Americans are Fleeing with Their Wealth

[@nomadcapitalist]

Kamala Harris’s planned “tax armageddon” has more Americans looking for the exit. This is how to prepare for “tax armageddon”: kzbin.info/www/bejne/bpmth2h6q9Sff5I

[@bpd9660]

Rubbish. Life isn't about fleeing taxes.... it's about enjoying your life, wherever it may be ... I would flee USA if despots like Trump are in power, no matter what country .. or how favorable taxes are there at that time ...

[@josiah5776]

I'm not wealthy, but I left. Tired of all the stupidity and obtuseness in many different areas. It's not just economics ... it's bad culture, bad ideology and rampant traitism.

[@TheMagnificentPuertoRican]

Where did you move to brother?

[@rickortega80]

Yes, please tell us. I want to get out also.

[@droppingknowledgebombs]

So agree with you! Not wealthy yet, but plan to get there by starting a business, so I can get the hell out or at least have options. Americans are stupid as hell and it’s getting worse. I can’t deal with the stupidity and illiteracy. Almost everyone is entitled and wants you to adult for them. I work in the retail service industry and these people can’t listen, can’t follow directions expect things to be free, then want to yell at you and bully you when you don’t give them free supplies. People have phones in their hands but instead of looking things up they ask you questions instead when they could have googled it.

[@camrenbrowne5855]

We left already. The politicians aren’t dangerous it’s people who believe in them.

[@miztri]

I'm leaving on 10/25/24. My concern is how do I get my assets out the US as there are limitations as to what you can take without raising a red flag also banks are limiting transfer amounts. How do I get around this issue

[@ThePresentation010]

I mean the politicians are the ones who ruin things. And the people allow them. So both poisons are bad

[@buy.to.let.britain]

exactly. i dont trust the population not to be able to protect their freedom from propaganda.

[@nondompom]

You find most politicians will sell out the truth in favour of their vote. Sadly, most individuals vote for personality over substance and integrity.

[@p.t.9709]

Bars!!!

[@infiad1275]

People seem to believe that you're a bad person because you want to save on taxes. Why would anyone want to pay to go in a direction that you don't agree with at all? If you believe in where your country is going then by all means stay and support it with your tax dollars. If you don't believe in your country any more then it's time to go.

[@000T00b]

Your closing words on choosing where to get citizenship based on momentum and going in the right direction is on point. And not choosing to re-create your life in another place that is going in the same (downward) direction as that which you left - really good advice that many more should heed.

[@TSF13]

I’m Irish but I’ve been in London 9 years. It’s gone to the dogs here. I’m moving to Paraguay in the new year. I have a coaching business online. Cant wait for a new adventure 🙌

[@LinguistRevolutioner]

Be prepared to be bored out of your mind.

[@TSF13]

@@LinguistRevolutioner How so?

[@robertmiur2388]

I’m Scottish and moved to Colombia loving it here has everything one would want

[@LinguistRevolutioner]

@@TSF13 Paraguay isn’t Brazil, Argentina, or Colombia. It’s one of the more boring countries in SA. Small economy, not much going on with the locals, small population, not much foreign investment, few expats actually live there long-term so making friends isn’t easy, and English isn’t that well spoken over there. Look up attractions and stuff to do in Asunción. Nothing wow. Argentina is much much better if you ask me. As is Brazil. But hey, to each their own.

[@TheMagnificentPuertoRican]

Paraguay is very underdeveloped.

[@bobdublin825]

You don’t have to be a “millionaire “ to flee. A little planning and you can do it

[@Altosax449]

The USA is falling apart. I’m visiting for the first time in 20 years. I’ll be glad to get back home.

[@redman6790]

Is it seriously that bad? Good thing about USA compared to say UK is you have 50 states to choose from, yes they are legacy brand countries but you still have a choice. Its a continent.

[@goodnessbealways-good3366]

@@redman6790 I've lived in both. I prefer the U.K.

[@JorgeMartinez-ez1jl]

@@redman6790 it is not. I'm in So Cal and living my best life.

