Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Americans are Fleeing with Their Wealth" video.

  1. 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.
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  2. 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.
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  3. 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.
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  4.  @millennialx9044  The most over-saturated job that no longer qualifies for most work visas, gets paid utter joke money and requires formal degrees in teaching and isn't an option except in a few countries? Yeah, that doesn't work. Being an English teacher isn't gonna get you $500k+ to spend on buying a house and doing CBI to be able to stay legally, nor is it going to legally keep you in a country long enough to naturalize. Also many countries that still issue work visas to English teachers, specifically exclude time spent on those visas as counting towards naturalization. I've seen two friends find this out the hard way. Also, no sane person is going to waste their time on the demented IELTS or TEFL rubbish when English is their native language. English is the only language for which scum demand those scams outside of "the west".
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  5. What minor issue with the Italian citizenship by descent? The only change I heard of was which court that 1948 cases get heard in. It shouldn't make much difference if you have a solid Italian family line and only need to confirm that citizenship should have passed via a woman in the family line.
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  6. 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.
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  7. Not the best option as CANZUK & CUNA countries are collapsing. Canada is talking about wealth taxes and citizenship based taxation.
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  8. 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.
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  9. 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.
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