Comments by "Marvin Fine" (@torontovoice1) on "Don’t Move Overseas Until This Happens #NomadCapiTEAlist" video.

  1. As a Canadian, I don't like Trudeau's policies, and dislike even more the NDP.
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  2. I think when you look at the logic of this whole thing, many of the programs that are advocated are only beneficial to people who are ultra high net worth. If you're making $50,000 a year, and living in a first world country like Canada the USA etc, you meet me better off just to stay put. Why would you want to go into a country without any social benefits? But if you're making 5 million a year, then paying 54% tax like they tax you in Canada for example is a big incentive to leave. And the minimum cost of residence permits or passports Pale in comparison to how much you're going to save. But there's a give and take with every situation. If you go into a poorer country, the crime and corruption is probably a lot higher. That can be advantageous or disadvantages to you depending on your situation. You can move into a gated community, bribe local officials etc. It's a little more than meets the eye. And it also depends what you do. If you own a hardware store, there's no point in moving. How you going to run a hardware store in a third world country? But if you have a portable business, it might make more sense. Also many people think twice three times and four times about uprooting themselves to another country. So the benefits have to out way the detriment. Finally, I guess what he's saying by that comment is if you're only making a small sum of money, you're not going to be wanting to spend tens of thousands of dollars on fees for lawyers consultants, and buying other passports, whereas if you're making 7 or 8 figures, it's negligible. But how many seven or eight figure entrepreneurs are there in this world? And looking at the number of people that watch these videos, I think a lot less than 1% fit that bill. But I must say the videos are entertaining and I keep watching them
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  3.  @goldenarm2007  yeah I hear you, I don't know what freedom you're looking for? Freedom to get robbed, killed, or live in a lawless country? I don't think there's that many rules in Canada that are difficult to follow. And if you get sick, you may be sitting in a foreign country where you can't speak to people who have little concern about your well-being and only concerned about getting paid. On the other hand, if you're paying millions of dollars in taxes, then there are places you can go to lower your taxes. Some examples might be Italy and Greece where you can pay a flat tax of only 100,000 euros. You can also pay a flat tax in Switzerland of around 150,000 Swiss francs. But if you only making 50,000 a year, that won't help you. But it will if you're making 5 million a year. You can certainly go to live in a third world country were there just happy to have you there and you just pay your expenses. Such as Costa Rica, Panama, Mexico etc. Portugal is another option as well but you'll have to buy a property for around $300,000 euros to get a permanent resident permit unless you're an EU national. So it all depends what you looking for. The world is getting smaller, and it's just a matter of time until the oecd equalizes all of the tax rules so the tax Havens will become Peoria States. No one is going to give you anything for nothing, always keep that in mind. Any country that's going to let you live on their soil wants something from you. Probably the best example is the UAE where you get a residence permit for 3 years and every 3 years you have to renew it and re-qualify. If you're not healthy, or if you have no money or mean to support or job or investments, hit the road buddy. If you feel the medical test to get sick, then you get deported they don't want you. Do you want to go to a country like that?
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  4.  @lisas44  I think you're exaggerating a little bit. Trudeau's a pacifist, and he didn't want to engage the truckers in a violent protest so he tried to over legislate which got him a fair amount of bad publicity. That said, most of the media was in favor of what they were doing, and Canadians themselves especially those in Ottawa and the factories that were depending on parts from the US and vice versa, we're devastated by the economic fallout by the border blockade. His proposal to license media is to try to squelch out media that is a fringe element of society. I really don't think it's going to work, especially because of section 11 B of the Canadian charter of Rights and freedoms which expressly provide freedom of expression. So I would expect that there would be interlocutory applications made immediately if such a legislation was the pass. And based on current Canadian law, there is little doubt that such legislation would be struck out. I think they know this as well and they're using this as a threat to try to get the media to be more balanced. Frankly the fact that he is in his second term, he's really going for broke and really doesn't care as much as he would in his first term. I wouldn't read too much into it. It's no different than the threat to institute wealth tax in Canada. These are proposals that aren't going anywhere, but investors like clarity, and when you have proposals that are anti-competitive, they tend to create uncertainty in the market and stifle investments
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