[@sagepirotess6312]

I left USA, California at 32, 2008 fc. Worked as a teacher in s Korea, Taiwan, Vietnam. Traveled to 50 countries. Settled in Vietnam. Buying second home now. 1st house, nha trang, beachfront. Second Sapa, Vietnam. Mountain holiday house.

[@Renderlesscharacter2454]

so nice 4 u! I hope u live happier and wealthier than ever

[@neonomad1939]

Visa?

[@sagepirotess6312]

@@neonomad1939 I married a viet I met in 2010, in 2020. Saying that you can't build a home like I did in nha trang, bit can buy a appartment home like I did in Sapa. Its real estate, renewable every 3 to 5 years as long as you own the property. I put it in a llc. Before you decide to buy if not married, invest visa, it's like 50 to 70k. 3 to 5 years, earns interest. Let's you explore and live in country until you find where you want to settle.

[@neonomad1939]

@@sagepirotess6312 I used to go to most of these places in the early 00s. I remember the law being strict with foreigners wanting to invest & retire. I guess Americans have a special treaty of sorts.

[@sagepirotess6312]

@@neonomad1939 cant own land. Simular to Philippines. But if married can get 50 year lease, renewable. Vietnam also has no property tax. Just tax on buy or sell. My wife had the land since 2004. 200 meter from beach. As for sapa, I visited, bought an appartment type unit. Lots of potential in that region next few years, and I like the environment. One should always look nationally and internationally for the best resources and opportunities for themselves.

[@richardhowe5583]

I am retired and living in the Philippines.. I am 70 years old and married to a beautiful Filipino woman half my age.. she takes care of me better than my mother did and loves me as much as I love her.. I am in a stress-free environment and eating wonderful fresh vegetables, fish, oysters, shrimp and Chicken.. I have lost 50 lb and do not need my blood pressure medicine anymore..me and my wife are living like a king and queen on $2,000 a month in a $300 a month house facing the ocean.. crystal clear blue water and white sand beach is my front yard and a view of rainforest mountains from my back patio..every morning when I wake up I have to pinch myself to make sure that I am not living in a dream.. I do believe I am the happiest man alive.. I watch this guy in the video because he always has great information.. thank you sir👍👍🍺🍻😎🇺🇸👙👙😁

[@3poms28]

Excellent bro salute to you!! 👍🏾💯✈️🌏

[@rshangrila]

You are my doppelganger. I've been living happily in the PI for ~25 years. The dream is there for those who dare to live it.

[@richardhowe5583]

@@3poms28 I hope you are living your dream also.. life is too short to be unhappy and I have wasted most of my life but I finally found my happiness at 65 years old.. my wife and myself are actually living on 1200 dollars a month and saving the rest every month.. every two or three months we take a 2-week or more mini vacation around the Philippines.. we are planning a trip to Thailand as we speak.. the good life is available to everybody it just takes a little research and of course everyone has a computer at their fingertips and in the palm of their hand.. research!! research!! research!! And watching some good travel videos on KZbin helps a lot..👍👍🍺🍻😎🇺🇸👙👙😁

[@richardhowe5583]

@@rshangrila you are lucky sir that you made the move when you did.. I wasted many years in the rat race in the USA before I finally found my dream.. my original plan was to retire in rural America.. the USA has turned into a Frankenstein monster and it is not anything like the country I grew up in.. I guess we are lucky we found the Philippines to live out our old age retirement in peace and stress-free Harmony..👍👍🍺🍻😎🇺🇸👙👙😁

[@rickortega80]

Thanks for the info guys, will look into Philippines, I'm 38

[@leebailey229]

Same in the UK...Even the non wealthy want out

[@xyzxyz4575]

brexit?

[@ianjustin4389]

Yep Labour government in UK has their own version of tax armageddon coming in October...

[@nondompom]

​@ianjustin4389 if it wasn't Labour, it'd be wasteful Tories spaffing money up the wall. Short term policies are the problem in the UK. Not taxation.

[@ianjustin4389]

@@nondompom if u have assets, excessive taxation is gonna be a massive problem…

[@VoiceOfThe]

Yup, Brit here too, I left Summer 2021. I’m no millionaire although I’m comfortable. Reeves can swivel, she isn’t getting her hands on my money.

