves.

[@mrbHanoi]

@@professorchris3515 If Kamala wins, I need a new passport.

[@codymuders4996]

@@mrbHanoi same

[@SharedVision333]

Take the rich people’s money? How about tax these corporations and the church? Sad our country has been under attack from the inside

[@waywardgeologist2520]

Not all of us average earners believe her economic bullshit! Andrew keep up the good work!

[@MikeHanson-3rp]

I want to leave America desperately the cost of living has gone out of control. I can’t even afford to get a tooth pulled that’s been causing me pain for months because of the ridiculous, dental costs and healthcare costs. Any recommendations on how to escape the cycle? I’ve been looking at remote work, but most requires a large amount of experience.

[@stevo728822]

Take a trip abroad to get cheaper dental treatment.

[@MikeHanson-3rp]

@@stevo728822 any recommendations?

[@alondraestrella1357]

Hey I don’t know if you live near the southern border but I do and everyone crosses the border for their dental, A lot of the dental offices have an entire English speaking staff!

[@i1pro]

Right now, you either give it to charity or you give it to tyranny. Y?

[@RichardSpiceman]

If government is cut deeply as it should. We can lower the debt

[@tomofnorthcal]

I’m not a millionaire, but you & your videos have inspired me to look for ways to pay less taxes legally by moving to tax friendly states and countries, plus look into tax strategies. Thx

[@nomadcapitalist]

Glad to have helped.

[@angelab.804]

No worries bro….. she not winning. Have you checked out her communication skills ?

[@alondraestrella1357]

No way your insulting Kamalas communication skills😂😂 you’re just reaching for a way to hate on her. We can all agree Biden could barely speak by the end though!

[@mrbbkk]

Leave the USA forever Expat 37 years All assets outside their jurisdiction

[@bigdogpete43]

You can leave the US, renounce your citizenship, and still keep Social Security.

[@user-ld6wo4rv8h]

Are you sure about that?

[@bigdogpete43]

@@user-ld6wo4rv8h Absolutely. Feel free to look it up.

[@lordbendtner7021]

Doubtful. Might be able to hold onto to your 401k, but US government is like a pissed off high school girlfriend, the lengths they'll go to get you are limitless.

[@johnbotha3751]

don't bet on that. doubtful

[@LostintheUS-2030]

Although many say this. I don't believe it. US is a very revengeful, aggressive country that I do NOT trust. The US will look for any reason to deny your SSI retirement if one renounces US citizenship.

[@AC-nt1ph]

Puerto Rican for Trump 🇵🇷

[@gordonreinz9849]

I left for Philippines, as a 27 y/o man - it's great. Don't really believe all the hype you hear on KZbin about the place, but I qualify for FEIE and don't pay any taxes with my business. Just had to incorporate correctly so I don't get self-employment taxes tacked on with my accountant. Philippines is definitely overpriced, but it prices out a lot of the people I don't want to be around who tends to congregate in Thailand.

[@raulthepig5821]

Are laws that that can reach back retroactively illegal?

[@llee8325]

Yep, called ex post facto laws.

[@TraverzeCulture]

Great advice

[@Echoesofwhispers]

Honest question, if I was to give up my US citizenship and just travel around the world, how would I know where to put my taxes If I didn’t stay in one place for very long?

[@nomadcapitalist]

Thank you for your question! We've just addressed this topic in our latest video - 'How To Legally Pay Zero Taxes Anywhere': kzbin.info/www/bejne/b17KiGVpmq6IjJY

[@list1726]

Thanks for posting

[@SpatioTemporalEntity]

So, how exactly does a member of the executive branch modify the 16th amendment? Unrealized gains are not mentioned in article I section 8, or in the income tax act of 1913 (16th amendment). How exactly does the edicts of the CEO apply to anyone outside his scope and prevue, Namely United State Of America Citizens who are not employed by the federal government? Isn't is also true, that Income is defined as gain or profit, or gains, profit derived from other activities, such as wages and salaries? And isn't is also true that reasonable compensation for services rendered is not profit?

