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Matthew Nirenberg
Nomad Capitalist
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Comments by "Matthew Nirenberg" (@matthewnirenberg) on "Trump Tariffs Could KILL the US Passport" video.
@naverich4603 You're spot on. Even living in a smaller city, the end result will be insane taxes - remember France is talking about citizenship based taxation and huge wealth taxes, not to mention French Citizens and long-term French taxpayers can NEVER enjoy the 0% PIT in Monaco so it seems to be a bad choice every way you look at it.
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And being a 'team player' NEVER works well. It always results in the same bad decisions and the ever increasing of the US debt spiral. The race to the bottom is the result. Change only ever comes from those who aren't 'team players', it comes from 'do-ers' and 'risk takers'. If the boat is NEVER rocked, nothing will ever change.
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@massabeelviejo9948 As has every other entrepreneur in history. Being an entrepreneur is all about taking risks and accepting that sometimes you fail. The key is to get up and try again. That's why 99% of people will NEVER achieve anything truly meaningful, nor will they ever achieve the wealth they genuinely could with very basic steps.
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@jamalgreen3056 You're wrong - its NEVER possible to compete with global markets as different countries have different laws and standards. Unless everyone is playing by the identical rules, someone will always be cheaper and thus the only one doing a specific thing. The reality is that results in quality and standards dropping as there's no reason to maintain them as there's no competition. This is literally why the USSR and communism fail - it only works whilst there's other peoples money to take, and whilst you can force people to work and do as they're told. Once that money runs out and people quit complying, it all falls apart. Tariffs let each country do a bit of everything which creates competition, which in turn creates better products and choice for the consumer. The result is that sometimes people will buy local products, sometimes they'll buy the imported product. This results in actual wealth creation and money genuinely moving around the world, resulting in a global trade economy that actually works. When only one place does one thing, the moment something disrupts that, everything comes crashing down because there's no way to maintain production or availability. Ever hear of the saying "never put all your eggs in the one basket"?
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@sweendawg7274 * Intelligent Canadian who sees no point in going down with the ship when its completely avoidable. What's the matter? You want to bring everyone down with you because you're unable to leave? Or, is it because you don't want your "free money bro" cashcows to leave? The reality is, the 99% like how things currently are because they're on welfare and have it easy. Anyone who isn't on welfare is being reamed by taxes and struggling to live. Until the 99% want things to change for the better (end welfare and pay off all the national debt, and lower taxes), nothing will change so why would/should those 1% who want change stay and lose everything? That's literal insanity.
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@susanner35 When you pay the full taxes and lose the bulk of your money to the govt, you will realize that there's NEVER enough, that they'll always be demanding that you "pay your fair share". 50-75% is NEVER a 'fair share' but that's the actual reality in much of CANZUK & CUNA when you add up all the taxes including the levies that you have to pay. Why should those who work hard, lose everything just so the leeches can get their welfare "free money bro"? That's why people leave or simply opt for having low or no income as they lose the tax burden that was crushing them. Welfare and national debt are two things that shouldn't ever exist. You should only be able to rely on family - NEVER taxpayers!
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