[@shootermcgavin4999]

I finally make six figures (barely) which I've been working towards my whole life. I'm in my late 30s. But I can't even afford a house now. What's the point of a high paying job if you can't even afford living. More richer people than ever before though. Rich ppl get richer. Middle class gets screwed.

[@rshangrila]

Or you could leverage your way out of the middle class. You have enough time and resources.

[@overk1llz]

Im making 21 an hour in sd, with that money i was able to buy two houses in Mexico. The one i bought in Tijuana almost tripled in value its a 5 bedroom that i got for 90k before covid. Im about to build some rooms to rent and it feels like im retired already at 33 years old. 😂 if i wasent in the middle of construction i can go months without working with 2 or 3k usd.

[@ProgressiveTruthSeekers]

IT’S NOT LEFT OR RIGHT "Both the blue team and the red team! Makes no difference of their team colors, they both are owned and operated by the same people.” ~John Sudano

[@joeuscanga7235]

Slowly but surely, the US is becoming the old Latin America of Pinochet, Castro & Chávez. Neither politician is going to fix the structural socio-economic problems already in place. The US is already extremely unstable in both fronts: political and economic. Success and hard work are viewed as abnormal & corruption is rampant at all levels of government and society. If you stay in today's America, it is better to be "invisible" amongst the rest of the regular society. That's America for you today.

[@MooseBme]

THANKS AGAIN SIR!

[@kemi1486]

We’re an average family of 3 in America but we have our second home in the Caribbean. Ultimately we’re leaving regardless of who wins but our 6-18 months timeline to leave will depends on who wins.

[@humpteedumptee8629]

Bro if got an extra house overseas your not avg. not a bad thing but simply not.

[@aldrickespen6863]

i always look forward to your uploads

[@nomadcapitalist]

Thank you

[@rshangrila]

I'm one of those who bailed on the US. I'm not selling my US assets but I'm refinancing them and moving the proceeds offshore. Now that there's Starlink, I can do business from my remote island paradise.

[@rshangrila]

I'd never consider plopping down $1million in fees for a passport. There are much better ways.

[@NewAgeRanger]

It’s for ppl with $20+ million. For everyone else there are plenty of other cheaper options. I wouldn’t want to go and live in Malta. Sea view is nice but after one week of that it gets old real quick. There dozens of places in Asia with better sea, ocean, and beach views 1/4 of the price with much more better things to do and options to offer such as dining, entertainment, accommodations/housing, travel experiences domestically and internationally, culture, etc.

[@matthewnirenberg]

I genuinely ask you, such as? Most residency/visa options are only for old people who are retired, or, only for the very rich (investor visas). The most affordable options are the CBI programs which all come in at just under $400k USD. For anyone under 45, options are very limited unless they have a lot of money that they can spend on CBI or investor visas. Things get more complicated when you're regulated out of work by a govt who care more about "skilled migrant workers" than locals, even though you're a local who got qualified in the country to which you're local, because a lot of savings get used just existing whilst pivoting to another career. Even two of the residency programs I was looking at just closed without warning whilst I was gather documents to apply for one - one in the Caribbean (non-OECS) and one in Oceania. Even being born with 4 passports, my options are basically: * High-tax, high over-regulation 'name brand' countries that my passports give me full rights in * Somehow find a small fortune and do the cheapest CBI in OECS or CBI in Vanuatu (problem is the need to demonstrate having >$500k post-CBI) * Somehow have a friend who genuinely gifts me the money to do CBI * Magically have a good small country introduce a visa for those who don't have a lot of money (not millionaires) but are able to prove they can start a business that employs locals * Wait till in 55+ in order to get a retirement visa (assuming that's still an option, and assuming travel is still legal) * Hope that all the 'merit trap' and 'DEI' and 'diversity / multiculturism' BS magically vanishes and everything is solely based on merit * Give up The biggest problem is that most countries are abolishing 99% of their visa options and being very insular, even if that means hurting the opportunities for their citizens by stopping businesses expand into their countries. All of this BS has eventuated since the plandemic and is only getting worse.

