Comments by "Marvin Fine" (@torontovoice1) on "6 Takeaways from the Sovereign Individual" video.

Interesting video. I wonder how many people watching the video understood what you meant when you said when you move to Switzerland and you become a Swiss citizen, say goodbye to your tax benefits? I'm sure very few or none really understood that. When you look at high net worth migration, you don't see people moving to the countries you talk about. It might be interesting from an academic point of view to move to a third world corrupt country, and pay almost 0% tax. But very few people are going, and there's good reason for it. The only way you can make really big money in some of these third world countries is to be well connected. You'll probably need to get a local partner who is high up in the government or a general or something like that. Unfortunately sometimes, they feel that they should get all the money not just a part of the money. You can certainly be very vulnerable in these cases. There's loads of African countries that have a lot of natural resources. Just like in Russia where people became partners with Putin, the same thing happens in these African countries. You get a mercenary Force to protect the mind of gold or diamonds or whatever else you can get out of the Earth. All you need is a bunch of guns to keep the locals at Bay. You meaning you and your government partners can get the lying share of the money, well the rest of the population live in squalor. Sound familiar?
4
@vioreliachim5646 This is one of the reasons why you really need to get professional help to know what you're doing. There are other examples as well. One of the functions of non-dom, is that you don't have a domicile in the country. Let's say a door to their salesman came to your house where you were living as a non dumb and give you a deal on a burial plot in the country. Once you buy it, you're no longer non-domiciled in that country because you're planning on dying there. How many people would be aware of that!
2
@mariadavis3797 That's very true. All countries have corruption. The difference between one country and another is the level of corruption. You would not expect to be stopped by a police officer in Denmark for a traffic violation and then be offered as an alternative to a ticket, a ticket for his birthday party in other words a bribe. I was in Mexico and we had more than the allotted number of people in the taxi cab. The driver said if we get a ticket it's 100 pesos, bribe for the police officer. So sure enough we got stopped, and the guy wanted a 100 pesos. So I gave the driver a hundred pesos to get to the policeman. Then he comes back and says, he wants a tip now on the bribe! That's just one example. When the government is corrupt, it trickles all the way down right to the policeman. People kill in jail their political opponents, conjure up lies and fabricate evidence to put them in jail. The media provides the checks and balances normally for this type of untoward behavior. Normally speaking, if you're just an ordinary person, and you go on a vacation even in a third world country, you're not likely to have any problems unless you go out venturing for drugs, or two-legged entertainment! Even then, many people will go back to their home country unscathed. And there's a reason for that. The country does not want any bad publicity which would stop tourists from coming. But when you get involved in the third world country and you start stepping on people's toes by impeding on their business, or otherwise becoming a threat to them, watch out! And that's where you're going to have a problem. It would not be a problem in a first world country. There are laws, there are procedures, and there are numerous forms of redress within the confines of the judicial process. If you get charged in Mexico for example with a criminal offense, you don't even have the right to have a trial! You'll be given a list of what the allegations are and you can respond in writing. Then the judge will take that and make a decision and determine if you're guilty or innocent then what the penalty is. One of the tenants of judicial process is the right to face your accuser. You have no such right in third world countries as a rule. Moreover, you don't even have the right to self incrimination. In fact in many countries, your silence can be held against you. And if you don't cooperate with the police, you can expect to stay in jail without any form of judicial interim release. So yes, when human beings are involved, there are different levels of psychopathy which lead to dishonest and corrupt behaviors. The only difference is the level of corruption and how it impedes on your quality of life. Countries cannot operate without collecting taxes to build roads schools fund hospitals and other infrastructure. Think of a tax collector carrying a big pail with tax revenues. That would be a first world country. In a third world country, that pail has many holes in it, the net result of corrupt officials siphoning off money from money that is meant to go to the government to fund the betterment of the country. Ever wonder why dictators in third world countries are all billionaires and the people that live there do so in squalor? Russia is a very poor country, yet Putin is probably the richest man in the world. And then you have countries that take money to fund terrorism to act in essence as blackmail to collect more money from law abiding countries in their region. Today, because there is a lack of strong leadership in the United States, the entire world is in chaos. The buck stops on biden's desk! You might want to spend some time on the transparency international site.
2
@enjoystraveling no. Once they get a passport, they cannot be on a forfait. Switzerland is not a high tax country, but it is very expensive.
1