[@LoveClassicMusic0205]

You're not wrong, but they already do it with unrealized capital gains as part of the exit tax when expatriating. You are deemed to have sold everything the day before renouncing and taxed accordingly, even though you never sold a thing. I'm actually surprised someone hasn't challenged that in court yet.

[@llee8325]

All those arguments have come to trial, and been disallowed, sadly. This is how you know you're a serf, and not a free citizen. You are just a revenue source, like cattle, not a citizen, to be served by a real "public servant". You are just a resource, that's all.

[@AncientMysteriesAndInnovations]

Hope this doesn’t happen

[@Exposemedia4u]

90% of Europe are also screwed. And the EU is doing it’s best to try to lure Switzerland into its “claws” then it will be over for them also. Will find out about that around the end of this year .

[@justjacqueline2004]

Exactly Switzerland is a trap.

[@TheVietnam0725]

What's going on with Switzerland?

[@stuck-in-the-80s-e5h]

Home to WEF ...how cosy

[@yosefmacgruber1920]

@@stuck-in-the-80s-e5h So then Switzerland lied about being "neutral"? It was a ruse all along?

[@santostv.]

🤣

[@citydrums7525]

Great info. Andrew.

[@l.k.7940]

Bad Info, Alarmist Baloney!

[@freeandhappy]

You do such a good service to the world

[@briannewman6216]

The competition for talent is just starting to hot up. More countries will start offering tax incentives for talented people. The legacy countries with their high debts and high taxes will start to lose more of their talented people to more competitive countries.

[@inlovingfavor]

And they’re effectively lowering the standards for education, work ethic, skill set, resilience, creativity, ingenuity, initiative, etc all of the things that make for a talented candidate to be “politically correct” socially and to make people who simply are not talented feel better about themselves. If you don’t agree with that process you’re then called some type of -phobic, -ist, -ism, or whatever other suffix that’s supposed to mark you as a POS for simply just saying that whoever is exceptional and qualified should be the one who gets the job/opportunity/citizenship/scholarship or whatever other thing it is.

[@jakeryan1985]

11:07: Wow, the man walks the walk! No hypocrites in this video!

[@spandanbarve1066]

Hey man, But my family will be here And i cant come back or I become tax resident What should I do

[@1964greens]

No worries,we will survive

[@SerYanOto]

I am not so highly financially literated but I saw some news about the FED, which since September 2022 aren't paying the interest to the Treasury, they do pay but with IOUs. Until today the debt has reached almost 200 billion dollars, to any other party they are paying dollars, not with IOUs. I guess that either way they must increase the gross income derived from taxes. I tried to investigate a bit further and the interest payment derived from public debt has reached ca. 25% of the gross income which comes from all the taxes. I still don't undestand if that is about the USA or the sum of the states put together, or even the sum of the USA with each state and the territories. Could you please upload a video about it? What do Nom. Cap. think about it, is what I am writing about correct? I appreciate your illuminating work and I thank you.

[@Monkechnology]

Easy: Bring your dollars to Argentina, invest here and enjoy freedom!

[@nomadcapitalist]

We recently discussed that in this video which may interest you: kzbin.info/www/bejne/nneViqmtbd14bLs

[@UrbanArtCentral]

I really can't see how else the government can recover from their decades-long of over-spending if they don't increase taxes, someone has to pay for these mistakes and resist the populists stance, no matter who wins. A correction is needed, sooner or later, and sooner is better than later for Americans.

[@matthewnirenberg]

I'd love to see some mega-rich person take the govt of an English-speaking "western" country to court and have courts rule 'retro-active' applicable laws as illegal. I find it absurd that anyone tolerates such laws as they are effectively illegal laws. Why? Because if a law can be applied retro-actively then why do we have any laws. Say the highway has a speed limit of 140km/h (maybe its in Europe) but a month later gets changed to 100km/h and the govt go around booking everyone that drove on the highway for exceeding the speed limit by 40km/h because the law that changed the speed limit was applied retro-actively. What crime did those people commit? None - they followed the laws. It doesn't matter that its a tax, that's the govt extorting you because you complied with the laws at the time, then they say "oh we just passed a new tax but we're applying it from 2yrs ago, so you broke the law by failing to pay the correct taxes". Then your guilty of tax evasion and facing a felony. If following the law makes you a criminal then that is an illegal law. They should only be allowed to enforce new laws from the date they become law, this retro-active BS needs to end. All of CANZUK & CUNA are trying this BS because the masses are too compliant that they don't care, even when the issues are explained to them.