[@Louise-pe1un]

@@NewAgeRangerWe did live in Malta for a while (Msida) and loved it. If you have a Maltese passport you also have EU privileges and can split your time between Malta and any selection of other EU countries with minimal formalities. I would think it worth the money for that alone.

[@andrewacefraser]

Thanks for sharing that interesting information Nomad Capitalist!

[@nomorenews]

Plz make a vlog on INDONESIA,their visa options and tax laws and passport

[@levongoldsborough9235]

I'm leaving regardless of who wins

[@quinntech7254]

"Holding back their freedom", pretty much sums it up. High national debt leads to the devaluation of the dollar, which in turn leads to high inflation which leads to tyranny.

[@burn2406]

I'm not even wealthy, and I'm leaving next year. If Trump wins, it gives us more time to prepare, but if KH gets in, we'll be leaving sooner.

[@3poms28]

💯

[@richardhowe5583]

"travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one's lifetime" Mark Twain..

[@decTac]

Kuala Lumpur, Malaysia 🇲🇾 a laid back and chill place to settle down..😊

[@BrokenBritain4u]

UBS Bank Global wealth report predicts that approximately 500000 millionaires will leave the Uk 🇬🇧 by 2028 . Not just Americans . There will be a massive movement of millionaires leaving the west to other countries. Thanks for your hard work Andrew . Learned a lot from your videos .👍

[@mannydavidcastillo1109]

Just bought a house in Latin America this week getting ready gtfoh soon

[@Peter.F.]

Uk is similar, I'm not a millionaire however I have had enough and left UK early this year.

[@shirleygriffin7672]

Excellent and thanks for sharing

[@p.i.e.management9245]

The main group that is leaving...are professional women of colour... primary African American Women.

[@joec3703]

I don’t know who told you that lie!

[@arshadali2312]

Seems like a lot of these would-be exiles are aiming for anglophone countries (probably because of language and culture). Not sure that's a good idea as all these countries -- Canada, UK, and possibly Australia and New Zealand -- are in similar trouble.

[@matthewnirenberg]

In many cases they're not doing it out of choice, they're doing it out of it being their only option due to easier migration pathways or because they already have freedom of movement (CTA between UK & IRE, TT between AU & NZ, etc.). Those who can afford to do CBI and get out of CANZUK & CUNA are doing just that. The biggest issue is cost and the fact that for those who can't afford CBI, visa options are rapidly vanishing as the world becomes very insular.

[@p.i.e.management9245]

St Kitts, or St Lucia, Antigua, Bali , or Bangkok, or South Africa, there a other places Americans can go.

[@miztri]

SA not good for AA

[@morganlefey]

Go straight to Malawi. Malawians are some of the most beautiful and the kindest people in the world. But don’t forget your anti-malarials.

[@AlexJMarra]

Love the coffee mug lol

[@donmarek7001]

Lewrockwell has written about this issue a number of time since the 1990s. I don't have enough wealth by any means to leave, however, it is saddening that neither party care about keeping these kind of people as citizens of America. The number of Americans giving up their citizenship really ticked upward during Bush Jr.'s administration. I imagine it's not a hatred of America, but probably more an issue of practicality when the US has an IRS that wants to impose US law on other countries thus making it difficult for citizens to do business with foreigners.

[@saml8967]

I've been reading Lew's website for years, and he is definitely one of the reasons why I am an anarcho-capitalist.

[@maxjosephwheeler]

*I need a plan B for my broke self! My US passport should be here in a few weeks.*

[@adamcolclasure4892]

I left in 2016, I'm no where near wealthy Trump was a motivating factor for me was wasn't the main reasons. I was just done with being, in a country without universal healthcare, paid holidays, poor public transit. Wanted to be in a country, where I could feel safe in public and not have as many laws against me for being LGBT. I feel more safe and more able to meet people in overly conservative S.Korea being a foreigner than I ever could in the states.

[@stevehall8227]

If I have a state pension, and live from dividends, would leaving the us be viable?

[@senanur1983]

Will you be doing a video on upcoming tax raid budget in the UK? Have you seen a rise in Britain’s leaving the UK?

