Comments by "Marvin Fine" (@torontovoice1) on "How to Leave the USA in Five Steps" video.

I don't think the United States is going down as much as other countries are going up. The whole world is in competition for people, Capital, and business. So a lot of people are looking for great opportunities all over the world and they feel constrained by the US government holding them back and wanting to tax them from any success they have, despite the fact that they're not going to be there. I think it's very unfair. No other country does that. Hopefully it won't be a trend that started
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I think unfortunately because of a lot of technology, businesses are becoming highly concentrated and the wealth is being contained by a small group of people that are keeping small players out. You'll see all kinds of initiatives by governments to open up competition and fine companies for anti-competitive practices but until they start to break up a trillion dollar companies, you're going to see this trend continue I believe
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There is a list. It's called The heritage foundation
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@austinbyrd4164 and there's many other things that are draconian and off the chart about Singapore. Do some research on it, you might be amazed. Especially the justice system
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@thegardencity92 yeah I think Belarus is a pretty nice and friendly place to go to, not! They just forced the plane to land on their soil under false pretenses to grab a journalist off the plane they didn't like. Very nice place
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Noam Chomsky, what a gem of a guy, not!
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@thinkforyourself9334 a lot of it depends on what you do. If you do something that requires you to be present, like the majority of people, you can't be a nomad. How could you be a nomad as a cook, hairdresser, warehouseman, factory worker, fireman a policeman, and the list goes on it's only those select few people that have portable jobs like computer programmers etc have the ability to go offshore and not pay tax, or not as much tax. But when you look at what country you can go to, the list is slim unless you want to go to a corrupt third world country. What's the good of them if your life is insecure. You think Mexico is dangerous? Well, there are many countries that are much worse! And God forbid what are you going to do when you get sick. You might want to look at the Newsweek top 100 hospital list. None of the countries in the top 100 are particularly low in tax. Canada the United States western Europe, Israel, Switzerland etc. You Don't see Bangladesh on the list. And if you're not making a lot of money, you're hardly paying any tax! A lot of people are looking at going to a country which is the opposite high tax country where they have good social program and you have a much shorter work week. It all depends where you are at in life. But the concepts that many people talk about on this channel are for most people a dream because they are not practical. I'd like to hear your thoughts
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I think a lot of consultants probably tell people that the only ones six or seven or eight figure entrepreneurs for a number of reasons. One of them being that it's not worth setting up a structure if you only making 100,000 a year it's not enough money to make it worthwhile when you think about the fees setting up the structure and all the other things you have to do to really be offshore. A lot of people don't really understand what's involved. There's a lot involved especially if you want to do it correctly and there has to be a viable business plan to do it correctly. If you're only making $100,000 a year, you don't have to do anything you get a foreign tax credit for $120,000 or so and that and that's it you don't have to do anything all you have to do is just file one extra tax return every year and go to another country but what if your income is 10 million a year, 100,000 doesn't really help you very much that's when you start to look for another structure
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@Matt Karacic most countries don't tax foreigners, and many countries don't have taxes on foreign income at all even for residents. And other countries have other tax benefits. Some countries have no capital gains tax like Switzerland. No country is perfect. You have to look at what you do, and where you want to be. You also have to look at how much money you have, how much skills you have, and who will have you or what passport you have. Then you can make the best decision that works for you. It's like going and sifting through a lot of information. Always remember this though, think of a bucket of water with a lot of holes in it. If you have a corrupt country, they can't collect much taxes. No taxes means no infrastructure, no roads no rules no regulations no justice system and the list goes on. Of course if you're in a dictatorship it's a whole different kettle of fish. So you have to figure out which one works for you. There's no perfect place call me it doesn't exist. It's either too expensive, too cold, to corrupt, can't speak the language, and the list goes on
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@austinbyrd4164 I think there are many other things that are draconian in Singapore as well. Look at the judicial system for example.
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Is another aspect of freedom of movement which is not only having a passport portfolio, but also being well enough to travel. We've seen this pandemic spread throughout the world and just when we think it's over, boom we get another variant. So on Sunday of this week, I'll be taking my third booster shot for covid-19 from Pfizer. I just want this to be over!