[@Roudaki677]

Let’s survive it by not voting for her

[@user-ld6wo4rv8h]

It’s not about your vote. The female vote determines who becomes president. That’s why the 19th amendment was a mistake.

[@Echoesofwhispers]

Voter corruption and electoral college-we’re screwed

[@l.k.7940]

😆😆 You believe Alarmist Garbage from a right wing British newspaper! Mark Cuban supports Harris Walz plans!! See why.

[@Eskeeter03]

I thought the ungained capital gains tax only effects people with a networth of more than 100 million? Most people won't get effected by that.

[@michaelk969]

Once the evil precedent (Taxing unrealized gains) is established, the government will gradually reduce the threshold to middles class folks who hold the majority of the wealth in their income. It must be defeated aggressively because the true goal is government theft of private property. This is communism through the back door. Once they are in the house it does not matter whether they came through the back door or the front door...

[@karttar341]

Harris can never win.

[@oldgadfly8398]

@7:31 - culture of envy sums it up. Speaking of education, Ray Dalio's video is useful: "How the Economic Machine Works"

[@290revolver290]

If it happens, that would be great because they voted her in 😂😂😂😂😂😂

[@jcord0013]

Actually, T appears to be signaling wider ranging cuts over a variety of taxes, including DOMESTIC INCOME. He believes in rule of law, with the Constitution as supreme. Notable is the fact that income tax is unconstitutional, as Peter Schiff is very well aware of because of his late dad. 1913 was a very bad year.

[@robertfritchey-zq1wn]

Don't let it win. Vote the Roach out

[@ziyadtarik5705]

They are inviting the wealthy to leave the country before SHTFAN😂

[@alaskanwhiskey]

Been left. 😂 they left 2 years ago. The thousands who moved to asia and nz and Australia. He did a video on this 1-2 years ago.

[@l.k.7940]

Alarmist Bullsht!! Mark Cuban supports Harris Walz Blue MAGA!!

[@HueyFreeman-l7m]

​@@l.k.7940i think you're a fuc king deranged id iot. People like you are the reason why America is dead.

[@Oliverrees-horsley]

I live in the UK. How much collateral do I need before it is worth using nomad capital's services?

[@matthewnirenberg]

You need to be high 7-8 figures - boutique services NEVER come cheap, especially when they're good. Most boutique services are around $25,000 per appointment with other fees for each thing they need to do and other costs. That's why they always introduce themselves as being for '7-8 figure entrepreneurs'.

[@nomadcapitalist]

Thank you for your comment. Feel free to reach out, our team will be happy to discuss this with you : nomadcapitalist.com/apply/

[@nayanmipun6784]

We need production increase to Combat against inflation not increase taxes

[@iREALmedia]

This realm completely melted a few hundred years ago-MELTOLOGY

[@SALFXEF]

Are you gonna do a video of how Italy has just been taken off the table for many of its descendants

[@wyomingpark]

Explain please

[@william5159]

OH… tax corporations and the extra rich to the same level as normal middle class people? How outrageous. But, on the other hand, it do think inheritance taxes should be abolished entirely. WTF is up with that?

[@christopher5692]

There’s absolutely no way of taxing a corporation without those taxes trickling down onto the customers and everyone else. You also forget when someone gets paid in stock they can claim they earned zero dollars for the year unless they actually sold that stock that year. The best tax system would be a large sales tax that way there’s nobody avoiding it or reporting it improperly. With income tax, it’s set up so a millionaire can say they earned zero dollars for the year. Even though they are making tons of purchases throughout the year.

[@TheVietnam0725]

Who exactly do you think the corporations are? They're you, me, and everyone else with a 401(k). Raising the corporate tax rate withholds money directly from everyone's retirement account, and any other account in which they hold corporate stocks. You know, those accounts held by every day middle class people.