[@justjacqueline2004]

On an anecdotal note I work as a mere cleaner here in London UK and we have lost so many of our high worth net clients due to suggested taxes coming our way thanks to our government. As for Ireland,good luck!!!!!.

[@PCAGA2298]

Average American’s have plans to leave too.

[@dianasharonschenker7046]

I and my family live in Montenegro and Bulgaria. My grandchildren speak 3 languages, learning more. They and their Mother have dual citizenship. I and my son are only American passports and residencies. They speak English where I live.

[@vwchan841]

I am so glad I came across your videos pre-pandemic. I signed up for the MM2H under the old rules and just ironically voluntarily bought a seaview condo in Malaysia even though not required to. Not regretting it one sec!!!! Malaysia is on the rise!!!!

[@Paul-ni8cb]

Single Father with Full custodybliving in Ohio. My son and i have our passports and on our way. Help us out brother

[@robertsontirado4478]

You’re a smart man. 🎉

[@KeithCindyPanama]

We’re going to Panama because of family and retirement. One barometer we use is expat people who visit America and they see the deterioration of service and how citizens are ignored.

[@Arx9845]

Americans living abroad are NOT free from paying income tax. In fact, they're identified as one of the three groups REQUIRED to pay income tax.

[@joec3703]

Are you new here?

[@thriftybob]

It was for 10 years after disavowing US citizenship, i read a few years ago. It may have changed since, and there are other penalties so be careful

[@miztri]

But if you don't have an income how then can you pay taxes I haven't had an income since 2022 and I'm leaving Will I still be responsible for taxes there's nothing I have to be taxed

[@thriftybob]

@@miztri As long as your assets don't exceed the limits, you might be Ok

[@eriktopolsky8531]

USA - EVERYONE,s NIGHTMARE

[@martinluke9470]

Also, the UK wealthy are fleeing in their thousands. It all adds up and removes fiat currency from the UK system.

[@nomadcapitalist]

We recently covered the wealthy fleeing the UK in this video: kzbin.info/www/bejne/jWbKiaGOhrCqq7c

[@reneestevez7193]

As a Lyft Driver you would be amazed the different types of people I have come across recently that wish to or are planning to leave the U.S.A. for greener pastures elsewhere; Vietnam, Paraguay the Dominican Republic. I even had a young couple with their young child visiting in town from California who told me they were moving to Mexico before the end of the year. People in general are just fleeing 😮.

[@dylan-tl2yx]

Just arrived in Kuala Lumpur today 😊

[@mrbHanoi]

Exactly right

[@KL-ii1xt]

gone.... all good things come to an end ... time to move along cheers

[@humpteedumptee8629]

If I had the money I’d go to Malta. The cost is not that bad. When you consider the low taxes and no property tax. Say buy a million dollar house. On taxes alone for that property you make the money back in like 15-20 years. Add in the overall lower tax bill in general you’r paid back in 10-15 depending on your income level. And you have a complete access to Europe.

[@tbone5654]

Don't worry for now, Trump will win 2024, but for the people of the USA, lookout in 2028!

[@Electra-xm7lu]

Given the cringing ineptitude of those being selected, they are clearly looking for subservient tools, not electable figures. What will be seen in a few days may be the political equivalent of the second plane hitting the towers. That being, the unwary who had any doubts of what is truly taking place, will no longer have any. And EVEN if the election is too much for them, the man will be sabotaged long before '28.

[@robertwestinghouse4098]

Love your work.....but how does a person who is not rich, who cannot afford to live in their own country (Australia) leave and start a new life?

[@deulavremotsuk3563]

Atlas Shrugged in real time.

[@CROSSNSHOOT]

Who wants to pax extra for politicians special interests! That is what it is

[@k-dogg9086]

Taxation without representation is theft and tyranny.

[@anniesshenanigans3815]

I am not a millionaire, but if Harris is elected I will be leaving.

[@sagepirotess6312]

I call bs. Heard it all before, Obama, trump, not so much biden. But yea... all talk no walk.

[@p.i.e.management9245]

Will you be denouncing???

