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Matthew Nirenberg
Nomad Capitalist
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Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Best Countries for Americans to Escape to NOW" video.
The problem has been exacerbated by the programs increasing their costs and now demanding proof of the applicant having >$500k AFTER doing CBI. 99% of people are stuffed.
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@foggycraw6758 All that does it waste time and money putting you further back financially, not to mention it ties you into the US tax system even more. Most businesses fail within the first two years and during that time have huge legal costs, compliance costs and accounting costs. Anyone struggling to leave is only going to guarantee they never do if they start a business. You can't just end a business and walk away, there's legal obligations that you have to maintain for the first few years after - if you produced a product then depending on the product you have to maintain liability for 5-25yrs, or the life of the product (in some cases). Such things would tie you into the US tax system unless you were able to sell the rights and liabilities for the product to another business. Not to mention, unless you're a lawyer and an accountant, you'd need to hire, retain and constantly use lawyers and accountants in order to remain compliant and "on top of things" in the USA, home of the most complicated tax system in the world and the largest legal system (most litigious in the world). The point of Nomad Capitalist's "go where you're treated best" is to be free and able to "go where you're treated best", not to "try to leave but be stuck tied into a bad system" and definitely not "want to leave so spend money that makes you broke and thus you can't leave".
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