[@majortom8047]

You may want to reconsider that "lean into" harsh criticism directed at Harris. After all, the alternative is a babbling, incoherent, unhinged candidate with strong authoritarian urges---not anyone's (rich or poor) friend and not someone to gamble the family jewels on. I'm not a supporter of any US politician, but I am certainly capable of dismissing anyone as lost to reality as Trump.

[@robster7012]

You are surely referring to Biden

[@majortom8047]

@@robster7012 Only a Trump acolyte would think so.

[@robster7012]

@@majortom8047 Good luck with Kamala if she wins

[@robster7012]

​@@majortom8047Good luck if Kamala gets in

[@IvySnowFillyVideos]

Its all 2 sides of the same coin. They would rather us battle over candidate than the actual cause...IMO

[@MrGogether3000]

And people actually voting for this… sick

[@lpmacek13]

Let’s hope we don’t slide into a Harris policy debacle

[@pazsugarspice]

Hey Andrew, I love your videos, but I wanted to point out that most inheritances are given to adult children in their late 50s, 60s, or even 70 so they worked their whole life, and their parents worked and saved their whole life too. But it will allow me to live a better life like multiple passports or where I can be treated best, as well as create opportunities for philanthropy and charities for things I care about. I am worried about all of these proposed changes to inheritance taxes and America in general.

[@David-e5n7u]

I would just buy gold

[@contrary8880]

While Harris is not my favorite option but definitely do not favor the trumpster...before taking "Telegraph's" opinion and becoming an ALARMIST with a scarcity mindset not knowing what will ACTUALLY happen...read the Financial Times to gage markets and see what happens and then, plan accordingly should higher taxes take place for +millionaires.

[@longlostkryptonian5797]

What a great illustration of how fast the USG spends/wastes an obscene amount of money. You could not snap your fingers fast enough! Nice try though!

[@AbdulPAK]

"Hi Andrew, Have you heard about the SCO summit in Pakistan? I mentioned it to you! Pakistan will align with SCO and BRICS and remain a non-NATO US ally."

[@maveriks463]

Systematic malfunction across the board all colours.

[@nestorsanguinetti2915]

Every poor country wants to take people with money and won’t badder you until they get to a certain point of wealth and then they’ll come for you worst than any other rich country that you’re complaining about, in other words you won’t have to pay higher taxes, You’ll just loose it all from one day to another. Solution, Grow a set of balls, stay in your country and fight for a better taxation. Nowhere is perfect !

[@jakey4683]

Trump will solve everything your channel is for, he will end citizenship based taxation.

[@Evangelionism]

Imagine WILLINGLY paying federal taxation. LOL

[@Reservations-b1m]

Who the heck is voting for the tax Armageddon!!!! Gotta be fools

[@fortheloveofnoise]

most of my family

[@TheBlackStranger]

There's alot of fools that agree with harris unfortunately

[@stevo728822]

Poor people. There's lots of them and their vote is worth the same as yours.

[@raulthepig5821]

Your best video yet.

[@l.k.7940]

😆😆🤦🤦 I guess you like Alarmist Fear Mongering Stuff but don't listen to more sane successful people as Mark Cuban?!

[@tgoc9263]

is that coffee mug new ? Merch for sale ?

[@marcom7873]

I’m sorry for you but all American people love Kamala 🙏🏻🇺🇸

[@TheyCallMeSir_H]

Isn't the American Tax System "Voluntary"? 🤔🤫🤭

[@JohnSmith-ks5xw]

No. That's not even remotely true. Don't pay your taxes and see what happens if you're caught.

[@TheyCallMeSir_H]

@@JohnSmith-ks5xw Then we are slaves?

[@Echoesofwhispers]

As in voluntarily go to prison?

[@lairdkilbarchan]

Vote Trump

[@Echoesofwhispers]

Voter/Democrat lead corruption/electoral college =we’re screwed

[@johnviewpoint7813]

Why? To prevent him from going to prison..

[@l.k.7940]

Why?! He's plans are worse for the economy and the country!! Ask famous economists and successful folks as Mark Cuban, they support Harris Walz plans!!

[@armlleras]

😂😂😂pay your taxes😂😂😂

[@courtneykawphi9504]

Hey Andrew, if trump wins, would you consider relocating back to the U.S.?