[@anniesshenanigans3815]

@@p.i.e.management9245 denouncing what? Citizenship? NOPE. I have paid taxes for over 40 years. and hopefully in 4 years things would turn back.

[@riptyurass302]

Everyone says 'if my candidate doesn't win I'm leaving' but they never actually leave.

[@dixztube]

@@riptyurass302right it’s so stupid

[@peacockLife]

Sadly, unless the two halves learn to cooperate people will continue to run

[@ayrsine]

Here’s a question I thouht off recently and I’m not sure if you’ve answered it. When you say, Asia has a new or improved middle-class, are you including Israel and Iraq the Middle East in that?

[@ApriliaCollector]

It’s crazy what’s going on, everyone whants to leave. Also in Europe. To Americans “don’t come to Europe, it’s worse!”

[@shootermcgavin4999]

Where can I move that has modern new construction as far as houses and infrastructure and is a good value compared to the US for lower middle class folks like myself.

[@braceface8742]

Good idea

[@loosacpl]

And what if i live in central or eastern european country and getting sick of communism rising in Brussel with progressing centralisation of power? Belgrade? Ankara? Roseau?

[@roadscholarwarrior]

I am NOT a millionaire (yet 👍🏽) but I do pretty well and trying to improve every year. I have a 2nd passport already (European) and now also live full time in Europe. Although it’s well know that there are many ways to lower taxes legally in the US, the basic quality of life and cost of living is, to me, not beneficial enough to stay. Social issues, political issues etc exist all over the world but it’s not honest to say all places are the same. I live better overall in Europe. I love my birth country and I don’t feel it’s wrong to say it’s not going well back home. I hope it gets better but I prefer a more quality lifestyle without being a multi millionaire. If I ever get to that point I would probably stay in Europe anyway. 🤷🏽‍♂️

[@AlphaConviction]

Leaving the West is UNDERRATED

[@jamie1453]

Already Gone 🎶 🎵 like the Eagles said... Thailand baby 🇹🇭

[@sentero1856]

I live in Pennsylvania and am a warehouse worker, i feel so out of my element watching this channel. I make 45k a year. Every option is out of reach really, all i can think is trying to get citizenship by descent through my grandmother, or somewhere like Argentina or Curacao for residency....

[@jamesfreeman7954]

Where do we leave to? This place has become a dwelling place for demons!

[@nomadcapitalist]

Check out our recent video 'Best Countries for Americans to Escape to NOW' kzbin.info/www/bejne/pWi3qZxor5ukl9E

[@Rosefitness38]

Trump 2024

[@Analog_nomad01]

Freedom here is a misnomer its more like freedumb!

[@robertsontirado4478]

Born in Manhattan rich culture no more tribalism running rampant in my city. Non American disrespectful to Native New Yorkers turning a great city to shambles. They used various methods to divide people because the system is in decline.

[@lars5727]

First, brb gonna watch the video now.

[@infiad1275]

First to watch it! I win!!

[@lars5727]

@@infiad1275 ahhh damn

[@brpawankumariyengar4227]

If people are leaving, India, China, USA, UK, and Australia …. Then where are all people going ? Is there a possibility that”rich people” nation anywhere?

[@matthewnirenberg]

Well people are leaving India and China and stupidly going to CANZUK & CUNA because they still believe the propaganda about CANZUK & CUNA. Reality is that the propaganda about CANZUK & CUNA was true in the 1980's but hasn't been true since the mid 1990's. The money they spend on getting into CANZUK & CUNA would be far better spent on CBI. The people leaving CANZUK & CUNA are primarily the ones who are usually single and have saved enough money, or, they've sold everything including their house and have barely enough to do CBI and buy a 1 bedroom place to live. The wealthy who could easily leave CANZUK & CUNA did the moment the plandemic restrictions ended, they moved to the big tax havens because they have enough money to legally buy their way in. Basically these are the people who have 8-9 figure liquid wealth. As for a 'rich person nation' basically that could be anywhere that isn't trying to destroy the rich by high taxes and wealth redistribution.

[@TomThumb-g9s]

Don't be scared. Be prepared.