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I'm also a Canadian among other nationalities, and I've never been to Georgia although it's on my bucket list of isn't. Unfortunately right now it has a high covid infection rate, and my current country of residence has been our citizens from visiting until the covid rate goes down a bit. Can you tell me what investments you've done in Georgia? I'd love to hear from you. Thank you
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@qjtvaddict I could understand your frustration, but wars are not stupid. Unfortunately, there are dictators around the world that are trying to monopolize other countries and the human rights of some countries is quite abysmal. So it's the duty of the United States to keep balance in the world. Wars of course are the last resort. The first resort is generally sanctions. So there's many countries that are on sanction, but they are prepared to live with it because their view is so untenable that they just want to dominate other people and export revolutions. You also have countries like China and Russia which would wreak havoc around the world if they were left unchecked. You recall that the Ukraine was given assurances by the United States that if they give up their nuclear arsenal, the United States would protect them. Well that didn't work out did it? If they would have kept their nuclear weapons, Russia would not have taken over Crimea! Now they're poised on their border threatening the United States to do things that are in their interest under threat of starting a war with Ukraine. Don't forget you also have North Korea which have nuclear weapons but not necessarily the capacity to deliver them at any great distance. These countries want to acquire nuclear weapons so they can threaten other countries and take over land, natural resources etc. So you can see what happened with Iraq for example when they invaded Kuwait. The United States didn't really have any choice but to forcibly remove the Iraqis from the country. They did so primarily because they had an interest in oil. President Trump created a situation in the United States where there was so much oil that not only didn't they need to import any, but they had enough oil to export. Contrast that with 70% imports. And now we all know that oil is highly polluting and unsustainable, but until there's a replacement for it and a viable one, the United States needs a reliable source of oil and cannot depend on the whims of others to maintain their economy and stable inflation. I could go on for the next 50 pages, but I think you get the idea. Ultimately, when technology advances so that electric cars and even driverless cars becomes widely available, and the grid is able to support it, there won't be a need for very much oil. The only thing lacking right now is a viable way of storing electricity, because green energy is not reliable. On Thanksgiving Day when everyone puts a turkey in the oven, the grid has the highest drain. Would people accept rolling blackouts? I think not! Of course many people believe that their taxes are being wasted, whenever you have a budget of that magnitude with people that have diverging views especially those that are different than your own, there's no doubt that you will feel that the money is wasted. And when people feel that way, they look for alternatives. Those alternatives can be moving somewhere else, tax evasion, tax avoidance, cutting back on expenses and the list goes on. There is no country that doesn't waste money because governments are inherently inefficient. And most governments are not interested in what's necessarily good for the people, but rather to be popular. So by doling out funds to those less fortunate instead of incentivizing them to work or create value, you are perpetuating decades of freeloading. The question is not simple, and the answer is even more complex
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@QueenBees456 countries have a duty to protect their people. The only way to stop the virus or slow it down is to enact rules, and to enforce them. The more the rules, the faster the virus slows down. And they need to slow it down because they only have a certain capacity in the hospitals. So what would happen if the hospitals are full and the doctors are sick as well as the nurses. Then what are you going to do? That's exactly what happened in Italy. People came to the hospital and they said look you're over 70 you have pre-existing conditions, we don't have enough ventilators, we have no capacity to treat you, just go home and die. Maybe they didn't use such drastic terms, but the net result was the same. So you have to look at how a functioning country deals with a pandemic. What would you do if you were running the country?
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@QueenBees456 people move for all kinds of reasons. But I guess the number one reason is a better quality of life. This translates to more net income, better medical Care, better weather, less taxes, and or, whatever floats your boat. So those are the reasons why people move abroad, there are others of course but those are the main ones. If you're happy where you are, just stay. If you're unhappy and you think you can make more money somewhere else then jump on a plane and go if they'll have you
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@mikeelizarev4563 you know what they say, the grass is always greener on the other side. There is no perfect country, but if you look at the visual capitalist website you can see where all the people are moving from and moving to. And they're not moving to Russia they're moving to Australia New Zealand United States Canada etc
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@thegardencity92 no, but it was reported.
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@migooknamja I think you're very misguided. Why would a country shut their hole economy down but for the fact that their hospitals could not handle the capacity. Only Sweden did that, and their mortality rate was high.
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@migooknamja I don't think you can compare China to America. The value of life in China is zero. So when you talking about a Communist dictatorship, it's a non-starter. But the stories that you heard about that hospitals have no patience is completely untrue. If you look on the internet you can see by country, in the case in the United States by state as how many people are in the hospital from covid. These are all real numbers, at least they are in most Western countries
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@migooknamja I don't think you'll find any video evidence of that because obviously there's patient privacy involved. I think it's fair to say that the numbers are probably real, but they may not give the accurate picture of the true status of the pandemic. I remember in a briefing they asked the doctor birks a question. That question was this if a person had a whole bunch of debilitating conditions, and they also caught covid, and the succumbed to their death, what was the cause of death? She replied covid. As far as the accuracy of the tests are concerned, there's a human factor involved as well so some could be a false negatives. Certainly true. But anyway you slice it or dice it, the situation is not good, and many people have died and the world took a big hit.