[@nomadcapitalist]

Stay tuned. A video on this is coming soon.

[@bieragaino440]

well , is she out forever. Its not been good work from her

[@HelenBrotherton-v5k]

I, kamela Harris, will be voting for Uncle Trump.

[@dalesnyder4831]

Corporations and investors and ordinary people should all pay their share of taxes. They have not been paying their share, not even close and we have been subsidizing the corporations for many years. The richest people and corporations pay no tax and if you think otherwise, again, you are part of the problem.

[@r-kan]

The problem stems when those same tax evaders are currently seated at the helm of our nation. Though in fairness, any move to "stick it to the rich" ALWAYS trickles down to the commoner's burden. Do you think the elites will tax themselves?

[@jolsm9726]

Top 1% earners pay 45.8 of all federal income taxes. Despite holding 23.4% of the weld. The top 50 percent of all taxpayers paid 97.7 percent of all federal individual income taxes, while the bottom 50 percent paid the remaining 2.3 percent. The top half is actually the one subsidizing all social services the bottom half of the income payers benefits from. The United States tax system is one of the most progressive tax systems in the west

[@TheVietnam0725]

Um....who exactly do you think the corporations are? They're you, me, and everyone else with a 401(k). Raising the corporate rate is doing nothing more than penalizing your own retirement or any other investment returns.

[@crypticnomad]

​@@jolsm9726 That was generally accurate and was a good rebuttal to the OP's rhetoric. However, I think some nuance needs to be added. While the majority of the claims made were generally accurate or close enough to recent estimates that arguing over relatively minor differences is moot, the claim that the "top half is subsidizing all social services for the bottom half" is somewhat misleading. While it is true that higher-income earners pay a significant portion of federal income taxes, federal income taxes are only one part of the overall tax system. Lower-income individuals often pay a larger share of their income in payroll taxes, sales taxes, excise taxes, and state and local taxes, which are often regressive. Many social programs in the U.S. are funded not only by income taxes but also by payroll taxes, which apply to most wage earners (regardless of income level), and other taxes like state and local sales taxes. Thus, the bottom half also contributes to funding public services, even though they may pay less in federal income tax. Although the bottom 50% of income earners contribute only 2.3% of federal income taxes, they contribute a much higher proportion through payroll taxes and state and local taxes, often disproportionately compared to their income. In total, they likely contribute around 10-15% of total tax revenues, including these other forms of taxation. A more nuanced view would be that the tax system is progressive at the federal income tax level but regressive at the payroll and consumption tax level, resulting in both groups contributing differently to the funding of public services. The relative increase in the share of taxes paid by the bottom half (from 2.3% to 10-15%) and the relative decrease for the top half (from 97.7% to 85-90%) underscore the importance of considering the full spectrum of taxes when discussing the U.S. tax system. The regressive nature of many non-income taxes shifts a larger relative burden onto lower-income earners, even if they pay little in federal income taxes.

[@l.k.7940]

​@@jolsm9726 Wrong! Top 1% don't own 23% of the wealth, they own 50%-60% of all wealth!! Everyone should pay fair flat tax except if investing in jobs/business, and the poor shouldn't pay any.

[@hyster2568]

Can I get more than 2 passports?

[@user-xg6yc8ho3w]

The Titanic is sinking....better get in a life boat.

[@1964greens]

Same comments where said when Biden took office

[@mrbHanoi]

Sounds like Xi Throw your billionaires in prison.

[@robertsontirado4478]

Tony West, Harris' brother-in-law and a top executive at Uber.

[@marquisdesade6191]

Is navel linking caviar is as far as Mr goody two shoes goes?

[@l.k.7940]

😆😆

[@robertfritchey-zq1wn]

Trump/ Vance 2024

[@randyreynolds1045]

Bad socialist policy always fails ❤

[@lindonprice2482]

Real money is silver and gold, not digits, not paper, not anything else

[@YouGotOptions2]

Not true, real money is whatever anyone says it is at the time and place

[@HueyFreeman-l7m]

​@@YouGotOptions2exactly, the market determines the value. Not the individual.