[@informationcollectionpost3257]

What I find frightening about the USA is the hateful speech I hear at work from younger people about religious and the older generation. From what I can figure out is that most of this hatefulness is being taught through our public education system. Considering that these people are going to become near future voters; I may want to not only move my retirement dollars over seas, but my myself & my family.

[@froylanolmos3394]

Yes, I am leaving too.

[@SALFXEF]

I was in the process of doing my Italian citizenship and Mexican residency. The minor issue has just taken citizenship away from tens of thousands of people. Are you going to do a video about the new Italian citizenship by descent minor issue. I am moving forward with my Mexican residency

[@chizzlemo3094]

the UK is in a dire situation, student envy politics running the place.

[@boulzay2890]

Just wondering, what about Mexico, you didn’t mention

[@queserasera1674]

He recently did a video on Mexico focusing on the new socialist prez.

[@dahveed284]

What about Poland or Argentina?

[@NortyNige]

Much Better.

[@dwaynecunningham2164]

Born in Canada. Worked hard, invested wisely so they can give my money to people who didn't. Tell me more about st lucia

[@nomadcapitalist]

Hi Dwayne, thank you for your comment. We have several videos on St Lucia, here is one to start with: kzbin.info/www/bejne/g2ikooBjg62SedU. Also check out our article on 'St Lucia Passport in 2024: The Ultimate Guide' here: nomadcapitalist.com/global-citizen/second-passport/st-lucia-passport/

[@doyourbest7655]

There is ones children to think about when deciding where to live. This channel focuses on money and taxes. Consider how the next generation will grow and develop depending on country selection. Many will not move away from family and will suffer the taxes.

[@VelhasCordas-mm1jt]

Your idea that wealthy Americans only seek low taxes to accumulate more wealth is somewhat offensive. Many Americans actually prioritize living in a society with a strong healthcare system, quality public services, clean streets, and support for those in need. They don't aspire to live in a country with minimal government intervention, where public investment is largely limited to the military and police.

[@matthewnirenberg]

Well the problem is that only the wealthy can afford to leave and establish abroad. Look at the options that exist - it's basically CBI or a very long process of finding a job for which there is no local, being hired by a business in that job, fighting the work visa system in that country and then spending basically a decade (max time to naturalize) fighting a system that doesn't want you, just to be allowed to naturalize. Most of the residency / visa options that were affordable are gone. The only ones remaining are in extremely dangerous countries which have high taxes or are retirement visas that are only open to people 55+. What are the non-wealthy like you and I, meant to do? We're basically screwed as the options that used to exist are long gone as countries are becoming very insular at a rapid pace. The formula for 'cost to leave' is: (Residence Permit cost) OR (CBI cost) + (apartment cost) OR (house cost) + (travel to destination) + (living costs) = Cost to leave That 'cost to leave' is basically somewhere between $500k - $1 million USD depending on individual circumstances.

[@brooklyngemini3410]

Yerevan is awesome... Didn't know what to expect as a black man.... But this might be home for the next few years

[@arshadali2312]

What are conditions like over there, after the war? Last time I was in Yerevan was 2019.

[@vladimircurkoski1455]

I heard so many times Americans screaming how America is the best and greatest country and what not, so why they are leaving when they are in the best place in Solar system or perhaps in whole Galaxy

[@JB-bb1bh]

im look to leave no matter who wins. im a broke boy compared to many. Rather go somewhere i am welcomed, and i can go when im sick and not go bankrupt even with 6 figures.

[@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

[@ks1970in]

How about healthcare, both quality and cost, in such low-tax countries? For someone with say a life style disease/heart condition; are such moves even advisable?

[@nomadcapitalist]

We cover healthcare options in tax-friendly countries in this video - kzbin.info/www/bejne/qZ7CcmCKnN98o5I

[@Realg401]

After reading the comments seems like everyone leaving 😂 i think you should spend time out and watch to see who wins the election and how the market reacts first

[@maxyogi]

Get the Wealth breaking the Law in the US. Then flee to another country with the Wealth. This is not new. It's oldschool wisdom.

[@johnportelli3035]

I am heading to Russia from Malta it's getting stupid here too.

[@xyzxyz4575]

If you are wealthy or rich it’s a sin, they make you to confessions for that sin, thus they will make you pay for your sin!