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@migooknamja I'm not American. But I am moving soon...waiting for covid to die down. Just got my third vaccine
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@migooknamja no I'm not kidding. I live in Israel. I got my first shot in December, second shot in January, and now they're offering third shots to anyone that's had a shot 5 months ago. So I rolled up my sleeve and took it. I have no reaction, and I don't want to get covid. They are vaccinating a million and a half people right now over 60 who are getting their third shots. The Delta variant has spiked, and I would prefer not to catch it. So I looked at the data, and while it's somewhat inconclusive as to the efficacy of the third shot, the safety is nothing in question in my view. So I decided to take it. The clinic was packed today. But everything went pretty seamless took only about 20 minutes
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@migooknamja I don't think governments around the world, at least in Democratic countries have the legal capacity to mandate someone to take a vaccine. First of all there could be reasons why you can't take it. So that would be the first instance. The second thing is that it's a matter of personal choice. Remember that the vaccine has only received the emergency use authorization, it has not been fully approved. I'm not too concerned about the safety of the vaccine, although there have been some reports of mild reactions to it. The issue is one of efficacy, and whether or not the vaccine is going to continue to be effective against new variants that are coming out. But you know I read reports all the time of people that are in there 30s and 40s and get the virus and have no other pre-existing conditions and succumb to their death. Now is that likely? No, not at all but it happens. So with anything in this world, any medication that you take for example you have to determine a risk reward analysis. Is getting the medication better than not getting it? What are the risks of getting it, and what are the risks of not getting it? And you need to look at real data. So Israel started the vaccine earlier than any other country back in December. So there's more data in this country than any other country in the world. And because everyone's medical record is digital, data scientists are able to extrapolate large amounts of data for various purposes. In fact one of the reasons why Pfizer agreed to provide vaccines here first, was the agreement to provide all the statistical data to them, and the world so that countries and people like yourself can make informed decisions as to whether or not to take the vaccine. It is only when a percentage of the population, and no one knows what that number is, gets vaccinated that herd immunity will be achieved. Moreover it's not only Western countries, but the whole world has to reach a certain level of vaccination. In many countries they have none. One of the challenges with Pfizer and moderna is that the vaccine must be kept at a very low temperature, I believe minus 70 or something, and is only good for 4 or 5 hours after it's thawed. more over the explanation dates or rather short so it's a tough job trying to predict how many to keep in stock and how many you're going to need. They're developing a pill form in this country right now which will be able to be distributed very easily all over the world especially in third world countries where access to refrigeration etc. Is non-existent. This thing will end, eventually it will burn out, but the faster the world gets vaccinated, or the more people that get sick, the faster the world will Beach herd immunity. There is of course also the issue of travel which has been very impacted by this pandemic.
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@tipr8739 thank you for your reply. Yes I did see some of those stories in the news, but the nature of the disease is that you cannot predict where things are going to go. So you need to have services just in time, ready for use. It's kind of like being ready for a battle, you don't know when it's going to come. Millions of people are dead because of covid, it's not a joke it's real. And I don't think you should trivialize it because you might influence someone who might be two bricks short of a load and listen to what you have to say and pay the ultimate price as a result. You're playing with fire. Everyone has the right to make their own decisions, but when you're not duly qualified and start disseminating reckless information, you could be instrumental in someone's death.
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Very interesting. I was looking at Malta as a possible destination to move to but I don't know anything about it. Love to chat with you and hear your experiences can you send me a reply
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Yeah those are two fantastic corrupt countries. You should go there and mind your own business, you might be okay
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I think you have to look at the country from a different perspective. There are poor areas, and poor states, which are predominantly democratic, and then there are richer States which are predominantly Republican. As well because of the system of capitalism, there is a tremendous inequity and the wealth of the population. You have an awful lot of poor people and you have a large middle class, and then you have a small select class of ultra high net worth and billionaires. Unfortunately, because of technology, a lot of the wealth has been concentrated by a small number of people which has disadvantaged the largest number of poor people. These people are as you describe. They eat poor quality food which causes obesity. They're not very intelligent, they're mostly uneducated, and there's a lot of illegals in the country which are doing the bulk of the grunt work if I could use that word loosely. So if you were going to make a documentary on the US, you could make the worst or the best, it's your choice. Not everyone lives like the Kardashians, and people that are downtrodden, have a very hard time making ends meet. The medical system is poor for those who are not funded with healthcare, and there are very few social programs because people just don't want to pay for them. Fortunately, there are tremendous opportunities in the US for companies because they have a large group of people whom they can sell their wares to.
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@Dar Rin Zee you never know it might happen. It was a pretty close call with Greece.
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Well I agree that some people want to stay and fight, but in many cases it's a very futile fight and change comes very slow and and in baby steps. You can't change the philosophy of a government that believes illegals coming into a country have rights and need to receive government assistance? But why do they do that? Because they're hoping that eventually they'll become citizens and be able to vote or be able to send in mail in fraudulent ballets and keep a system of handouts going. The problem is the people that pay the taxes are the ones that are the most mobile and the ones that have the most choices. Eventually you erode your tax base, and there's no one else to tax. You can't tax people on welfare. You also see the gig economy really advancing. What do you expect! People lost their jobs so they have to find some way to live, so that's why they give you economy is advancing. Now that they're working in that area, they don't want to go back to being employees which is why you see the participation rate going so low. There's also a growing industry of cash businesses where these people are simply not on the books anywhere. They're likely collecting benefits and working under the table. There's no real viable way of going after these people because they're just living on a subsistence. It's not simple.
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