Comments by "dlukton" (@dlukton) on "8 Tax-Friendly Latin American Countries" video.

@jon8864 I've been to El Salvador a few times; and I know a few people there. If and when bitcoin becomes widely accepted as a method of payment, I'd be inclined to spend more time & money there. [The way it looks now is that the US government is going to try to make it MORE difficult to spend bitcoin without paying capital gains taxes; and so it might make sense to spend the bitcoin in countries that welcome it].
2
@jon8864 Homicide statistics can be misleading, whether you're talking about the US... or whether you're talking about El Salvador. In the US, the vast majority of homicides are concentrated in just a few cities (e.g., Chicago & Washington DC); and even then, the homicides are concentrated in just SELECTED PARTS of the cities. In El Salvador also, homicides tend to be concentrated in certain neighborhoods. And for people who are worried about crime in El Salvador, "gated communities" are much more the rule than the exception. If you bought (or rented) a house in El Salvador, most likely it would be within a small community of houses with a 24/7 guard who checks the identity of each person who enters. [Of course, if someone wants to kill you SPECIFICALLY, you're going to be at considerable risk... no matter which country you live in]. Regarding the bitcoin situation in El Salvador, it's still in a rudimentary stage of development, i.e., only a small portion of vendors/merchants are accepting it. But I would bet that in a year or two, it'll be easy to go to that country and spend bitcoin to pay for almost any good or service that's offered.
1
@jon8864 The Chivo wallet has been available since September 7th, but the majority of vendors and service providers are still not (yet) accepting bitcoin. And there is no penalty (imposed by the government) for refusing to accept bitcoin. Maybe there will be eventually, but there isn't now. The process has to be slow and gradual; president Bukele doesn't want to generate a backlash.
1
Nayib Bukele is the least corrupt president that El Salvador has had in a long time. Of course, there's still corruption within the government there; but hell, there's corruption in every government.... including the US government.
1