[@LeonieBachmann-h7x]

Leaving now is too late.

[@matthewnirenberg]

Rubbish - its only too late when the lynch mobs are chasing you. Its better they leave now whilst they're still able to. Either that, or you're trying to stop the one's you take money from (welfare), from leaving because then the welfare would run out.

[@DxV04]

LOL Rich Americans are apparently extremely gullible!

[@shootermcgavin4999]

It would be great if capitol gains get taxes at same rate as people who are trading their time for money. Because when the gov prints money....all the wealthy ppl with assets get all the benefits while everyone else gets poorer because they own nothing. Also young people gets screwed because they have had no time to acquire assets. Doesn't seem like a very fair system we got here in the US if you ask me.

[@Xalta_Sailor]

For me to potentially receive a capital gain I have to RISK losing my investment. What is a wage earner risking? If I didn’t get an increased return why should I risk my money? Then I would just buy houses, CD’s and term deposits that don’t contribute to growing the overall economy like 95% of the pussies out there. Cheers off to dive the reef for the afternoon🥂

[@rshangrila]

Disagree 100%

[@matthewnirenberg]

First of all that's not how capital gains works. Also, taxing capital gains only pushes people to NOT invest in the country. Fun fact - bank accounts aren't taxed on gains as they don't make gains; any interest paid on the account by the bank is treated as income and can be taxed as income. When the govt prints money, the rich LOSE money because inflating (or hyperinflating) an economy reduces the buying power of the economy - i.e. each dollar is worth less than what it was the day prior. If you tax capital gains, then you still lose out. If the rich sell assets, only other rich people can afford to buy them. If you can't currently buy them, you won't be able to buy them if they get sold because prices do NOT come down. The markets would NEVER be flooded with assets as giant mega-corporations like BlackRock and Vanguard would simply buy them, increase their portfolios and at tax time have a profit that's basically unchanged. The reason you can't afford to get assets is likely because: * You waste money on having the latest phone, etc. * You eat out all the time * You have no savings because you NEVER put your pocket money into the bank whilst you were young * You stupidly went heavily into debt to go to a US university because "everyone does" without thinking about "is it actually worthwhile and do I absolutely need it to work?" * The US debt is NEVER paid off so the USD keeps hemorrhaging its value as the debt climbs The rich get rich because they save money when they're young, they buy and hold silver and gold bullion which retains its value (i.e. it doesn't lose value), they don't party all the time, they don't go on holidays all the time - they save all that money. They save money because they know they need to save $100k ASAP because that's the point at which Compound Interest starts to seriously help their wealth grow. They AVOID debt. They AVOID rent because 'rent money is dead money'. They do this over 30yrs, not 5 seconds. They know how to create value, generate wealth and how to maintain wealth. Once they are getting enough interest on their savings that they can live off 25% of the compounding interest the bank pays them on their savings, they can basically live on passive income. You want a quick "give me money, I deserve to take your sh*t" because you're a commie nutjob who supports high taxes and the endless illegals who increase the welfare problem whilst also taking resources that would otherwise exist for you to use.

[@rshangrila]

@@matthewnirenberg Spot on. Spend less than you earn and invest the rest. Borrow only when you can profitably invest the proceeds. Your greatest asset is time. Inflation can be your friend if you are leveraged into appreciating assets.

[@congruent-thoughts8781]

How about China? To me a very interessting country. Much more modern today then the West and a absolut stunning nature.

[@nondompom]

I can't figure you out. Are you selling out into politics or average people who want to move country ? Most wealthy [6 figure] people tend not to move lock, stock to one country. To suggest they're abandoning the US, EU or UK is misleading. Come on, Andrew. If you want help moving to another country, look online or visit it [or both]. Don't be fooled by salesmen making rash click baiting clips.

[@riptyurass302]

New Zealand is actually surprisingly tax friendly. No capital gains or wealth taxes, no CBT and maximum tax bracket is 39%. It's no Singapore but definitely one of the better western-aligned passports.

[@8House]

New Zealand and Australia were dark dystopias during the Covid epidemic.